A foxy Chancellor knows many things, but a hedgehog learns the hard way

Tutti possono sbagliare: we can all make mistakes, as the hedgehog observed, getting down from the hearth-brush. Whether our prickly Chancellor is a student of Italian proverbs, I cannot say, but he could learn from this one. In the five and half years since he auctioned half the nation’s gold reserves, the price of gold has doubled.