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May 9, 2012


You don’t hear that phrase much these days (especially from ConDem spokespersons). Perhaps it’s because the stats for this last year—the year that Osbo forecast we’d start to see the positive effect of a paper money mountain for his banker chums to sit on—don’t look good for the peasants who aren’t among the twenty Cabinet millionaires.

While those of us whose closest approach to Eton was a walking tour of Windsor, wages last year rose by 1%. And, while FTSE100 companies (& your pension pot) lost over 7% in value, compensation for their Chief Execs for climbing in and out of limos went up 11% to £3.65m. At the same time, the Second Baron Lord Strathclyde was protesting that the Conservatives “are not the rich and posh party“.

Aye, right.

But as a Belgravia mafia supplants the Islington mafia in fleecing the rest of us, a much more subtle, widespread…

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