18 SEPTEMBER 1993, page 25

On Merrett

I ALWAYS expected to see Stephen Mer- rett as Chairman of Lloyd's, and I dare say he did too. His father was a hero of Lloyd's, and he himself led the market and stood on his......

Small Town In Germany

THE CITY of London has pitched for Europe's central bank in rather the same way that the City of Manchester has pitched for the Olympics. The campaign has been a good......

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......

City And Suburban

One year on, we still have a policy that fits like a bell-tent CHRISTOPHER FILDES T his time last year we had an economic policy. In fact, we had two, both wrong, with the......

Capital, Capital

KENNETH CLARICE has to start some- where, but the cash freeze he proposes for public sector pay is a ragged start at best. This Government works on the over-simple notion that......

Mad Wednesday

THE DAY when the old policy collapsed was at once terrifying and crazy. A friend of mine knew the jig was up when he saw a high official of the Bank of England, beck- oned by......