Tim Farron is right to highlight some of the challenges facing all entrepreneurs in this country, but the idea that Britain’s scientific community is failing at business is simply not accurate. Reports estimate that UK universities produced more than 3,000 companies in 2011. And the combined turnover of companies originating from universities now exceeds £2.5bn, providing employment for more than 30,000 staff. UK universities have demonstrated that we are much more cost-effective at starting companies than those in US. There is much we can learn from our US colleagues about fostering a greater culture of entrepreneurship and risk taking. But it is for policy makers, politicians, universities and financiers to work together to provide the necessary ingredients for them to thrive: capital, labs and, perhaps most importantly, a can-do attitude. Professor Stephen Caddick, vice provost, UCL
@notayesmansecon Ukip averaged 22 per cent in the council elections on Thursday night…
@LordAshcroft What is Putin’s greater fear: sanctions or “losing” Ukraine? The latter obviously.
Spain debt to GDP hit record 93.9 per cent at end of 2013. In 2007 it was under 50 per cent.