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Creating a smart economy will take more than political promises. We consider the changes required – such as educational reform and promoting an entrepreneurial culture – while ensuring that in the rush to research we don’t abandon small business or the less well-off

WE DO not have an integrated plan for economic recovery. The Government is adopting a piecemeal approach. Consequently, it is likely that inconsistencies will arise between different policies. The central focus on the smart economy, for example, may not be consistent with the creation of full employment.