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Pocket money

Last month the Halifax summed up its survey of pocket money by saying: “a collective yearly spending of £70m… means the average amount children receive is £7.82 per week.” The £70m a year figure was duly headlined in the Independent. But nobody noticed that £7.82 a week means that there are just 175,000 children in the country, instead of the actual 9.14m. Of course, what was meant was £70m a week.

Beyond our means

As personal debt soars beyond the £1 trillion mark, the prospect of a gentle end to Britain’s spending spree on houses and…

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