UK

Britain is going through a difficult time, when its sustained ability to punch above its weight, economically and diplomatically, is ebbing. The end of irrational exuberance found the country ill at ease with itself, with rising inequalities and unhealthy nationalism, just when it needs to eat a slice of humble pie and be fleet-footed in recognising that many of the traditional pillars of its strengths are collapsing. The need is to recognise other supports and partners and find a new common purpose after the pandemic. I live in hope.

to (plan) b or not to b



An informative "breakfast briefing" I chaired looked less at a nominal "plan b" that everyone agreed would be the ideal way to go, and more at whether, given the uk's huge debts and intense global macroeconomic twitchiness, it could be carried out without dire consequences. Conclusions, if such they were, that unfortunately growth spending needs carving from current spend, and that there's nothing new under the sun, as this excellent video showed...