For the past year or so, I’ve been involved in selling The Spectator as well as editing it. A long auction involving moguls, sheikhs and an act of parliament has finally produced a winner. The financier Sir Paul Marshall has become the 14th proprietor of this magazine. His faith in our prospects is reflected in the size of the deal: £100 million, five times what we were valued at when we split from the Daily Telegraph in 2005.