“As many people have chronicled, the decision to fight in Vietnam was a years-long accretion of step-by-step choices, each of which could be rationalized at the time. Invading Iraq was an unforced, unnecessary decision to risk everything on a 'war of choice' whose costs we are still paying.”

“Housing associations have fingered the fact that they cannot use their assets as liquidity due to Bank of England rules unlike their continental equivalents. This has emerged to be one of the main bottlenecks to getting investment going in the U.K. It is a Bank of England issue.”