Jobs and growth figures won’t be steady and resilient without a Brexit deal
Taken at face value the latest employment figures and last year's GDP growth defied the doomsayers. They were better than the City expected and, for those sitting inside the Treasury, supported the view that Britain's economy remains, in the finance ministry's parlance, steady and resilient.
The number of people in employment hit a record high and the percentage of those aged 16 to 64 in the workforce was at its joint highest since 1971. Job vacancies were at an all-time high and wages growth ticked higher to 2.4%.
Davos is a Swiss ski resort now more famous for hosting the annual four-day conference for the World Economic Forum. For participants it is a festival of networking. Getting an invitation is a sign you have made it - and the elaborate system of badges reveals your place in the Davos hierarchy.