18 SEPTEMBER 1993, Page 25

Told you so

THIS WEEK'S candidate for the Told- You-So Club is Robin Angus of County NatWest (or, as he and I might prefer to call it, Wood Mackenzie.) 'The rate chosen for sterling's entry into the ERM,' so he wrote in his review of 1990, 'reflected the seedy bravado of a fat 50-year-old business- man who takes up squash as a New Year resolution, with probably the same oppor- tunities for making or breaking.' It took two years. Mr Angus is elected into mem- bership honoris causa.