Elsewhere, the crunch does continue to bite hard. The Diary was recently subjected to an invective-laden tirade from one of London’s taxi drivers although, for once, thankfully not about immigration, why Ken Livingstone is a communist or the merits of the Chelsea back four.

The driver was bemoaning the apparent spate of belt-tightening that has resulted in a number of City firms cracking down on black-cab usage in a bid to free up cash for associate pay rises (or not, as the case may be).

Which may explain an incident your correspondent observed on a bus outside the offices of one very large City firm the other day, when a serious-looking chap in pinstripes harangued the driver because he wouldn’t let him off between stops. The poor darling had to – you won’t believe this – actually wait for the next stop before walking all of 20 yards back to his office.

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