George Osborne , Britain's chancellor of the exchequer, outlined plans to overhaul Britain's financial regulatory structure, including giving the Bank of England supervisory responsibilities for banks and jettisoning the Financial Services Authority.

ECONOMIST: Business this week

Alexander John Lindsay supervisory technician, Mackie Academy (Inverurie, Aberdeenshire) - For services to education.

BBC: Famous and not so famous honoured

Moreover, the young, electronically talented workers needed to perform this supervisory role are likely to be more inclined (and certainly better paid) selling their services to the private sector rather than to the government's Internet nannies.

ECONOMIST: China and the Internet