Amid a European slump, the good news is rising opportunities in Asia, Latin America and the rest of the world. Last month, UK trade in goods there eclipsed our European exports for the first time since the 1970s. The Prime Minister has made global trade a foreign-policy priority, and this should be bolstered by domestic reform to help shield business from the looming eurozone meltdown. We can’t dictate eurozone policy, but we can find savings to cut corporation and payroll taxes further, giving our firms the best chance of swimming against the perilous European tide. Likewise, slashing the red tape facing small businesses, and striking out bogus employment tribunal claims, would cut business costs and boost job creation. This is the moment for a major supply-side shot in the arm.