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Monday, 7 February 2011

Innovation: Britain's other deficit | James Dyson

I certainly agree that innovation, R&D etc. are important. When my lot were in office they invested too much time, effort and money in the city to the detriment of a balanced economy.
It comes down to investment. Investment in education, skills, graduates, engineers. Even the author Mr Dyson acknowledges that, even while saying government should be cut back. He means cut back in the other areas. At the end of the day we need to be investing in education all the way through, and incentivising areas such as engineering. But that costs money, as do the tax cuts he's calling for.

And one last thing: it's all very well and good having an export-orientated economy, as everyone now wants to, but in order to export, someone has to buy it. Who will that be? USA, China, India, EU?
Upon that may rest a great deal

Interestingly, the first letter is pure protectionism. Is that the path our government wants to take? I have no doubt there would be tit-for-tat reprisals if it did but it's always worth considering

" James Dyson calls for "patentable exports" in his piece. Is this the same James Dyson who closed the Dyson factory in Malmesbury, Wiltshire, in 2002 to move production to Malaysia, resulting in the loss of 560 jobs? Sack British workers, move production abroad, still made £190m profit last year – no wonder he is one of Cameron's advisers.

Alan Quinn


Very interesting that. ouch

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