Tag Archives: innovation

Vince Cable and Chuka Umunna criticise Government’s industrial strategy in Independent article

Vince Cable has teamed up with Chuka Umunna in an Independent article that warns of the likely consequences if Vince’s former department of Business, Innovation and Skills suffers the massive cuts predicted. It’s not a protected department, so its budget could be cut by up to 40%. That would make it difficult to continue Vince’s successful industrial strategy:

One of the positive legacies of the Coalition government was the establishment of an ‘industrial strategy’ with the same objectives. It was successful in attracting a lot of support from business in general and in key sectors like automotive, aerospace, bio-tech, creative industries, energy and railway supply chains and construction. In vehicles and aerospace, especially, a large amount of private sector and government money was committed to R&D. The approach was flexible, accommodating and welcoming of disruptive technologies and the emergence of new industries. Before the election, the Conservatives, Labour, Lib Dems (and the SNP) subscribed to the industrial strategy.

There has been a deafening silence since. We are now past the first 100 days: the government’s honeymoon. There is no excuse for lack of clarity over a key area of government policy. There may be an innocent explanation: a wish by the Conservative government to rebrand the industrial strategy as part of its ‘Long Term Economic Plan’, while work quietly proceeds in the background. A more worrying possibility is that the ideologues in government have got their teeth into it believing, against all previous experience, that market failures will correct themselves and that the UK economy will achieve balanced, sustained, recovery thanks to resurgent banking and app start-ups in Shoreditch.

Posted in LibLink | Also tagged , , and | 9 Comments

The Independent View: The innovation revolution: How small banks and building societies are playing a significant part in creating competition through innovation.

Obama taking donations via Square mobile payment systemUp and down the country there are small but significant banks and building societies playing an important part in the day-to-day lives of customers and businesses. Yet they are not only helping customers locally, they are also changing the way we bank. The Cumberland Building Society will be familiar to Westmorland and Lonsdale’s Tim Farron MP, and despite a relatively small customer base compared to the traditional big banks, it is leading from the front when it comes to payments innovation and technology, offering …

Posted in Op-eds and The Independent View | Also tagged and | 4 Comments

Opinion: EU Invests €22 billion in Research and Innovation

The European Commission is set to invest large amounts into research and development to create well paid jobs and generate sustainable economic growth and boost Europe’s competitiveness across a range of key sectors which also aim to improve our quality of life.

Over the next 7 years a partnership between the European Commission, member states and industry will invest €22 billion in innovative medicines, aeronautics, bio-based industries, fuel cells and hydrogen and electronics. With the aim of generating high quality jobs across the EU covering these sectors through public-private partnerships called Joint Technology Initiatives (JTIs).

The EU has seen its main competitors …

Posted in News | Also tagged , and | 2 Comments

Opinion: “Capitalism is a great success story.” Really, Nick?

On Monday, Nick Clegg gave a speech on responsible capitalism. This was his first real foray into the debate since it has erupted as a major talking point, even though we as a party have been arguing the need to reform capitalism before it was cool.

Before criticising capitalism, he praised it by saying this:

Capitalism may be today’s political punchbag, but let’s take a long view: it’s one of history’s great success stories. No other human innovation has driven progress  and raised living standards so consistently. Markets catalyse ideas, invention and experimentation. When they work well, they are meritocratic and

Posted in Op-eds | Also tagged , , , , , , , , and | 35 Comments
Advert



Recent Comments

  • User AvatarDavid Raw 9th Jul - 2:40pm
    Gordon Brown wasn't a 'left wing' Chancellor. He was extremely cautious and stuck to Tory financial guidelines i n the early years of his Chancellorship....
  • User AvatarGeoffrey Payne 9th Jul - 2:37pm
    Congratulations, a very interesting looking job. From a Lib Dem point of view I reckon we could benefit from having more expertise on sustainable economics.
  • User AvatarPeter Martin 9th Jul - 2:29pm
    @ Peter Martin, Yes I'd go along with Tim Farron's OP and your comment. All of my own three children have been educated in the...
  • User AvatarPeter Hirst 9th Jul - 2:16pm
    This pandemic and its aftermath could be our last chance to position the world to combat climate change. It is a golden opportunity to create...
  • User AvatarPeter Watson 9th Jul - 2:06pm
    @Peter Watson (!) Looking further down that old thread, I corrected myself later: the reference and the quote about social mobility were from a 2014...
  • User AvatarPeter Watson 9th Jul - 1:51pm
    Peter Martin "Lib Dems are supposed to be guided by evidence based thinking. So what’s the evidence on social mobility?" I was surprised by the...