It all boils down to the same thing. The French are preparing to outdo everyone and launch massive cuts in government spending.
Meanwhile, at Number 11 Downing Street, George Osborne has been burning the midnight oil. You can imagine the ideas clashing in his head: “Should I increase VAT or capital gains tax, should Gerard play up front, what shall I do about income tax and corporation tax, and what about Joe Cole. Should I ring Vince and see what he thinks, or better than that, what would Fabio do?”

But forget about management, there’s the men and women who matter to consider. In China a wave of strikes is being greeted with glee in the West because worker power is what the economy behind the Great Wall needs, or so they say. But in Blighty, the CBI is worried about the unions and wants to see their power curtailed. And yet surely the workers are right on this occasion, and it is time that Capello listened to what John Terry has to say.

Still, all that glistens is not gold, but that’s not the way one wealthy oil exporter sees it. And that is perhaps the real problem, and no tinkering with the team can fix that.

See: China prepares to appreciate currency
Osborne makes finishing touches as France looks for light touch
Union unrest, good or bad?
When it comes to the economy, gold does not glisten

© Investment & Business News 2013