Heart of gold? Morgan Stanley donates yard to Kids Company

MORGAN Stanley employees have had a whip-round and come up with £1.6m to fund the purchase of the Morgan Stanley Heart Yard.

Although possibly sounding more like a sale of black market organs, the yard is in fact a very worthwhile therapy house for charity Kids Company – founded by Camila Batmanghelidjh – which will deliver psychiatric support and complementary treatments to thousands of vulnerable young people.

And who better to add a touch of glamour to the ribbon-cutting than actress and Kids Company supporter Joanna Lumley?

■ Maggie’s SAYS RELAX. Or so read the t-shirt invitations to the third birthday bash thrown to celebrate the Fulham Road club’s third anniversary last night. The Thatcher-inspired venue, which is run by young restaurateurs Charlie Gilkes and Duncan Stirling, is a 1980s tribute to the Iron Lady. It was somewhat unfortunate timing then, that t-shirts arrived on doorsteps the very same morning as news broke of Baroness Thatcher’s death. At least guests were raising a Thatcher mug in toast to the Lady herself.

■ We’re used to some excellent ideas coming out of the Centre for Economics and Business Research but The Capitalist was astounded to receive a note from the outfit explaining how investment in the capital’s transport network and new underground roads “could bring benefits worth nearly £4bn per household in London”. With around 3.5m homes in London, that means an instant multi-quadrillion pound boost for the economy, wiping out the national debt in an instant and leaving us free to frolic in a land of plenty. Sadly, moments late a hastily re-issued press release revised the figure down to £4,000 per household. Ah, well.