How far do we understand what is happening in the UK economy. The goods and services transacted are often unrelected in the statistics collected by the government. There is an absence of measurement and thought on the leverage that better communication and information brings. A good example of this is the rather cumbersome 'global app economy': of which 22% is located in Europe and 42% in the United States.
The leader of the European trade body claims this as a success; yet, ten years ago, Europe was praised for having a more developed mobile phone market than the US. Now the app economy for smartphones and tablets is half the size for an area of comparable population. This is not an innovation economy. Further evidence of this decline is provided by the roll-out of 4G services: available in US, Asia and not over here.