Updates to the law to address current issues in high-tech industries should not create new issues for the industries for which the patent system functions well, namely drugs and biotechnology.

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He has promised to curb home prices by building 85, 000 new flats a year, as well as boost education and nurture more high-tech industries.

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In the 1990s economist Michael Mandell predicted cutting-edge industries like high-tech would create 2.8 million new jobs over 10 years.

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For all the seductive talk of rebalancing the economy, of reviving manufacturing, of supporting the creative industries, high-tech start-ups or whatever, the best thing that any new government can do for enterprise is to restore the public finances and stop dominating the credit markets.

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We need to stop subsidizing oil companies, and use that money to invest in clean energies like wind and solar and high-tech batteries. (Applause.) Those are industries that are already creating new jobs and making us even less dependent on foreign oil.

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