All of which suggests that it might be time to question whether the British establishment still functions as it once did. Nothing better exemplified the declining power of the old establishment than Granada Media’s 1995 takeover of the exclusive Trusthouse Forte hotel chain. First, there has been a shift in elite power from the public sector to the private sector since the 1950s. For Jeremy Paxman, the new “radical Toryism” was nearly as brutal towards the old establishment as it was to industrialised labour. All the clues are to be found in the City of London, now at the heart of British establishment power.

Source: The Guardian February 27, 2018 06:00 UTC