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I agree in principle, but I recently ....
It's puzzling you conclude abandoning r&d is the answer.
Just one issue with putting all our eggs in the City of London basket is we'll end up even more of a tax haven - cue desparate disparities in wealth and (more importantly) quality of life.
miro_o-
Hmmm, I don't remember saying abandon R&D. As I understand it from the news, isn't quite a lot of the funding for R&D (I include sciences in this) coming from EU partnerships? And what will happen to this funding if we do end up leaving the single market. Which seems likely to happen as that's an under pinning principle of the EU and EEC, and quite clearly the Brexit vote seems to have been won on the premis of shutting down our borders.
I really hope that Germany still wants our engineering exports once this debacle settles down - according to the government's figures they're our largest engineering customer.
bluebikerider
I agree in principle, but I recently had to buy some new power tools for a large project. I'm used to using the 'best' and never purchased anything except Festo when I was a tradesman. I was convinced by the sales guy I used to deal with that I didn't need to buy Festo as the cheaper brands had caught up quality wise.
So my worry is that we are too far behind, and now due to the massive investment and progress China and India has made in their R&D sectors and they can churn out high quality items far cheaper than we can.