Ashby's Answers: How will UK plc hold up as tide goes out?

Warren Buffett famously said in early 2002 ‘you only find out who is swimming naked when the tide goes out'.

Almost a decade after these words were spoken, Silvio Berlusconi’s removal from office is a welcome reminder that volatile capital markets will eventually demand we must all be suitably attired, and will reveal those that are not. Mr Berlusconi will no doubt blame the press, the opposition, and political leaders in other countries for his removal from office, but the simple fact of the matter is he has presided over ten years or more of extremely anaemic economic growth when the BRICs have been booming, and the economic growth reported by the Italian government was a mirage based on incr...