Any other business: Double dip or not, history says morale may take two more years to recover

This week marks the 20th ­anniversary of John Major’s election victory and my debut in The Spectator. The two events were connected: going to press on the eve of a close poll, the editor needed one more non-political feature — and pulled my essay on the follies of the 1980s City out of the pile of unsolicited submissions.