Stephanie Flanders, "This entire global economic landscape that we have taken for granted over the last few years is just being picked apart" "Businesses could organise elaborate supply chains that we could take advantage of. The internet could develop and we never thought about the undersea cables. Gov could reduce defence spending and spend more on health" "All of these things are having to be rethought" "Green Party's Ellie Chowns is right, this isn't just about raising defence spending, it's about all of us facing a more expensive world" "Businesses needing an alternative to the Hormuz strait" "Britain needing an alternative to the US as an ally" Well said @MyStephanomics My view: The cheap, frictionless world we got used to depended on a remarkable amount of stability, and on risks staying out of sight. Now those risks are arriving as higher prices, disrupted trade and uncertainty over who we can rely on. Resilience will cost money. That means difficult choices about energy, infrastructure, defence and public services. But the cost of having no backup can be far greater when a vital route closes or a supposedly dependable partner changes course. Britain needs more options: stronger links with Europe and Canada, more secure energy and supply chains, and the ability to protect critical infrastructure. The goal should be to make shocks less able to hold the country to ransom.