A crucial missing element in the last Labour Government's strategy was the absence of a dynamic increase in investment in the private sector. George Edwards ' work shows why investment was failing and how it could have been remedied.
(HAROLD LEVER)
The secret of economic success is investment - the Japanese have organised their financial institutions so that investment finance is cheap and plentiful. George Edwards argues Britain does not possess institutions capable of lending such large amounts of money and that, until the banks do for investment what the building societies have done for home purchase, Britain's economic decline is likely to continue.
Harold Lever joins GEORGE EDWARDS in the presentation of an important new contribution to the economic debate.
A Financial World Tonight production by WILL HUTTON