The Labour Government 1997 - 2010 steadily degraded the public value it placed on the defence industry, as illustrated in the honours it prevailed upon the Queen to bestow twice a year. Whereas in days of old the heads of the very largest companies might expect to get knighthoods, with a goodly sprinkle of "gongs" throughout the lower echelons, the very last list Labour prepared, and which was announced today, is reduced to a mere single OBE and two MBEs. "We hate you" despite your contribution to exports, jobs, investment in technology and not least re-equipping the fighting army for two unpopular wars in two distant countries, could not be more clearly written. As is the message once more reinforced to the country's young people, growing up on the pap of meaningless misbehaving celebrity, that "social work", football or marrying an ageing Hollywood actor was far more important in Labour's Britain than manufacturing industry. We look to the Liberal Conservative Coalition to start the process of re-orientation at the New Year. After all, it's a cost-free process!