"So what would you do if you were Chancellor of the Exchequer for a day?" I asked the chairman of the improbably-sized investment company Prandeamus Asset Management when we next met up.
"Oh, that's easy," he replied. "I'd abolish this ridiculous state of affairs whereby the Budget speech always falls on the Wednesday of the Cheltenham Festival. It really is most horribly inconvenient." "And yet I notice it hasn't stopped you actually attending the races," I pointed out. "Look who's talking," the chairman shot back, reasonably enough, as we watched another bet struggle home. "Anyway, of course I'm not going to miss out on the ponies. It's not any physical inconvenience, I'm talking about here - more a vague sense I ought to be feeling guiltier than I do and this can occa...
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