A classic wheeze worthy of Mr Toad himself

People & Business

A note arrives from the DTI: "The New Knight of the Road. Industry Minister Greg Knight visits the International Motor Show."

Greg who? If you fail to recognise the name, I'm sure this publicity wheeze will put Mr Knight firmly on the map.

The note says the minister "will take to the road in his classic 1969 Rover P25B on Monday when he opens the Society of Motor Manufacturers and Traders Industry Forum office in Birmingham and visits the International Motor Show".

Somehow the note conjures up an image of a Mr Toad zooming along in an open-top car, crying "toot toot". The Mr Toad comparison increases when reading Mr Knight's itinerary:

"12.00 - Mr Knight arrives in his classic car ...

12.25 - Mr Knight gives short speech ...

14.00 - Mr Knight departs in his classic car ...

14.10 - Mr Knight arrives at the International Motor show- PHOTO OPPORTUNITY."

Toad would've been proud. Toot toot!

Mervyn King, chief economist at the Bank of England, was on sparkling form last night with a speech at the RCA in London. Its unpromising title, Monetary Stability: Rhyme or Reason?, belied its lively contents.

Mr King said he had worried the subject of the speech was innately boring, but then discovered a book in the London Library, "a quite brilliant piece of polemical writing from 1933 by JR Jarvie entitled The Old Lady Unveiled".

He was taken aback by its opening words: "The object of this book is to awaken the public to the truth that the Bank of England, commonly believed to be the most disinterested and patriotic of the Nation's institutions, has been since its foundation during the reign of William of Orange a private and long-sustained effort in lucrative mumbo-jumbo."

Phew. Mr King admitted the book was "highly critical of the Bank, and scathing about the qualifications and careers of its directors - the work is not mentioned in any history of the Bank nor in any relevant biography or bibliography, and nor was it known to anyone of my acquaintance".

Mr Jarvie had no time for economists: "No zealot, religious or political, can work himself up to such a white heat as a professor of the dismal science in defence of a theory."

The book also recounts a tale about Montagu Norman, a famous Governor in the inter-war period, who often travelled abroad under an assumed name. In 1932 he adopted the disguise of Professor Clarence Skinner in the US.

I wonder if this will give Eddie George ideas? Time to reprint the book, I think.

Kleinwort Benson Securities has poached the three-strong retailers team from Charterhouse Tilney, but strenuously denies it is encouraging the "merry go round" for analysts.

While analysts hop into ever more highly paid positions, Edmond Warner, head of global research at KBS, says he is merely filling a gap.

"Last month our retailers team went to Merrill Lynch. There were four of them, which was overmanning."

The three Charterhouse analysts, who are all moving from Liverpool to London, are Robert Miller, 33, Rod Salmon, 35, and Scott Ransley, 26. "They're quite young, so they're still very hungry," says Mr Warner.

"This year in London we've probably added about 30 analysts, mostly in continental Europe [stocks]," says Mr Warner. He admits, however, that the current phase of job hopping looks to continue. It will only cool off if the markets crack or corporate activity quietens down, he says.

Sir Alistair Hunter, who retired as British Consul-General in New York at the age of 60, has been appointed executive chairman of the British American Chamber of Commerce in London.

The two-day-a-week job will bring him into contact with another retired diplomat, this time from the States; Raymond Seitz, former Ambassador to the Court of St James, who chairs the BACC's international advisory board.

Sir Alistair spends the rest of his time as a director of the Performing Rights Society, and sorting out his three homes. Moving back from New York has been quite an upheaval, it appears.

Start your day with The Independent, sign up for daily news emails
PROMOTED VIDEO
ebooks
ebooksA special investigation by Andy McSmith
Voices
A mother and her child
voices
Voices
The veterans Mark Hayward, Hugh Thompson and Sean Staines (back) with Grayson Perry (front left) and Evgeny Lebedev
charity appealMaverick artist Grayson Perry backs our campaign
News
Tax now accounts for ‘nearly 80%’ of the price of a bottle of whisky
news

Arts and Entertainment
Peppa Pig wearing her golden boots
film

"Oink! Oink! Hee hee hee!" First interview with the big-screen star

Life and Style
tech

Biohacking group hopes technology will lead people to think about even more dystopian uses

Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Ashdown Group: Product Manager - (Product Marketing, Financial Services)

£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...

Recruitment Genius: Compliance Assistant

£13000 per annum: Recruitment Genius: This Pension Specialist was established ...

Ashdown Group: Market Research Executive

£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...

Recruitment Genius: Technical Report Writer

£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...

Day In a Page

Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Maverick artist Grayson Perry backs our campaign
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

Assisted Dying Bill: 'I want control of my life'

This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Paul Scholes column: The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him

Paul Scholes column

The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him
Frank Warren column: No cigar, but pots of money: here come the Cubans

Frank Warren's Ringside

No cigar, but pots of money: here come the Cubans
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee