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The Conservatives head for their annual conference in Birmingham divided and with much on their mind.
Central banks are facing an increasingly difficult political landscape, in which major governments are acting in a way that is either unconstructive for global financial equilibrium or outright destabilising for it. The gap between what the politicians consider important and what the central bankers are trying to achieve is widening.
It is a commonplace to say that the rate of change in the world today is faster than it has ever been. From Artificial Intelligence to cryptocurrencies, from social media to Virtual Reality, technology is radically changing our world. But we think the biggest change of the 21st century has barely begun.
This is a special time of year for UK politicians, as the summer recess is over and politics resumes. The autumn is party conference time, traditionally a time of hope and renewed enthusiasm, a time to meet friends and rekindle spirits, maybe even a time to dream a bit about opportunities ahead.