Wells Street Journal: The knives are out and about

Brexit hasn’t spelled gloom and doom for everyone in Westminster, in fact some on the public payroll have managed to make light of the turmoil of the past two-and-a-half weeks.

As politicians have made no effort to cover up their own ambitions and strategies to eliminate friend and foe, the numerous resignations and leadership race withdrawals have provided excellent comic fodder for those in the House of Parliament kitchens.

According to South Derbyshire Tory MP Heather Wheeler, House of Commons catering staff are struggling to do their jobs due to an unprecedented disappearance of knives.

Can those MPs who have a sharp utensil embedded in their back, please return it to the kitchen as soon as possible? Preferably in a clean state.

Search for moral compass

City workers are often characterised as pompous and out of touch, and a new report released by think tank New City Initiative confirms that is probably a fairly accurate description.

Even the title – The Moral Case for Asset Management – meant we were a little sheepish to be seen with this document outside the WSJ offices.

Among its more outlandish arguments was that large fund manager pay cheques are not only acceptable, but “deeply moral”.

Capitalism does not assume any equality of wealth, the report points out, therefore the fine individuals who invest capital funds should be “well rewarded”.

We hope Richard Woolnough (estimated current pay package: £32m) can finally rest easy at night.