PETER ATTARD MONTALTO: Don’t pop the champagne yet — energy reform is still a hazy plan

What happens when reforms start happening? When there is change, implementation shifts forward. The question is important for businesses’ thinking — generally sceptically — about the recovery. The hurdle is high, so might take some convincing, but equally, one doesn’t want to be “late” in recognising a turning point.

There is a first-mover advantage to a business recognising a turning point early, though there are costs if the business gets it wrong.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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