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Nice point about the difference between the UK and Swedish economies made by Larry Elliott in the Guardian on Monday (my emphasis)

The Swedes are enjoying the sort of export-led recovery the prime minister and the chancellor have sought in vain for the UK. Of the 1.4% rise in Swedish GDP in the three months to June, net exports contributed 0.8 percentage points. So much for the idea that developed countries, with their high wages and generous welfare systems, can no longer cut the mustard in cut-throat global markets. So much, also, for the idea that countries that opt for high levels of taxation to fund social security programmes are inevitably inefficient and uncompetitive.

The Guardian, Monday, 30 July