GREED is good, it works and clarifies. Perhaps that should be the new motto of British Gas, who played politics by announcing a 15% price rise just a month before it was obliged to reveal unjustifiable profits.

Putting into practice the most obnoxious of American rhetoric is a million miles away from Adam Smith’s doctrine that rational self-interest could work for the common good. Too many children lack basic privileges in the UK; must they be cold too?

Dr M T Gray