London’s separateness from the rest of Britain becomes more pronounced every yearLondon has always been different from the rest of the country. But in recent decades the differences have widened to the point that, economically and socially, the capital now has little in common with the rest of Britain. The city may be hosting the Olympics in July, but none of those attending should kid themselves that they have visited Britain.

When Europe’s finance ministers meet for a group photo, it’s easy to spot the rebel — Anders Borg has a ponytail and earring. What actually marks him out, though, is how he responded to the crash. While most countries in Europe borrowed massively, Borg did not. Since becoming Sweden’s finance minister, his mission has been to pare back government. His ‘stimulus’ was a permanent tax cut. To critics, this was fiscal lunacy — the so-called ‘punk tax cutting’ agenda.