Business: Time to Be Bullish on Britain?

When it comes to money, Britain's problem for years has been where and how to borrow enough to keep its rickety economy going. Now the British government faces exactly the opposite question: how best to spend the $40 billion or so that will flow into the national treasury in the next seven years. That is obviously a happy problem, but a problem nonetheless: while a right decision offers Britain the chance at last to break decisively out of the cycle of ravaging inflation and high unemployment in which it has been trapped, a wrong...