This is a perfect storm scenario. Countries such as the UK, with a history of dominance and empire and educational excellence, need to look beyond the obvious. The world is going to be a very different place in just a couple of decades. Economic and cultural hegemony is not a birthright and can easily shift to the east throughout this century.
It was demoralising to see The Times' report that "almost a quarter of graduate employers have complained of being unable to fill vacancies despite record numbers of school leavers going to university." Once again, a 'mismatch' between what graduates can offer and the knowledge and skills asked for by employers has been blamed.
Whether you have a son or daughter just finishing their summer exams or you're a high-tech manufacturer hoping to add to your pool of skilled technicians, we all want young people to have the opportunity to fulfil their potential - not just in work but in life. But the education system must do more to prepare them for life outside the school gates - or we risk wasting our greatest asset.
The General Election is just 10 months away. But the focus of its debate is a generational challenge to share the benefits of growth, in an environment of ongoing reductions in public spending. The good news is that the current squeeze in living standards is not inevitable and there are choices we make to reach a different outcome.
So we feel that providing a way of linking the talent around us within the local community with the experience and opportunities that both large and small companies can offer is extremely important. That's why we are supporting Connecting Tech City and why we think initiatives like these are vital if we are to nurture the skills base companies like ours will need to prosper and grow.