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Last year Lord Michael Spencer called for CEOs to be paid similarly to top-rate footballers, saying that sporting stars getting huge money was acceptable but that bank or energy bosses earning 20m a year was materially less than their peer groups in America but saw outsiders fuming it was an outrage

All that sugar and salt are as equally deadly as tobacco, but they also generate more profit

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For a full complement of reflections, responses, and other material about the speech and its legacy, go here

A conventional but unrealistic response to large-scale noncompliance and illicit trade is to call for a massive enforcement effort to eliminate the black market

A tobacco pipe is a specialized device designed for smoking tobacco