After the lazy nineties and noughties when we believed that services and the public sector could fuel a sustainable economy, then came the reckoning. The most concise redefinition of Britain’s economic strategy came from Sir James Dyson in the FT last weekend. It’s really quite simple, said the engineering genius and founder of Dyson: “Our total focus must be on developing the best products and technologies of our own – to sell to the world.”
Without a primary economy, there’s no sustainable engine room; doing each other’s laundry doesn’t work as a strategy when the confidence runs out. “Exportable technology” is everything, says Sir James. We should focus on nothing else.