of stakes he played with. And if they got it right, he could stop worrying about the yacht. And that silly nurse.
* * *
Evening Standard, City Edition, 9 February
POUND AND PRINCESS EXPOSED
Sterling continued to come under heavy pressure as the London market followed the lead set overnight in the Far East. Dealers expressed concern that the stream of sexual scandal enveloping the Royal Family could cause a full-blown constitutional and political crisis, following the resignation of the King's press secretary last week and lurid photographs of Princess Charlotte published in many of this morning's newspapers.
The Bank of England and other European banks moved to support sterling as soon as the markets opened but could not prevent further speculative selling driving the currency down hard against the bottom of its EC limits. There were reports of a major holder of sterling in the Far East dumping significant quantities of the currency. It is feared that interest rates may have to be raised substantially to prop up the ailing pound.
'This sort of situation is a new one for us,' one dealer commented. 'The markets hate the uncertainty, at times this morning they were in turmoil. The sheiks are saying if Buckingham Palace crumbles, how safe is the Bank of England? The City has the atmosphere of a farmyard before Christmas. . .'
* * *
It was a good day for a hanging, McKillin thought. The Chamber was packed beyond capacity with many Members, deprived of a seat on the benches, standing at the Bar, crouching in gangways or crowding around the sides of the Speaker's Chair. The pressure of so many mostly male bodies crushed together gave rise to a heady, boisterous atmosphere, overflowing with expectation. It was said there had been similar scenes at Tyburn when they came to hang some wretch from the three-legged gallows, and that they even paid for the privilege of watching the poor bastard swing.
There had already been a long queue of victims today. The waves of panic rippling through the currency markets had washed over into the Stock Exchange and by lunchtime share prices were off, badly. The cries of pain emanating from those with exposed positions could be heard from all over the City and it was going to spread faster than a lassie's legs at the Edinburgh Festival. The building societies were meeting in emergency session; mortgages would have to be raised, the only question was by how much. It wasn't the King's fault, of course, but people had lost their innocent belief in bad fortune, in catastrophes simply happening, they had to have someone to blame. And that meant that McKillin, too, was in the firing line, reflecting ruefully on his recent public displays of indulgence on behalf of the Royal Family, wincing at one hundred per cent. He had thought all morning of defence through aggression, making a full-scale charge in support of the King, but decided that the King's position was too well covered by hostile guns. The troops behind him were no Light Brigade, and he wasn't Errol Flynn. No point in getting shot in the Trossachs for nothing, much better to fight another day. Some question about human rights, perhaps, high-ground stuff, related to the PM's lightning trip to Moscow which had been announced for the coming week. That would do, give him some distance from the sound of battle, get him out from under the gibbet... As he waited, he began to feel sticky with the heat and pressure from the bodies of overfed men crowding around.
He saw Urquhart appear just in time for the three-fifteen p.m. start, forcing his way through the scrum which surrounded the Speaker's Chair and squeezing past the outstretched limbs of other Cabinet Ministers perched untidily along the Front Bench. Urquhart smiled across the Dispatch Box at McKillin, a fleeting parting of thin lips to expose the incisors, the first warning shot of the afternoon's campaign. Behind Urquhart's position sat the Honourable Lady Member for Dorset North, bobbing obsequiously as her master took his seat, wearing a garishly crimson outfit which stood out like a traffic beacon amidst the gloom of grey suits and which would show well on the television screens. She had been practising her expressions of support all morning in front of a mirror. She was a handsome and well-presented woman, early forties, with a voice like a hyena, which rumour had it could reach top C in bed, as even some members of the Opposition claimed to know. She'd