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‘Do you still hate bankers?’ asked an old friend whom I hadn’t seen for years, having himself made a good career in overseas banking. Not at all, I said, and I never did. It’s been my mission to shame bad ones, but there are many I have liked and admired. Among those was Julian Wathen, a Barclays overseas veteran who has died aged 93, and whose story illuminates one key fact: at least today’s bankers don’t get shot at. As manager of the Limassol branch in Cyprus in 1956, Wathen survived being shot through the neck by an Eoka gunman who, the Times reported, ‘walked into his office, fired, and

 Kenya I met Dr Tom Catena in Sudan’s Nuba Mountains — the site of an African war and famine few have even heard about — in a hospital overflowing with children. I saw bombs had ripped away their arms, flying shrapnel had taken out a baby’s eye, anti-personnel mines had shredded legs to jagged bone and ribbons of gangrenous flesh, infants suffering kwashiorkor and the other horrors of malnutrition. Inspired by St Francis of Assisi, ‘Doctor Tom’ has worked almost every day, all day, since he arrived as the only surgeon for the Catholic hospital in Nuba nine years ago. I asked him: ‘Why do you stay?’ He replied: ‘There’s no

The people I feel most sorry for in the wake of Theresa May’s shock announcement are not moderate Labour MPs, nor even the pollsters, who really will be in trouble if they get another election wrong. No, it’s the bankers’ wives of west London. If the EU is going to be the No.1 issue in the campaign, and the Tories are standing on a pro-Brexit platform, how will the poor dears vote? On the one hand, they were very, very angry about the outcome of the EU referendum and, even today, they’re not above buttonholing leavers at cocktail parties and giving them the hairdryer treatment. They regard David Cameron as

Exactly a year ago today, George Osborne was busy unveiling the Treasury’s famously doom-laden analysis about Brexit. Now with his six jobs and bulging bank balance the former chancellor is busier than ever. But the worries he spoke of about economic uncertainty have failed to materialise, and the prophecies of misery foretold by Project Fear are nowhere to be seen. The Daily Mail says the Treasury document ‘formed the centrepiece of Project Fear and deployed a barrage of apocalyptic forecasts’ about what would happen if Britain voted Leave. In reality, the paper says, only one in ten of Osborne’s predictions have come true – and the ‘the worst ones have

Just as some people can remember where they were when they heard that President Kennedy had been shot, I can still recall where I was when I heard that the state pension age for women was to rise from 60 to 65, incrementally between 2010 and 2020. The year was 1993 and I was standing in the kitchen of my first-ever house, listening to the one o’clock news on Radio 4. The change was then widely debated and incorporated into the Pensions Act 1995. More recently, the move to a retirement age of 65 for women has been speeded up, but only slightly so that it will now be in

There’s no such thing as a free lunch — and Owen Jones is quickly discovering that there’s also no such thing as a free jacket in a fashion shoot. The Guardian journalist has come under fire over his decision to model a £1,080 jacket while discussing the ‘collapse of capitalism’ with the men’s magazine. While Jones has since dismissed the criticism as ‘surreal’, Mr S is sorry to report that there is further bad news regarding the pricey attire. The designer Jones is ‘modelling’ is Corneliani. The menswear label is owned by Investcorp (with the company purchasing a 55pc stake in Corneliani in 2016), which is a Bahrain-based private investment bank. As an ardent campaigner against the

The BBC made much this week of a recording, from 2008, of one Barclays manager instructing another to submit artificially low rates into the daily interbank Libor fixing because ‘we’ve had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower’. How shocking is that? Well, perhaps not as shocking as it looks — even if it appears to contradict select committee evidence given by the Bank’s former deputy governor, Sir Paul Tucker. The latter part of 2008 saw a liquidity panic in the City, in which the interbank lending market all but froze. Spikes in Libor would have given the impression

Aintree’s Grand National festival is well underway, with the ladies of Liverpool making the most of the unseasonably warm weather. It’s not just the champagne bars that will be doing well for themselves, though. The nation’s bookies also benefit hugely from today’s Grand National race; it’s estimated that a quarter of the UK’s adult population will have a punt on it. The thing with the National is that with so many horses taking part, how on earth can you choose a winner? When there are 12 or so in a flat race, the probability of picking a winner is much higher. But with 40 horses to choose from, and the