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Just read in Airport World the Chinese are building a new airport (Beijing or Shanghai – cannot remember which) for about £12 bn. Perhaps we should ask the Chinese to build it? I bet they would even fund it! Then we could sell the revenues in an Athens type deal to Goldman Sachs, pay back the Chinese and live happily ever after!

Or am I being a bit cynical here?

Seriously, sadly Becky you’re probably right. I just wonder why we can’t build large infrastructure projects on budget and on schedule? I look at the new Gotthard train line tunnel, the longest in the world, in Switzerland. Planned 20 years ago, nearing completion, on time and under its CHF 12 bn budget! Britain was a world leader in brave and daring large scale infrastructure projects, what on earth went wrong?