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Dividends are back

While the hoi-polloi is getting restless – mixing rising anger with incredulity at the government’s innumerate use of statistics – the aristocrats are becoming uppity, too. Having the sans-culottes on the streets is one thing; having the nobs join them would be a whole new rumble.

The aristocrats in question are the bosses of UK plc. Back in the spring they couldn’t wait to demonstrate their empathy with furloughed staff and struggling consumers by axing company dividends almost as a matter of course. No matter that their virtue signalling hurt shareholders more than it hurt them, it was the right-on thing to do.

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