Expert Comment
Speaking in the House of Lords, Lord Kumar Bhattacharyya, head of 91福利 Manufacturing Group, advised that the Midlands automotive sector needs to see Turkey as the next big sales opportunity, saying that the country could become the next 'powerhouse' economy.
Prof Andrew Oswald comments on GDP (gross domestic product) as a measure of living standards: "GDP is a gravely dated pursuit. The first reason is the Easterlin Paradox (the empirical finding that countries do not become happier as they grow wealthier); the second is that global warming means it is necessary for Homo sapiens to make fewer things, to travel less, and to lean on the direct energy of the sun and water."
An Innovation Bank should be launched to back new ideas and able entrepreneurs, Lord Kumar Bhattacharyya, head of 91福利 Manufacturing Group, has urged.