People and Business

One thing intrigued me about this week's two-day Monetary Policy Committee meeting at the Bank of England. What did the eight members do on Wednesday evening, half way through the talks?Were they bussed to a hotel, like a trial jury, in order to guard against details leaking out? Were they simply told not to blurt anything out on the train home? Or did they all stay in the office? Did Eddie George hold a pyjama party at Threadneedle Street... My fevered imaginings were swiftly doused yesterday by a spokeswoman from the Bank, who assured me the MPCmembers went home as usual. "Routine confidentiality arrangements apply to all employees of the Bank. The Committee members do go into a period of purdah (from journalists) for a week before the meeting and a day afterwards. But they are already used to dealing with all sorts of sensitive information," said the spokeswoman. In fact, a two-day meeting might even aid decision-making, since the members do most of the discussing on Wednesday and then have a chance to sleep on their decision.

Congratulations in advance to Ian Byatt, the water regulator, on his impending nuptials next week to Dr Dierdre Kelly, a specialist in liver diseases at Birmingham Children's Hospital. The wedding will take place in a registry office, followed by ables sing in Birmingham Cathedral, and then a honeymoon in Dr Kelly's native Ireland. As I'm sure you know, Mr Byatt was previously married to ASByatt, the famous author, who herself is now married to Peter Duffy, a fund manager who was formerly an editor of the Daily Telegraph's Questor column. Good luck to James Bethell, former author of this very diary column, who is helping to launch Ministry Magazine today in his capacity as head of media at the Ministry of Sound nightclub in South-east London. The warehouse-turned-rave-venue, owned byJami e Palumbo and located in the otherwise unappealing Elephant &Castle, is launching its own "lifestyle" magazine for clubbers. The joint venture with Dennis Publishing will kick off with a 120,000 print run. James claims they have received 5,000 subscriptions even before hitting the streets. "The first issue covers everything from herbal ecstasy to the booming bisexuality scene, " he enthuses. He's certainly come a long way from writing up Fyffes's interims. The British public were nearly robbed of this unique literary event when burglars nicked all the club's computers, but thankfully not before the first issue of the mag had been put to bed, he says. Where you or I may have just gone to a disco in our youth, dear reader, the men from the Ministry aim to spin a media empire off the original club, with radio stations, Internet sites and record companies all in various stages of development. Sadly,last weekend's press suggestions of a pounds 20m offer by Sony to buy the Ministry's record label seem wide of the mark. However, I'm sure someone like Richard Branson will come along and snap the lot up before long.

A growing number of motorists are going "on the wagon" and not touching a drop of booze, according to figures compiled by Dial Direct, a motor insurance company. The analysis of insurance claims shows that nearly a fifth of motorists applying for cover c laim to be teetotal. Good news for safety campaigners, it seems. But the surprise findings don't end there. Declared "non-drinkers" are making between 5 and 10 per cent more insurance claims than those car drivers who declare they enjoy the occasional tipple. Mike Elkin, Dial Direct's marketing manager, suggests the sad explanation for these findings is that "some motorists are being economical with the truth about their drinking habits when providing information to us". Surely not. Make mine a treble...

Some musical chairs at the top of the drug companies. Novartis has appointed Jerry Karabelas as head of its healthcare business worldwide and chief executive of pharmaceuticals, starting next year. Mr Karabelas, 45, currently executive vice president with SmithKline Beecham, will succeed Pierre Douaze, who will retire, SmithKline has recalled Howard Pien from China to replace Mr Karabelas in North America.

Start your day with The Independent, sign up for daily news emails
News
ebookA unique anthology of reporting and analysis of a crucial period of history
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

Guru Careers: Software Developer / C# Developer

£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...

Neil Pavier: Management Accountant

£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...

Sheridan Maine: Commercial Accountant

£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...

Laura Norton: Project Accountant

£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...

Day In a Page

Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine
Letterman's final Late Show: Laughter, but no tears, as David takes his bow after 33 years

Laughter, but no tears, as Letterman takes his bow after 33 years

Veteran talkshow host steps down to plaudits from four presidents
Ivor Novello Awards 2015: Hozier wins with anti-Catholic song 'Take Me To Church' as John Whittingdale leads praise for Black Sabbath

Hozier's 'blasphemous' song takes Novello award

Singer joins Ed Sheeran and Clean Bandit in celebration of the best in British and Irish music
Tequila gold rush: The spirit has gone from a cheap shot to a multi-billion pound product

Join the tequila gold rush

The spirit has gone from a cheap shot to a multi-billion pound product
12 best statement wallpapers

12 best statement wallpapers

Make an impact and transform a room with a conversation-starting pattern
Paul Scholes column: Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?

Paul Scholes column

Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?