By Ian Campbell
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
A sordid tale of excess and brutality, of a world dominated by journalists with their ears to the keyhole, of tyrannical newspapers wielding remarkable power and of a political class not only cowed, but consumed, by that power.
The previous UK government loved reviews and inquiries – and the new one is little different. From corporate governance, to pensions, to the structure of banks, those in Westminster relish a report, preferably one packed full of important-sounding recommendations but which compel no one to do anything. That’s because, very often, the problem being tackled is not one that can be easily or neatly solved with legislation or a slap on the wrist.
— Fiona Shaikh is Reuters’ Economic Correspondent, based in London. —
Stubbornly high inflation has proved something of an inconvenience for the Bank of England over the last year, but the unrelenting rise in prices is turning out to be a real headache for ordinary Britons — one which is likely to get worse before it gets any better.
So much for "Hilly-Milly".
Just last year U.S. Secretary of State Hillary Clinton gushed to Vogue magazine about former British Foreign Secretary David Miliband, calling the young diplomat a dashing addition to the international scene.