Britain’s Hollowed Out Research and Development Base – 40 years in the making

In the late 1970s, Britain was one of the most research intensive economies in the advanced world – now we are among the least.

So, it has taken us over 40 years to hollow out our manufacuturing and Research and Development base and ‘infrastructure’. It is going to take just as long to rebuild it – so the sooner we start the better. But we will only start this process if we finally recognise that we must move away from the rent-taking economy which we have built up since we have ditched the post-Second War consensus based on fairness rather than asset-strippng.


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