Which is hardly surprising. Even if the outlook for the UK economy is improving, there still remains the problem of our huge and growing national debt. Measures to deal with this, whether by cutting public sector spending or raising taxes or both, will hamper growth in the economy. In parallel with which, high taxes on business will hamper their recovery and for individuals their personal wealth.

The Times: Now Ratcliffe and about 20 other senior executives believe they must leave Britain if they are to repair the company’s finances. Ineos was badly hit by the recession and is struggling to cut £6 billion of debts.

The move, which will cost the Treasury hundreds of millions of pounds, has been approved by a group of banks owed money by Ineos. Its lenders include two banks bailed out by the British taxpayer — RBS, which is 84% owned by the state, and Lloyds, 41% of which is in public hands.

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For politicians and Brits stuck dealing with the mess, it is a bitter pill but he’s not the first and won’t be the last.