Such investment is in turn helping to fuel Britain’s economic recovery, and thereby prove the IMF’s doomsayers wrong. Some of this success is down to Britain’s historic advantages of language, timezone, trustworthy legal system and perceived attributes as a gateway to Europe.
The language part is, I think, important. But even more so is that legal system bit. And that’s the bit I worry most about the usual suspects screwing up.
We can see bits of it. The idea that HMRC should have direct access to bank accounts. That money possibly owed must be paid before an appeal is heard. The objections that so many have to the new trade deal: the objection seemingly being that it has clauses which hold governments to the promises that they have already made.
And this certainty of a air and efficient and entirely non-corrupt legal system really is important. Those Russians aren’t all in Cyprus because of taxes. They’re there so that they’ve a legal system they can rely upon.
We can get away with a lot of things without tanking the economy. Screwing up the commercial law isn’t one of them.