British households would be £5,000 richer if we were more innovative. Let’s unleash our talents | Gordon Brown
TL;DR
Former UK prime minister Gordon Brown argues in a Guardian opinion piece that innovation must be at the heart of government policy. Britain has a deep reservoir of scientific assets, he writes, yet struggles to turn small companies into global success stories, and households would be £5,000 richer if the country were more innovative.
Nauti's Take
Brown points to a real opportunity: Britain has world-class research in AI and biotech, and more growth from homegrown startups would reach households directly. The limit of the piece is execution, since the £5,000 figure is a hypothetical estimate and a shortage of growth capital does not disappear with an appeal.
European founders know this problem well, and it only shrinks with concrete rules on funding and public procurement.
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