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Great to see Sir David Potter telling it like it is about the decline of our manufacturing sector and along with it, the accompanying reduction in R&D. It has got to be about time that people stood up and told those “merchant bankers”, both in government and the City of London, that the UK’s long term prosperity cannot be guaranteed when based on a service sector economy.
Remember that no one has told China, India, Pakistan and other low cost developing countries that they can’t also be knowledge based, financial power housed economies!
[ Source: Psion Founder: Britain Needs R&D ]
Technorati Tags: City of London, economics, manufacturing, merchant bankers, service sector, Sir David Potter, UK economy
