“An innovation is one of those things that society looks at and says, if we make this part of the way we live and work, it will change the way we live and work.”

“Britain, however, has ended up specialising in the ones you don't see as much of: defence aerospace, making drive shafts for cars, pills and drugs, designing chips that go into 94 per cent of the world's mobile phones. And so there's a danger that because it doesn't have a British flag on it, people”