Rotary club thinking won’t help British business to innovate

As Boris Johnson steers a safe course, productivity stagnates and graduates are stuck in mundane jobs

Contentment rules in Britain's boardrooms. That was clear from the surveys last month showing business confidence on the up.

The Bank of England recognised the cheery mood in its latest review of the economy when it said the turnaround, though modest, was enough for the majority of its nine-strong interest rate-setting committee to abandon any thoughts of a cut in borrowing costs.