Like Argentina's Falklands gamble, the dramatic gesture of Brexit is set to backfire

Be it The Great British Bake Off or the fanaticism of support for Team GB, the signs of Britain's demise have been there for some time

Decisions have consequences. Most children know this, or learn it very quickly from experience. Those who don’t are doomed to suffer at some stage. Unfortunately, the same is true for countries.

Argentina was one of the most prosperous countries on earth less than a hundred years ago. Since then the tempting allure of populist delusion has trumped the heavy-lifting of hard choices, and it has sunk ever deeper into relative decline.

The Falklands ...