On the difference between the rich in London and elsewhere in the country, John Caudwell said there was "no comparison" between the "wealth factor and feel good factor between London and the sticks".

BBC: Rich will 'vote with their feet' on taxes

While demand is certainly a factor in semiconductor forecasting, its importance pales in comparison with the impact of capacity gluts and shortages.

FORBES: The Role of Demand in Semiconductor Forecasts