Perhaps it is time to start to learn to love quangos; perhaps with greater democratic control, such a romance would be possible.
Japan, Korea, Taiwan and now China, have all invested heavily in new technologies – through government support for new industries.
The big questions are about an EU deal and Covid recovery. But one of the other places to look is how we turn our savings into investments.
Such an institution would not only replace the European Investment Bank but give us an opportunity to demonstrate expertise and innovation.
Until we cut back the number of public bodies and give Ministerial departments the tools they need to properly grip ‘Whitehall’s wild west’, the hundreds of bodies that already exist could drift further out of view of departments and the public.