On March 14, The Economist published a story so long, so complicated, and so unlikely, that reading it was like homework. The conclusion, though, was remarkable.
The magazine alleged that the brothers who would eventually own Britain’s leading conservative newspaper, David and Frederick Barclay, created an arrangement to get out of most of a government loan in 1974. In today’s prices, the debt was worth £105.2 million ($200 million).
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Aaron Patrick was a senior correspondent at The Australian Financial Review.