27 MAY 2000, Page 31

Doing the splits

I SEE the dauntless Judith Mayhew as the circus artiste in a frilly skirt who can ride two horses at once. She has one foot in the saddle of the Corporation of London, where she chairs the Policy and Resources Com- mittee. As her predecessor, Michael Cas- sidy, explained, the Lord Mayor is the City's constitutional monarch, with the commit- tee's chairman as prime minister. Now she has her other foot on Ken Livingstone's show-pony. London's new Mayor is assem- bling a cabinet, and she has joined it to advise him on the City and business. This week he came to dinner with the Lord Mayor at the Mansion House and pro- claimed that the City had no future as a financial centre outside Europe's single cur- rency. The City, so I would have thought, has more faith in its own future than in the euro's. Who can have advised him to say it? Or, if he was just playing politics, where does that leave his adviser? Her double act will be hard to sustain, and harder if the horses start to move in opposite directions.