hi tech

New Look Economy: Built on Hi Tech & Innovation

The UK can only achieve healthy economic growth and job creation by boosting its high tech capabilities and innovation across the economy, according to a new report published today by NESTA, the National Endowment for Science, Technology and the Arts. Rebalancing Act (1.74Mb PDF) provides new analysis on how to rebalance the economy. It shows that a full-blooded revival of the wider manufacturing sector is wishful thinking and would require growth rates not seen since the Second World War. NESTA worked with Oxford Economics to develop four scenarios for the future balance of the economy, and applied them to an economic forecast model showing how each will affect economic growth, regional performance and employment in the UK. The four scenarios (detailed at the bottom of the release) are: &... »