© The Financial Times Ltd 2015 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
Neil Collins has been writing about business, finance and economics nearly all his working life. He was City Editor of the Daily Telegraph for 19 years.
He writes the On London column on Saturdays and sits on the boards of two investment trust companies.E-mail Neil Collins
To receive an email alert for Neil Collins, sign up at the top of any his columns.