Roger Bootle here is nominally telling us about how difficult a problem high executive pay is. We don't think that's a problem but that's not our point here. Rather, to examine one of the numbers being used to bolster the argument. We don't think this number is telling us what people think it is:

We've had our differences with Ms. Klein before. We recall a central tale in her most recent offering: she complained that the WTO's insistence on lifting local content rules on Canadian solar power reduced in some manner the fight against climate change. When, of course, allowing people to install cheaper Chinese made solar panels rather than more expensive Canadian made ones will, presumably, increase the number of such panels installed.

We're continually told that housing in London is expensive just because there's no land to build upon. And of course we can't let the place expand outwards because green belt. Thus, well, everyone should just get used to it. It's not entirely obvious that this is the true cause as this little story shows:

This really does have to be one of the sillier pieces of economic policy now being tried out. The East African Community has proposed banning the import of second hand clothes.

We've been barraged in recent days with the propaganda about how the European Union has reduced mobile roaming charges for us all. This, obviously (and one minister has expressly stated this) is meant to be taken as evidence of how wonderful it is to be a member of the European Union. Perish the thought that it might be just propaganda to sway the upcoming vote.

It's interesting to see someone getting the analysis correct and then the conclusion entirely wrong. So it is with this piece about housing and the planning system: