Money

In they pour, one after another, cheerily thudding on to the doormat: ‘Thank you for insuring with us again! Now, pay us more than you earn in a year!’ Yes, it’s insurance premium renewal time – and they’re shooting up once more. Insurance premiums have swollen unstoppably, expanding upwards for all the world like a batch of evil mushrooms. In our household, home insurance alone now comes in at the same size as a monthly mortgage payment. Whack on to this car insurance (necessary), pet insurance (necessary?) and health insurance (in this day and age, yes), and you’d have to be earning the annual equivalent of Andorra’s GDP. What are

There are many, mutually reinforcing causes of the property crisis: it is too easy to borrow; there are too many people; there aren’t enough houses; what houses do exist are in the wrong place; and many houses have the wrong people living in them. Solutions exist to all of these, some of which involve building and some of which don’t. In south-east England it is not uncommon to find people living in£1 million homes who are skint Today we are going to focus on the fifth problem. Too many people are living in houses which are too big for them. In south-east England it is not uncommon to find people

Anyone hunting for a ‘Trump trade’ at this late stage has probably missed the US election bus. If you bought gold as a traditional safe-haven asset back in February at £1,600 an ounce, you’d be a smug 33 per cent up by now – though my man in the bullion market tells me the rise is by no means all to do with presidential hopes and fears. There has also been big buying from China possibly linked to moves, with Russia and other unfriendly actors, towards ‘de-dollarisation’ of world trade using a partially gold-backed alternative currency. Which means there could be more upside ahead, my man says, and gold ETFs

My friend Tim Leunig is a cerebral thinker of the best kind. Though not party-political, he has worked for Tory chancellors and would give the same advice to governments of any stripe. Wikipedia calls him a prize-winning economist and that’s right, but he has a gadfly instinct and a remorselessly rational intellect that takes him into the deeps: into first principles, logical consequences and the reductiones ad absurdum of some of our trains of argument. He writes a substack (timleunig.substack.com) and it was his recent summary there of proposals he wrote as chief economist for the Onward thinktank that caught my eye. ‘I bought this house from savings that were

I was on my way to a Pilates class when I spotted Paul waving at me urgently from across the road at the bus stop. ‘Can you help, Miss,’ he said. ‘It’s Gladys, she’s in a bad way.’ I looked down at his Staffordshire bull terrier and immediately saw what he meant. The 16-year-old dog was trembling, panting and appeared to be struggling to stand. She’d also lost a lot of weight. I’ve known Paul and Gladys for the past eight years, running into them on the street near my home in east London. Paul is not wealthy and has a couple of disabilities. He always calls me Miss. ‘She’s

Future House is a weird private members’ club. There’s a mattress on the floor for napping, a bathtub designed to hold ice and bottled beers, a robot dog imported from China and a purple neon sign that reads: ‘Just F***ing Build Something.’ Around 9 p.m. on a Wednesday, the place is rammed. ‘I missed the dotcom era, I’m not missing this one,’ someone says. ‘People need to stop moaning about artificial intelligence,’ says another. Future House, in an old coaching house in Hackney, is described on its website as ‘London’s techno-optimist members’ club’. Techno-optimism? Adherents believe that technological progress is the best way to fix the world’s problems. Techno-optimism is

For the past two years anybody who has asked Harry Cobden, Paul Nicholls’s stable jockey, which horse in the yard he was most looking forward to partnering, the answer has always been the same: Bravemansgame. But when declarations were made for the Grade 1 Betfair Chase at Haydock last weekend, the rider’s name attached to King George winner Bravemansgame was that of Daryl Jacob. Jacob was thus in line for the jockey’s share of the £112,000 prize. Cobden, said Nicholls, would be riding the yard’s entrants at Ascot instead. Although it was rapidly announced that Cobden was happy about the arrangement, a few eyebrows were raised and tails swished, particularly

The cockerels of jump racing had better look out: the Hen is back. At 76, Henrietta Knight, whose feat of training Best Mate to win three consecutive Cheltenham Gold Cups will probably never be equalled, is to renew the licence she relinquished 11 years ago to care for her late husband, Terry Biddlecombe. Racing fans will be delighted; perhaps a few of the 27 trainers interviewed in depth by a ‘retired’ Henrietta for her revealing book The Jumping Game: How National Hunt Trainers Work and What Makes Them Tick slightly less so. Henrietta, who has continued pre-training and advising owners looking for future stars, is known as the best judge

Once or twice, when on a crowded overnight flight, I have taken a sneaky stroll through the different cabins for the purpose of comparison. My reaction on first peering into each cabin goes like this. First class: ‘Gosh, this is fabulous. It’s like a restaurant in the air.’ Business class: ‘Ooh, this is nice; they get flat beds and everything.’ Premium economy: ‘Well this is OK; the seats seem comfy and it’s all pretty civilised.’ Economy: ‘It’s the “Raft of the Medusa”.’ Now here’s the thing. In terms of comfort, the biggest gap between two adjacent flight classes is between economy and premium economy. This improvement is simply achieved with

An Institute for Fiscal Studies paper, published at the end of last month, makes grim reading. Through the prism of the media reports it generated (‘One in 11 workers in England could be NHS staff by 2036,’ said the Guardian; ‘NHS staff will make up 49 per cent of the public sector workforce in 2036,’ said the Times), the most sensational finding was that our health service will be eating up an ever-increasing share of public spending. But, as so often, this particular cuckoo in the nest of public provision is only the most newsworthy of so many indications of Britain’s long, slow slide into insolvency. The gap grows between