In actual terms, someone earning about £25K today is close to the average, and probably struggling to get by. But a hundred years ago, that would've been a very comfortable living. Two hundred years ago, that would've put you in the very wealthiest sector of society, with servants to do your bidding and every need catered for ( Read more... )

The ever excellent chris_dillow_fd has an excellent summary of the banks reaction to Northern Rock at Stumbling and Mumbling, and naturally I concur completely: This episode shows that many bosses don't really believe in free markets. Instead, they are like the slaggiest single parent. They pretend to be victims, and expect the state to save people from the ( Read more... )

Chris Dillow responds to the question: Iain Dale is inviting people to complete the sentence, "you know you're a Conservative when..."
OK. Here goes:
( 7 typical unthinking Tory positions )