The ability to create a competitive and thriving economy is partly dependent onknowledge production and innovation. So how well is the UK performing in theseimportant areas? To assess the UK’s comparative performance, and gauge how itmight perform in the future, it is a useful exercise to...

It is all very well exhorting UK business to be more innovative, more competitive andto close the productivity gap with economic rivals such as the US. The problem is,approximately 40 per cent of companies in the private sector are owned by non-UKbased companies. In these cases the parent...