And Wasun Pottipinpanon is, unbeknown to his wife, selling off a few of his Rolex and Piaget wrist-watches.

ECONOMIST: Fire sale, Thai-style

Progressive thinkers such as Piaget and Young have been squeezed out of the teacher-training curriculum, as first the Tories and now Labour have insisted that courses put more emphasis on practical teaching tips.

ECONOMIST: Plowden��s progress