I fear for britain, at a time when its sustained ability to punch above its weight, economically and diplomatically, is finally ebbing. With the end of irrational exuberance, the country found itself in an especially difficult position, when the need is to eat a slice of humble pie and be fleet-footed in recognising that many of the pillars its strengths were built on have collapsed. The need was to recognise other supports and partners and embrace them. Instead, the country went in exactly the other direction. Not good.

good governance

Here I am, waxing lyrical in my latest column on a subject close to my heart, and also quite a familiar theme, "words people associate with the battle for economic growth include jobs, tax, transport, inflation, culture, housing and retail. Few list governance (though the economist did a week later)...

Attached File: menb12.pdf