Two passages worth pulling out from Clarke's address. The first on Sterling:
And the second on education reform:“
"Rapid movements in exchange rates are always disastrous ... There are upsides but, on this occasion, we've got most of the downside. The upside, in theory, is that our exporters' goods become cheaper for customers - but that's asusming that there are customers. What's happened is just that our exports are cheaper, imports are more expensive, and our trade deficit remains defiantly the worst since the C17th."
Tune in for more dispatches from me throughout the day.“
"The future of the economy is in hi-tech niche markets, that we need to fill ... that requires higher quality education and research in this country ... The effective reform of education and training in this country underpins the whole thing."