As a former Executive Director of the World Bank I know that the columnists of the Financial Times have more voice than what I ever had, and therefore they might need some checks-and-balances.
Would a child shouting out “the Emperor is naked” have his observation published in FT? Would he now need a PhD for that to happen?
Sir, in “Cheer up, Britain”, July 18, you describe how the UK is a safe place to live. Since in the market of safe havens there are many niches what the UK now needs is to find out how to get the most seigniorage out of that kind of security.