[Tubby Isaacs]

I don’t know how you pivot away from this US tech. I don’t see this as being an overly Atlanticist thing. While lots of the “sclerotic EU” stuff is merely demographics, there seems to have been a long term failure on tech. I expect Mario Draghi has some ideas.

With tech, it’s basically what’s called “Wimbledonisation”. The UK can do well out of being the host (of the tennis tournament, or tech investment) but the top players are foreign.

It’s a useful term, first coined of the City of London.