Historically, the British have always been rather wary of grand engineering projects - perhaps understandably, given that many of them have been delivered late and over budget.

Evan Davis

Categorized in : Projects British Engineering

Britain, however, has ended up specializing in the ones you don't see as much of: defense aerospace, making drive shafts for cars, pills and drugs, designing chips that go into 94 percent of the world's mobile phones.

aerospace car phones

We escaped the last big bursting of a bubble - the dotcom bubble - with a relatively light U.S. recession. On that occasion, the world economy found its way back on track fairly quickly.

track lasts light