ethos embodied by so many of the fantastic businesses right here. some people think innovation is about gadgets and geek ore, and nice to have, peripheral to growth compared to the traditional levers of tax and spend, but that is exactly the mindset that we need to change. let me tell you why innovation is so important. 0ver change. let me tell you why innovation is so important. over the last 50 years it was responsible for around half of the uk s productivity increase. newjobs are created by innovation. peoples wages increased by innovation and the cost of goods and services reduced by innovation and services reduced by innovation and major challenges like energy security and a net zero will be solved by innovation. the more we innovate, the more we grow. and the world is seeing an incredible wave of scientific and technological change, so right now, the most