London

Do we really mean to kill investment banking, or are we trampling it by accident in a fit of righteous zeal? By ‘we’ I mean politicians, regulators and public opinion, and by ‘kill’ I mean rendering it unattractive or unviable for any shareholder-owned financial business except on the most limited scale — and as uncertain a career choice as, say, Liberal Democrat politics or freelance journalism. The announcement last week of a radical scaling back of Barclays’ trading and deal-making arm has stoked a debate that had been smouldering for some time; for background reading, I recommend recent articles by Philip Augar in the FT and Frances Coppola in Forbes.

Mr S attended the international rugby union 7s tournament at Twickenham on Saturday, which was graced by some 76,000 people – mostly yuppies on the razzle by the look of things. I regret to report that this crowd of genteel, if beery, English people loudly and roundly booed the Scottish team. The Scots ran in several tries against the hapless Portuguese, and each score was met with open resentment, while every Scottish handling error, missed tackle or infringement was cheered with glee. The noise was shattering, the atmosphere hostile. No other team received a barracking (as is right: booing is abhorrent). Even the Australians, who are the default villains at Twickenham, were given a measure of respect. When

The new Shangri-La hotel opened its doors to Mr S last night. Located on floor 35 of The Shard, the luxurious establishment was only, in fact, semi-open, since three ‘signature suites’ and an infinity pool are yet to be unveiled. The exhibited areas were abundant in opulence and splendour. The great and the good of luxury journalism were out in force. William Sitwell, editor of Waitrose Kitchen, Mark Palmer, travel editor of The Daily Mail and The Guardian’s Amelia Gentleman were all present to admire interior designer William Leung’s latest venture. All other glamorous guests appeared to have got lost in the lift on the way up. Entertainment included a

It used to take one hour and forty five minutes to get by train from where I live in Canterbury to central London. Now, as a consequence of HS1 and the rather annoyingly named “Javelin”, it takes a little over fifty minutes. There is not the remotest doubt that the new service has greatly improved the prosperity of the area, and made life more pleasant for the likes of me. An entire swathe of south-eastern England has been suddenly rendered commutable as a consequence – a good thing, seeing the cost of housing in London. (I don’t commute, as it happens, I ought to add.) The trains are frequent, reliable

As Michael Bloomberg approached the end of his time as Mayor of New York, Americans expected him to run for the White House. He had the money, the profile and the ego to be President. But the problem, as it turned out, was his ambition — he had too much of it to settle for the Oval Office. As he put it: ‘I have my own army, the seventh largest in the world. I have my own state department and I don’t listen to Washington very much.’ His ambition, it turns out, was not to be the next President of the United States. He wants to be Mayor of the World.

Everyone can see that the West has no idea what to do about Russian power in the Ukraine. Britain, in particular, is at the margins. It is time for the Mayor of London to fulfil his historic role of stealing a march on more conventional politicians. Boris should take a leaf out of President Putin’s book and call a referendum of Londoners. He should ask them whether they would like all Russian housing in London to be seized, and be inhabited, instead, by British families. I predict a Yes vote whose percentage would exceed even that of the recent Crimean plebiscite. Obviously the Mayor, unlike Putin, has no military forces

How easy is it to buy your way into the British establishment? On this week’s View from 22 podcast, Harry Mount and journalist Ben Judah discuss whether Britain has become a bankrupt country. Why are so many Russians throwing hordes to cash to buy their way into new Britain? How are Prince Charles and Tony Blair involved? And is it a good thing that the establishment is regenerating itself? Fraser Nelson, James Forsyth and Isabel Hardman also analyse George Osborne’s fourth budget — what the announcements mean, the winners and losers, how the Chancellor has carefully targeted Ukip, the significant changes for pensioners and Ed Miliband’s meek response. Plus, Fraser