Unfortunately, that is only in Finland or South Korea where higher speed broadband access is recognised as both a human right and a vital commercial necessity.

Here in England most of us are still dawdling along at 6Mbps downloads and <1Mbps upload speeds, while dreaming of the day that optic fibre will reach far enough for us to enjoy the 50Mbps it promises to deliver. In the meantime the government is still intent on a massive investment in the old infrastructure of railways so we can shave 20 mins off a trip between London and Birmingham.

If the future of GB plc is dependant on us beating the world in the white hot technologies that will create competitive advantage, then the two most important elements that we need are

• A modern infrastructure
• A vibrant venture capital sector that will fund a great business idea, even if the entrepreneur does not have caste iron assets to put up as collateral.