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The recent decision to expand Heathrow is the latest in a catalogue of blunders stretching back to 1968. Why are UK governments so bad at decisions of this kind? Adversarial government, the tyranny of the minority, bogus quantification and a short-term focus on newspaper headlines are all to blame.
We need more infrastructure spending. With long term interest rates around zero and a sluggish economy, the opportunity seems obvious. And with a new...