Honours and rebels

With the government and the opposition flogging peerages to raise money for party funds, Radio Four decided to look back at the 1920s master of this practice, the former Liberal prime minister David Lloyd George, and J. Arthur Maundy Gregory, the crook he used to negotiate prices (The Man Who Sold Peerages, Easter Saturday). Matthew Parris told the presenter Shaun Ley that it was one of the three worst political scandals of the 20th century. We don’t know for how long the present government has been doing this and the exact going rates it charges, but back then a knighthood would set you back £10,000, a huge sum, more than £25,000 for a baronetcy and goodness knows what for a hereditary peerage.

Lloyd George’s problem after the first world war was that he was estranged from the Liberals, governing with the Conservatives in a coalition, and he needed money for his election campaigns, which was collected in an account known as the Lloyd George Fund.