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Hamster buyers smell a rat

Geoff Riley

12th February 2008

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‘It is not a rat, it is a Siberian hamster!’

The final episode of Fawlty Towers was a 40 minute special titled ‘Basil the Rat’. And followers of the iconic comedy will have smiled today with news report from China that, in the year of the Rat, demand for hamsters has increased to such an extent that the going price for hamsters has tripled to about 30 yuan ($4.20, £2.10) across the country. Less than a week into the Chinese New Year, stocks of hamsters are running low as demand outstrips supply. The news has caused a flurry of excitement among hamster owners most of whom immediately leap to the defence of their furry friends when they are compared to rats and mice.

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.