Rupert Lowe

So we don't have a position.

I mean, NASDAQ has flown on the back of London's failure.

You still have a much more capitalistic approach to your financial markets.

Ours are now so regulated that they've become...

arguably more interested in protecting the value of people's pensions than they have in matching risk capital with entrepreneurs, which is what they should be doing.

Well, I think the British economy is in pretty bad shape.

Well, it's a service industry, a lot of it, as you know.

And Jimmy Goldsmith talked about this.

I mean, Jimmy Goldsmith, great man.

He saved the pound through the referendum party where the other parties promised.

He doesn't ever get enough credit for it.

So he spoke very well about this.

And it was happening in the 90s, really, when we were...

outsourcing our manufacturing to cheap labor countries.

And he forecast what would happen, which is that we would become a dependency culture rather than a culture of innovation.

Because actually, when you've got your factories in different parts of the world, it's there that the innovation takes place.

Yes.

It doesn't take place in the consuming nations.

So I think what's happened is we've gradually been party, or our leaders have, to closing down our economy, damaging the interests of the British people.

But the British people are still incredibly creative.