The Spectator

Portrait of the week | 4 February 2012

issue 04 February 2012

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Fred Goodwin, the former chief executive of the Royal Bank of Scotland, was stripped of his knighthood by the Forfeiture Committee, which said he had ‘brought the honours system into disrepute’. Stephen Hester, the chief executive of the Royal Bank of Scotland, turned down a £963,000 shares-only bonus payment in the face of ‘enormous political pressure’. The Institute for Fiscal Studies said that the government was borrowing £2.9 billion less this year than expected and that there might be room for tax cuts in the budget next month. A man in Bournemouth found blue spheres of jelly an inch across on his lawn after a hailstorm.

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David Norris and Gary Dobson said they would appeal against their convictions for the murder of Stephen Lawrence. Police arrested two current and two former journalists at the Sun and a policeman in an operation investigating payments made to police by journalists.

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