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Must Do Better

Donald MacKenzie: Why isn’t banking cheaper?, 5 May 2016

... system channels savers’ money to productive uses in the non-financial economy. As the economist John Kay points out, being an intermediary tends to create an inherent bias towards activity, even when it’s wiser and cheaper to do nothing, because you have to give the appearance of ‘earning your keep’. Investment managers, for example, cannot ...

Ross McKibbin and the Rise of Labour

W.G. Runciman, 24 May 1990

The Ideologies of Class: Social Relations in Britain 1880-1950 
by Ross McKibbin.
Oxford, 308 pp., £35, April 1990, 0 19 822160 6
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... there no Marxism in Great Britain?’ and those of the essay (co-authored with Colin Matthew and John Kay) on the effects of the enlargement of the franchise after 1918 on the Labour Party’s share of the vote. If, as McKibbin believes but other historians and psephologists dispute, the enlargement of the electorate did significantly help the Labour ...

Kay Demarest’s War

Penelope Fitzgerald, 17 September 1987

The Other Garden 
by Francis Wyndham.
Cape, 106 pp., £9.95, September 1987, 0 224 02475 2
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The Engine of Owl-Light 
by Sebastian Barry.
Carcanet, 390 pp., £10.95, July 1987, 0 85635 704 9
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A Singular Attraction 
by Ita Daly.
Cape, 144 pp., £10.95, August 1987, 0 224 02438 8
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Cold Spring Harbor 
by Richard Yates.
Methuen, 182 pp., £10.95, July 1987, 0 413 14420 8
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The Changeling 
by Catharine Arnold.
Hodder, 223 pp., £9.95, July 1987, 0 340 40542 2
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... the inner life of the village he concentrates on the tragedy (it can surely be called that) of Kay Demarest. The Demarests are divorced, and only live together in their house, which looks like a stage-set for an English country hotel, because it saves them money; ‘the war, which was causing so much misery elsewhere by separating lovers and fragmenting ...

Miracle on Fleet Street

Martin Hickman: Operation Elveden, 7 January 2016

... Venables; Alan Tierney, a Surrey police constable who was paid £1250 for passing information that John Terry’s mother had been cautioned for shoplifting, and Ronnie Wood for assaulting his girlfriend; and Tracy Bell, a pharmacy assistant at Sandhurst, who had sold five stories about Princes William and Harry in 2005 and 2006 for around £1000. The arrests ...

Irrational Expectations

Barry Supple, 18 November 1982

The 1982 Budget 
edited by John Kay.
Blackwell, 147 pp., £10, July 1982, 0 631 13153 1
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Money and Inflation 
by Frank Hahn.
Blackwell, 116 pp., £7.95, June 1982, 0 631 12917 0
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Public Enterprise in Crisis: The Future of the Nationalised Industries 
by John Redwood.
Blackwell, 211 pp., £5.25, May 1982, 0 631 13053 5
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Controlling Public Industries 
by John Redwood and John Hatch.
Blackwell, 169 pp., £12, July 1982, 0 631 13078 0
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... notably energy, communications, transport, and iron and steel. And it is astonishing to recall, as John Redwood does in Public Enterprise in Crisis, the bright hopes that attended their births. They were to advance social and economic equity, enhance efficiency and actually prevent waste, guard against the abuse of monopoly power, eliminate ...

John Sturrock

Mary-Kay Wilmers, 21 September 2017

... It​ was John who had the idea that I should say something about his professional life at his funeral. It was a very nice idea and I’m glad – not to say flattered – that he had it. But I found it a spookily hard thing to do. ‘Spooky’ because every time I thought I had a point to make I heard myself checking it with John – ‘Is that right?’ ‘Can I say that?’ ‘Does that make sense?’ – and then I began to understand what had happened to all of us ...

Miss Skippit

Andrew O’Hagan, 18 February 2021

... befuddled, didn’t quite know what to say and the audience laughed.*The young woman was Mary-Kay Wilmers. After working at Faber & Faber, the Listener and the TLS, she became one of the founders of this paper in 1979, and has just retired after more than thirty years as its editor. I wanted to begin with one of her jokes, an early one, because her gift ...

Marksmanship

John Sutherland, 14 November 1996

From Potter’s Field 
by Patricia Cornwell.
Warner, 405 pp., £5.99, June 1996, 0 7515 1630 9
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Cause of Death 
by Patricia Cornwell.
Little, Brown, 342 pp., £9.99, October 1996, 0 316 87885 5
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... appeared, Patricia (‘Patsy’) Cornwell had come a long way. Scribner acquired the first Kay Scarpetta novel, Postmortem (written in the mid-Eighties, turned down by seven publishers, revised in the late Eighties, published in 1990), for $6000. From Potter’s Field, the sixth Scarpetta novel and Cornwell’s last for Scribner, was published in ...

