Friday, January 05, 2007

Squirearchy and satellite broadband

There's been a lot of hoo-hah about what the folk in the City are going to be spending their bonuses on this year. This article in The Times concentrates on what they'll be snapping up in London this year, but also suggests a new trend. "The current new big thing for the recipients of bonus loot," writes Anne Ashworth, "is the mini-estate, according to Liam Bailey, head of residential research at Knight Frank. About £2.5 million will buy you a substantial farm in previously “off-pitch” places such as the Welsh borders, North Norfolk, North Yorkshire and deepest Cornwall and Devon. Not within commutable distance of the City, perhaps, but the new member of the squirearchy can work from home for one day a week with the help of satellite broadband."

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