A fine old row broke out over an unpublished book, Off Whitehall, by Mr Derek Scott, a former economics adviser to Mr Tony Blair, the Prime Minister. It detailed arguments between Mr Blair and Mr Gordon Brown, the Chancellor of the Exchequer. A spokesman for the Chancellor called it ‘deliberate peddling of lies’ and did
After Wednesday’s Tube strike, most Londoners will have decided again that the only solution is a bicycle. But there’s a dark side to cycling in the city. Since I bought my first bike a year or so ago I have been astonished by the outbursts of spittle-flecked fury pedestrians unleash upon cyclists. Any minor deviation
As any investment banker will tell you, share prices in ailing companies rarely go down in a straight line. The process of decline is typically punctuated by periods of stagnation, known by technical experts as a ‘false bottom’. But these treacherous episodes are not nearly as perilous as the moment when a share price in
There was one thing surprisingly absent from last Monday’s handover of Iraq’s sovereignty by Paul Bremer, leader of the Coalition Provisional Authority, to Iyad Allawi, Iraq’s new Prime Minister. It wasn’t an extravagant ceremony involving a star-spangled banner lowered to the accompaniment of a military band and a tearful speech by Paul Bremer. It was
