Martin Vander Weyer

Christopher Fildes’s City and Suburban column first appeared in June 1984 and notched up over a thousand appearances; before that, he served as business editor under Nigel Lawson in the late 1960s. As a chronicle of modern City life, the Fildes oeuvre has only one equal and that comes in the weighty form of A Club No More, the last volume of David Kynaston’s magisterial history of the Square Mile. In the lighter field of daily and weekly journalism, Christopher has been peerless in his combination of wit, learning, firmness of judgment, appetite for gossip and enthusiasm for lunch — preferably at the Savoy Grill before its tragic refurbishment.

Every time Sir Alan Sugar fires a contestant on The Apprentice, the nation quivers in admiration; likewise whenever Sir Richard Branson launches another airborne publicity stunt. Serial entrepreneurs are accorded guru status, yet whenever Britain’s most prolific kick-starter of enterprise sticks his head above the parapet he is showered with abuse and told to get on with his real job, which is — as the comedian Marcus Brigstocke tastefully put it — ‘waiting for his mother to die’. The Prince of Wales, through the charity he set up when he left the navy in 1976, has helped more than 60,000 young people to start their own businesses.

Watching the charming remake of Lassie, I realised — stifling a sob — how easy it was to suspend my disbelief that a soulful collie could make a solo journey from the Highlands via Glasgow to a village in Yorkshire, arriving home just in time for Christmas. But I find it much harder to believe that a Christmas card posted in Sloane Street on 21 December could have taken until 8 February — almost seven weeks — to reach me in Yorkshire. Had the card, like Lassie, been impounded by pompous officials en route but bravely outwitted them? Had it tagged along with a good-hearted travelling showman in a caravan? That sounds far-fetched, I know, but no more so than the fact that the Royal Mail has just been fined £11.

Sir Richard Sykes of Imperial College tells Martin Vander Weyer that Britain’s world-class scientists hold the key to future economic success Approaching Imperial College through the long tunnel from South Kensington station, I recalled that the last time I met the College’s rector, Sir Richard Sykes, he was chief executive of Glaxo, the drugs group, and we were lunch guests of the industrialist Lord Hanson. Our fellow guest (forgive the name-dropping) was the broadcaster Selina Scott, and it would be fair to say that glamorous Selina was served a rather larger portion of Hanson’s charm and attention than Sir Richard or me.

QinetiQ, the business created out of the Defence Evaluation and Research Agency, is Labour’s first attempt at full-scale privatisation, and it has deservedly run into heavy flak. The Daily Telegraph is particularly agitated about the fact that private investors cannot apply for shares in next month’s £1.1 billion flotation, which is open only to institutions. Bankers handling the sale say QinetiQ is too complex to explain to ordinary punters without spending unjustifiably large sums on a marketing campaign. Spokesmen for small shareholders declare that every citizen should have the chance to benefit from the sell-off of state assets.

The laptop on which I’m working tells me that it has sent 7,392 email messages to date, and if I knew how to reach its innermost parts it would probably provide a rather embarrassing list of every website it has ever visited on my behalf as well. Like most internet users, I have absolutely no idea how any of that traffic actually happened. I have a fantasy that it involves satellites in space and bunkers deep underground, full of scary professors and beautiful girls in lycra spacesuits dancing attendance on giant computers; and I sometimes wonder whether my cyber-correspondence is being monitored for key words (‘jihad’ perhaps, or ‘Galloway bank account’) at GCHQ Cheltenham or Langley, Virginia.

A funny thing happened to me on the way to The Spectator Parliamentarian of the Year lunch. The early crowd in the foyer of Claridge’s ballroom was largely made up of City guests invited by our excellent sponsor, Threadneedle Investments, while less well-mannered parliamentary and media guests arrived late or not at all. I recognised several senior figures from my own banking days, among them a former colleague. Since this column is, this once, about journalistic good manners rather than corporate name-dropping, I will not hint at his identity. We exchanged pleasantries until a third party in the conversation moved away; then he brought his face closer to mine, with a rather chilly smile, and said quietly: ‘I thought what you wrote about Jack was unforgivable.

Rivers of fudge are to be expected from corporate PR people, but the Cadbury factory at Bourneville has an unusually impressive one — an endless six-feet-wide flow of the soft, brown confection, about to be sliced into ribbons, then chopped into tiny rectangles, coated in chocolate and popped into Milk Tray boxes. Even more seductive is the assembly line for chocolate Creme Eggs — made in halves with the yolk in one half only, then neatly flipped together, sealed, wrapped and sent bobbing along the conveyors.

I have mixed memories of New Orleans. The hospitality was gracious and the cuisine was fine, but there was a pervasive whiff of something rotten which must have a bearing on the city’s lack of preparedness for the present disaster. I once spent an afternoon in the police headquarters hearing about efforts to eliminate corruption in the local force, and I recall an earlier visit in my days as a banker in the 1980s: I found myself being lunched in a dark corner of a restaurant by an adviser to four-term Louisiana governor Edwin Edwards, who confidentially offered me a slice of the action in a gas pipeline project across the state. Eager as I was to bring home new business, I knew enough of Governor Edwards’s reputation to make an excuse after the gumbo and leave.

Martin Vander Weyer on the British idea that businessmen are by nature greedy, heartless, incompetent or dishonest — or all four Our local arts festival this summer included a community opera with a large cast of children and teenagers, playing to a capacity audience of their families and friends. The show was so full of joy and energy that I came out with tears in my eyes — but also a feeling of unease. The problem was ideological: Maggio’s Magic — book and lyrics by Peter Spafford — was a theatrical triumph, but it was also a vivid parable of the perceived evils of capitalism, a reinforcement in all those young minds of an age-old British prejudice against the profit motive.

Banff, Alberta, Canada I’ve been invited to address the annual meeting of the Canadian Investment Dealers Association on the subject of ‘why China isn’t going to be a global superpower’ — a theme I explored here in January, in contradiction of eminent pundits whose New Year essays had gone large on the coming ‘Chinese century’. To be negative about China in any gathering of investors is to invite the response provoked by H.M. Bateman’s Man Who Asked for a Double Scotch in the Grand Pump-Room at Bath, and this turned out to be especially the case in Alberta, which has oil reserves second only to Saudi Arabia’s and sees the Chinese as huge future customers.