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As it happens, I have personally been something of an enthusiast for the London Olympic games, mainly on the grounds a) that a bit of wasteland will be made nice and b) that it tends to make everybody happy that their country should be the centre of world attention for a couple of weeks in their life. ↗
Britain, however, has ended up specialising in the ones you don't see as much of: defence aerospace, making drive shafts for cars, pills and drugs, designing chips that go into 94 per cent of the world's mobile phones. And so there's a danger that because it doesn't have a British flag on it, people won't realise that we actually do produce value. ↗
