Bye, bye Basel: Shielding Europe's banks

Talking Britain down: Martin Wolf draws attention to the myriad flaws of the British economy in this piece. The piece relies on a paper by Simon Tilford of the Centre for European Reform, which we linked to the other day.

"British economic policymakers confront big challenges. They have to manage departure from the EU with the minimum damage. They also need to make the UK economy far more dynamic. The latter cannot be achieved if they do not abandon the myth that Britain is already an economic success, albeit one choked by the dead hand of an over-regulated European economy"