Letter: Nightmares after the reshuffle

Sir: I read that the deposed Chancellor is expected to take up lucrative directorships in the City. May I remind those who may be considering such an appointment that, after the also-deposed Baroness Thatcher agreed to advise the American company of Philip Morris, the shares in that company almost halved in value. Shareholders beware]

Yours faithfully,

S. GWYN JAMES

Aylburton, Gloucestershire