Storm in a coffee cup

It is a sign of the times that nearly eighty years ago, as depression swept the western world, the British Empire or what remained of it sat down, brewed a nice cup of tea then tried to figure what went wrong.

Today as the greatest minds in Europe plus our own Prime Minister prepare for the April G20 summit, the true state of the British economy is brought home, not by an infusion of leaves from Ceylon, but by that standard bearer of globalisation, Starbucks.

NIMBY ... or not in my back yard until “buddy can you spare a loan?” – all currencies accepted

For those with a long memory, you might recall that globalisation was touted as a sort of business panacea; embrace this concept and all will be well with international trade. A keen supporter, surprisingly, turned out to be Bin Laden himself (or perhaps one of the 20 plus people the CIA believe might be him.) He appeared in a video wearing a Taiwanese watch; carrying a Chinese Kalashnikov; speaking into a Japanese camera; and transmitted via a US satellite uplink, espousing his particular version of the Internationale.

Ah, things were so simple then. Now, it is not a good time to be a foreigner in a globalised, UK, world. Workers at nuclear power plants in Sellafield, and Heysham joined oil refinery workers at Lindsey to protest at the employment of non UK nationals, leading Lord Mandelson to proclaim that the strikers were pursuing the “politics of xenophobia”.