@NeilDotObrien The whole premise that UK Universities should be a meaningful source of useful innovation for UK business is fundamentally flawed. Ivory Tower focused for 40 years and it has got us pretty much nowhere fast. Time to wake up, ditch Science Superpower and get innovation going.
@RichardALJones The GDP and productivity inflection around 2008-2009 is the productive part of the economy namely financial services falling off a cliff.....exposing the really poor base productivity in the economy.
@RichardALJones GDP is vanity. It's turnover. What is the productivity per capita? It's very low. Which means most of the UK workforce are busy fools working in zombie jobs.
We live in a country where a region or two (London/South East and East Anglia AKA as Cambridge) keep the rest afloat.
@WorkMJ Exactly. Its HQ is in the UK but its no longer British. Its a Japanese plaything. Apple one of ARMs customers lost $100 billion in a day in 2023! ARM intellectual property has created a $100 billion company,whereas all its customers that licence that IP are $trillion companies
@RichardALJones@IssamSamiriEcon@jagjit_chadha He glosses over and misses the key metric in our productivity gap. 30 years at the innovation rock face has shown that the "labour quality" problem is actually a management problem. We simply don't have quality entrepreneurs that can take innovation and create productive acticity
@RichardALJones@mark_wears A big part of it. The UK has had weak innovation and low levels of industrial R&D since the 1980s. The productivity of financial services masked all of that and carried the country until 2008.
@RichardALJones Don't forget the important stuff. They are better entrepreneurs, have a robust mindset, are driven and focused, have right acumen and don't constantly look for support and handouts.
@ionos_uk OK if I call IONOS and pretend not to be a customer..INSTANT pickup!!!...as a real customer it's 15 minutes and counting on hold...from previous experience I'll be waiting another 15 minimum.
Contract end it's goodbye to IONOS I'm sick of this waste of time.
#fail
@GregHands Do you really think people are that stupid? This was a predicted figure....lets see!. This was apparently down to Boris who did not have a growth plan. The Truss "growth"plan is going to take this to negative for 2023 and a massive recession.
@DavidDavisMP Not necessarily. If they just cut then yes. But if they allocate some of this money to real innovation opportunities in the UK STEM SME sector it will be money well spent. Our constant focus on Ivory Tower R&D is jam tomorrow and tomorrow never comes.
@GeorgeFreemanMP I'm less delighted. If we are looking for growth and innovation lead growth it aint coming from where this money is allocated. I would have much preferred some reallocation directly into our STEM SME sector and not filtered through the Ivory Tower network.
@RichardALJones It's called "Working smarter not harder."
The UK scores very high for "innovation ecosystem" but is a poorly innovating economy...a people problem; lack of quality innovators/entrepreneurs.
High productivity = 1000 Dyson type companies every 5-10 years not one in a generation.
@TwitterSupport @Twitter Literally NOBOBY on Twitter wants this feature.
"Getting tweets from people followed by people I follow?"
Tell your AI to kill it.
@RichardALJones The productivity growth was the city and London. This masked and underlying decline in UK productivity across all sectors. ICI was global standing in 1970s and dead by 2008. That's where all our non-financial productivity went. Down the toilet. Ditto financial in 2008.