Mortal on Hooch

William Fiennes: Alan Warner, 30 July 1998

The Sopranos 
by Alan Warner.
Cape, 336 pp., £9.99, June 1998, 0 224 05108 3
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... like Knifegrinder and DJ Cormorant; Chef Macbeth with his remote-controlled planes; and sinister John Brotherhood, the focus for a series of portentous references to the Devil, and for stories of sexual depravity involving Siamese twins. Brotherhood says things like ‘Nails travelling at 300 m.p.h. can make quite a decoration on a child’s ...

Smuggled in a Warming Pan

Stephen Sedley: The Glorious Revolution, 24 September 2015

The Glorious Revolution and the Continuity of Law 
by Richard Kay.
Catholic University of America, 277 pp., £45, December 2014, 978 0 8132 2687 3
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... In​ 1944, as Richard Kay records, an optimistic litigant challenged the validity of a Victorian statute under which he was being sued, on the ground that Queen Victoria, like all her predecessors since 1689, had had no title to the throne. The argument, which would have wiped the statute book almost clean, was dismissed without much ceremony; but in 1688 and 1689 it occupied the centre of the political and constitutional stage ...

Frank Kermode

Mary-Kay Wilmers: On Frank Kermode, 9 September 2010

... for finding things interesting, whether he liked them or not. Writing about Frank in the Guardian, John Sutherland called him a ‘fierce reader’ and the phrase was picked up by several newspapers here and in other countries. As he himself says, Sutherland was adapting Frank’s own expression, ‘fierce reading’, which comes at the start of his review of ...

For Every Winner a Loser

John Lanchester: What is finance for?, 12 September 2024

The Fund: Ray Dalio, Bridgewater Associates and the Unravelling of a Wall Street Legend 
by Rob Copeland.
Macmillan, 352 pp., £22, August, 978 1 5290 7560 1
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The Trading Game: A Confession 
by Gary Stevenson.
Allen Lane, 432 pp., £25, March, 978 0 241 63660 2
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... to the current condition of the financial industry, Other People’s Money, published in 2015, John Kay talks about the state of the UK banking sector, whose assets then were about £7 trillion, four times the aggregate income of everyone in the country. But the assets of British banks ‘mostly consist of claims on other banks. Their liabilities are ...

Come along, Alcibiades

John Bayley, 25 January 1996

Terence Rattigan: A Biography 
by Geoffrey Wansell.
Fourth Estate, 428 pp., £20, October 1995, 1 85702 201 7
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... is foiled in her attempt to grab the hero – played by the youthful Rex Harrison while Diana was Kay Hammond – and decides to console herself with the young Lord Heybrook, who is about to arrive at the crammers’ establishment (a perfect and improbable Thirties scenario). She duly makes a languid appearance in her bathing-dress, and Rattigan’s final ...

Onomastics

Alex Ivanovitch: William Boyd, 4 June 1998

Armadillo 
by William Boyd.
Hamish Hamilton, 310 pp., £16.99, February 1998, 0 241 13928 7
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Nat Tate: American Artist, 1928-60 
by William Boyd.
Twenty One, 77 pp., £9.95, April 1998, 1 901785 01 7
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... of Brazzaville Beach and makes something rather grand out of it, an epic explanation of how Kay Paget came to be called Kay Carriscant. Armadillo is similar, a story that spools out between two names: our hero calls himself Lorimer Black and ends up as Milomre Blocj. Like the author of NatTate, Black is a ...

Fiction and Failure

Adrian Poole, 15 April 1982

Blind Understanding 
by Stanley Middleton.
Hutchinson, 159 pp., £7.50, March 1982, 0 09 146990 2
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Fifty Stories 
by Kay Boyle.
Penguin, 648 pp., £2.95, February 1982, 0 14 005922 9
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Unsolicited Gift 
by Jacqueline Simms.
Chatto, 151 pp., £6.95, March 1982, 0 7011 2616 7
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Nellie without Hugo 
by Janet Hobhouse.
Cape, 192 pp., £6.95, March 1982, 0 224 01969 4
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Levitation: Five Fictions 
by Cynthia Ozick.
Secker, 157 pp., £6.95, March 1982, 0 436 25482 4
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... fragment’, as another character observes) is this rich and dense account of a life rendered. As John Bainbridge sifts through his rag-bag of memories, we close in on the events and people and things that have nearly touched him nearly: the death of a young subaltern in the war, an adulterous affair with his sister-in-law and with many others, a painting, an ...

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