The Week

Leading article

Cyber insecurity

The NatWest banking disaster is an ominous reminder of the way in which technology has come to control our lives. We now know what a proper IT collapse feels like: a piece of computer code goes wrong and, within days, bank machines shut down and chaos ensues. This week the stories range from unpaid bills

Portrait of the week

Portrait of the week | 30 June 2012

Home A computer failure left millions of customers of RBS and NatWest without access to their money for days; a man was held in jail over the weekend because his bail payment could not be traced, and other customers feared that their credit ratings would suffer because of missed payments for mortgages and regular direct

Diary

Diary – 30 June 2012

The details for my appearance at the Leveson Inquiry arrive. ‘If Mr Walters is content to walk through the public entrance to the RCJ, Bell Yard North One is closest to the Hearing Room. Could you provide names of anyone accompanying Mr Walters in order that we can reserve seats in the public gallery.’ It

Ancient and modern

Ancient and Modern: A tax on luxury

The Chancellor is desperate to get more cash into his wallet. Why not try the old trick — a tax on luxuries, or rather, an even greater tax on luxuries? True, it might not bring in much, but it plays well with the voters. Suppressing luxury was always a big hit in the ancient world.

Letters

Letters | 30 June 2012

Hunting for real Tories Sir: It is interesting to note that more than 10 per cent (four) of the 39 Tory MPs who comprise the Free Enterprise Group, which your correspondent James Forsyth assures us is full of young radicals determined to lead a fightback from the Tory right (‘Next right’, 23 June), are committed