What we need to power future growth is not cheap labour but increasing productivity, greater competitiveness, more innovation and a more agile, cerebral management in both the public and the private sectors. But if we have indeed weathered the storm, some of our sails are looking rather shabby, and badly in need of a refit. But what sort of refit do we need?
And what sort of strategy must we devise to continue to face up to the turbulent world? Lessons we have learned We should be wise to acknowledge another of oilman Paul Getty’s maxims, this time on banking: If you owe the bank $ that is your problem. If you owe the bank $ million, that’s the bank’s problem.