Britain is on course to becoming a 'second tier' European nation like Spain or Italy due to economic decline and a weak military that undermines its usefulness to allies, an expert has warned. Research professor Dr Azeem Ibrahim OBE concluded in a damning new report that the U.K. has been paralysed by low investment, high tax and misguided policies that could see it lose its standing as a top-tier middle power at current growth rates. The stark assessment weighed that successive government failures in regulation and attracting investment had caused Britain to miss out on the 'industries of the future'...