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The decision to shift production to poorer economies like China and concentrate on "high value" industries rather than heavy ones like coal, steel and car manufacturing was for him "undoubtedly the right one".
Housing on "high value" land will be sold off – putting paid to the majority of social homes in central London.
The Deputy Prime Minister conceded that he had not yet managed to persuade David Cameron that a "mansion tax" should be introduced on high value homes.
He instead wants to introduce new council tax bands on high value homes.
He also confirmed plans to collect a "mansion tax" on high value properties through new council tax bands.
While sales grew 4.1percentt year-on-year, profitability increased by 29percentt which Sony put down to its focus on high value devices.
Similar(45)
The focus on high value-added areas has returned competitiveness".
On automation, Foxconn said: "As we have long said, Foxconn is investing in the automation of many of the manufacturing tasks associated with our operations … to enable our employees to focus on high value-added elements in the manufacturing process".
The crucial point in these efforts is the focus of the re-industrialization of the economy of the European Union on high value-added products.
Some speculators just sit on high-value land they have acquired without cultivating it.
Most focused on high-value cash crops like tobacco, fruit, nuts, avocados and coffee.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com