Harlequins and Wasps battle it out in City cupcake bake-off

IT IS HARD to refuse a cupcake at the best of times – and especially so when delivered to your desk by chef and Harlequins player Will Skinner.

Rugby players from Quins and Wasps donned aprons yesterday to bake and sell sparkly cupcakes in aid of Red Nose Day. However the two rival teams couldn’t resist a bit of friendly competition when touring the Square Mile to offload their sweet creations.

The Capitalist popped in to insurance firm QBE at lunchtime to test the quality of the produce on offer, and ended declaring both teams as winners. Perhaps a second career beckons...

■ British historian Niall Ferguson has hit back at Keynesian Paul Krugman, notorious for resisting austerity as a solution to the crisis. Ferguson wrote that Krugman “has done fundamental damage to the quality of public discourse on economics. ...What is unforgivable is the total absence of civility that characterises his writing. His inability to debate a question without insulting his opponent suggests some kind of deep insecurity, perhaps the result of a childhood trauma.” Krugman’s response? “All I have ever done to him is point out that he seems not to know what he is talking about.” No sign of a return to civility from the New York Times columnist any time soon then.

■ City pubs were packed on Tuesday evening, with football fans piling in to catch the Manchester United versus Real Madrid game after work. However while the takings of local watering holes were up, spread betting firm Spreadex took a painful hit. Amid all the Nani red card controversy, The Capitalist is told that betters were focusing on the number of corners in both ties. Tuesday’s game had 21 corners, more than double the usual number (so The Capitalist is told). The result for Spreadex was a loss of over £100,000. However it was presumably drinks all round for one City-based punter who cleaned up with two canny corner bets – pocketing £16,500 in one night alone.