Cable Announces Move to High Tech Economy

During a state visit to India UK, business secretary Vince Cable identifies the manufacture of high tech products as the key economic recovery in the UK.

The Business secretary said yesterday that the coalition government aims to move the UK’s economic focus away from finance and towards high-tech manufacturing industries. Britain’s over reliance on the finance sector is often blamed for the slow pace of recovery in the UK. This follows the announcement by the chair of the British Business Angels Association last year that business angels are increasingly attracted to the clean tech sector in particular.

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