Will the new codes of the International Accounting Standards Board, with the move away from current fair-value rules, set us up straight again? Will they reach an accord with the US Financial Accounting Standards Board, so that we have a unified western system?
But while we are sorting out those books, who is keeping the accounts on the depreciation of the natural assets of the paradise isle and the costs of climate change and sea level rise? There was once a time when one could say “safe as the Bank of England”, but even that seems to have lost its currency!