In the light of events in and around Catalonia I reached for George Orwell's Homage to Catalonia. It is a truly astonishing book (£6 on Amazon) in that Orwell was only 34 years or so old when he wrote it and here recounts his involvement on the Republican or socialist side in the appalling Spanish civil war which eventually saw Franco come out on top.
Normally I regard socialists as ineffectual wallies. But Orwell was anything but. Born 1903 he went on to Eton where he learnt the rudiments of the conduct of war. He then enjoyed a posting as a policeman in Burma, now of course Myanmar. So he had a sense of order and command – unlike his soldiers in Spain who typically came with no training and no weapons that worked. It was chaos.
by Nick Sudbury| Funds| 1 mins. to read Real-Estate Investment Trusts (REITs) can provide a valuable source of income and a useful hedge against inflation as the underlying property values rise over time, but the share prices of many of these funds have been bid up to dangerous levels.
by Victor Hill| Equities| 1 mins. to read So people are going to live longer. And old age will not necessarily mean infirmity. The demographics are already changing rapidly: by 2045 over 65s will make up one quarter of the population in the UK – that will be nearly 19 million citizens.
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