Simon Wolfson

Even Europhile economists must have pricked up their ears at the offer of £250,000 to the person who comes up with the best plan for winding up the euro. Only the Nobel offers a more valuable bounty to the dismal scientists.

But whatever you think of the goal, is the Wolfson Economics Prize – offered by Lord Wolfson, the youthful, Eurosceptic, Conservative chief executive of Next, the UK retailer – the best way to achieve it? These days, bright business ideas often emerge through collaboration, rather than competition.

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Kiran Stacey

As Westminster waits for the publication of Sir Gus O’Donnell’s report into whether Liam Fox broke the ministerial code as a result of his friendship with Adam Werritty, Number 10 is drip-feeding new revelations into the public domain.

The latest is that Werritty met other defence ministers: specifically Gerald Howarth and Lord Astor. We don’t know when, where or how often though. Read more