There are no Reds under the bed, or in the pipeline

There is a whiff of Russophobia in the air, and it worries me. Critics who complain about the Germans, the French or the Spanish taking over chunks of British industry are even more vociferous about the spectre of the Russian bear and argue that the government should legislate to ban Gazprom from launching a takeover bid for Centrica, the parent company of British Gas.