A stunning timelapse of the Southern Lights captured from the International Space Station has inspired a new UK-led deep-space observation partnership. But while the footage is a reminder of the wonders beyond our atmosphere, the real question for investors is whether this venture can offer any return on taxpayer money. The government has announced a collaboration with Australian and Canadian agencies to monitor solar activity and its impact on satellite communications.
This is all well and good, but with gilt yields already under pressure from inflation and capital flight concerns, one must wonder if this is a sensible allocation of resources. The City will be watching closely; the last thing we need is another fiscal black hole dressed up as scientific progress. The market's verdict will be swift and unforgiving.
