UK electronics industry led from the Cayman Islands

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Shades of Lord Gnome lecturing the UK from Villa Bourgainvillea in the South of France.

Last week something called the Electronics Leadership Council issued a report called 'Shaping the Future of UK Electronics'.

The ELC says it is 'charged with providing focussed and high profile leadership for the UK electronics industry'.

"In the future, UK companies must succeed by developing and exploiting intellectual property rather than competing on production costs", the chairman of the ELC, Harry Tee, was quoted in a press release accompanying the report.

What a stunningly original thought, Harry, where have you been the last ten years?

The answer came when we tried to contact Tee. "He's in the Cayman Islands", said an aide.

You couldn't make it up.

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