Britain’s core issue in my view is essentially underspend in infrastructure and misallocation of resource via bad planning etc rather than “high taxation”, although the latter doesn’t help. (View Post)

Dubai - like Singapore - is an entrepot. It’s funded by immense oil wealth and has carved out a small niche as a centre for Middle Eastern and to some extent Indian trade. It’s also run on very cheap… (View Post)

Dubai is a success. But it used oil wealth (which used to provide 50% of its economy) to seed the infrastructure roll-out required to become an entrepot. That’s fantastic, but the point is this is no… (View Post)

“Sclerotic” Denmark is now home to the most valuable company in Europe. And Lego does very well, too. (View Post)

Hunt was brought in to soothe market panic. However we shouldn’t think that the market thinks all the problems are solved, we are still in a very twitchy phase. Hunt obviously wishes to stand down at… (View Post)