Turn the argument around. Instead of asking whether we should spend 1% of GDP on (a highly dubious, cost wise) insurance pland against climate change, ask what would be the best insurance scheme for 1% of GDP?
More pointers to a failure of regulation. Turns out the Government did indeed have figures showing how bad things were getting in advance.
It's not just in the UK that the public sector fat cats' pensions are unfunded.
Why it isn't in fact the end of the world. At least, not yet it isn't.
Sadly, while we'd really like to know what to do now we're still arguing over what happened 75 years ago.
Bureaucracy in action. The FSA is shouting at the Halifax for doing something that the FSA insisted the Halifax did.
And finally, it's grim oop north.