The impoverishment of the English aristocracy

P.G. Wodehouse was one of the most widely read humorists of the 20th century. His most famous fictional creation was Jeeves, the knowing and somewhat manipulative valet to feather-brained young gent Bertie Wooster.

In the following extract from Wodehouse’s 1953 novel Ring for Jeeves, Jeeves has temporarily become butler to the impoverished Earl of Rowcester.

[Lord Rowcester:] ‘I haven’t a bean.’

[Jeeves:] ‘Insufficient funds is the technical expression, m’lord. His lordship, if I may employ the argot, sir, is broke to the wide.’

Captain Biggar stared.
‘You mean you own a place like this, a bally palace if ever I saw one, and can’t write a cheque for three thousand pounds?’

Jeeves undertook the burden of explanation.

‘A house such as Rowcester Abbey, in these days is not an asset, sir, it is a liability. I fear that your long residence in the East has rendered you not quite abreast of the changed conditions prevailing in your native land.
   Socialistic legislation has sadly depleted the resources of England’s hereditary aristocracy. We are living now in what is known as the Welfare State, which means — broadly — that everybody is completely destitute.’

From: The Jeeves Omnibus Volume 3, Hutchinson, 1991, p.98.