Portrait of the Week: Knighthoods, Northern Ireland and Mick Jagger

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The British economy contracted by 0.3 per cent in April after shrinking by 0.1 per cent in March, according to the Office for National Statistics. Wages by April were 2.2 per cent lower in real terms than a year before, and economic inactivity fell by only a smidgen (0.1 per cent) to 21.3 per cent. Kwasi Kwarteng, the Business Secretary, urged the Competition and Markets Authority to see whether a 5p cut in fuel duty, from 58p to 53p a litre, was being passed on quickly enough to drivers. VAT at 20 per cent is charged on the price including duty. The Duke of York, on family advice, took no part in the Garter Day procession to see the Duchess of Cornwall and Sir Tony Blair installed.

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