We use
cookies
and other data for a number of reasons, such as keeping FT Sites reliable and secure,
personalising content and ads, providing social media features and to
analyse how our Sites are used.
Philip Stephens is a contributing editor. He was also previously associate editor, director of the editorial board and chief political commentator. He writes on global and British affairs.
Add to myFT Digest
Add this topic to your myFT Digest for news straight to your inbox