For a small island with a very British habit of regular, unnecessary self-crippling, there's quite a lot of innovation going on here. Just not a lot of self-congratulatory "disruptive" internet BS innovation.
e.g. ARM, Dyson, the RepRap project, the Raspberry Pi, the Oxford/AZ vaccine, Rolls-Royce jet engines. Graphene. The micro-satellite. Vantablack. The genuinely trailblazing .gov.uk project. Quorn. Cloning!
And most importantly, the tikka massala, the balti, and the Henry vaccum cleaner.
(And, someone told me the other day, bungee jumping. Sorry about that)
I have no idea if our IP regime is worse or better than anywhere else's; we do not have a tradition of crazy software patents, though, so my guess is better, not worse.
