The resignation honours list is a 20th century institution allows incompetent PMs to make just one more mistake. The former polite restrictions on who got what were overturned by both Blair and Brown, who established new levels of cronyism. In contrast, Mrs Wislon's Lavender List, largely restricted to crooks and shysters, was benign. Throwing knighthoods at school heads may have made a political point, but is just storing up government embarrassment for the time when one in twenty are caught with either their hand in the till or in a sixth-former's knickers.
Cameron celebrates a premiership of unalloyed poor judgement (or some say Mrs Cameron's poor judgement) by submitting, according to the Sunday Times, a list of unparallelled corruption of the honours. His hairdresser is now MBE and Mrs Cameron's nail-girl is now OBE. All it lacks is a CBE for the doctor who put his finger up Cameron's arse every year and a K for Johnny Boden for supplying Cameron's Summer wardrobe.
The honours system - for all honours bestowed at the behest of government, rather than the Sovereign, that is, is now so utterly valueless that I really don't know why we just don't sell them openly - starting with say £5k for an MBE up to £250k for a K, like Nigerian university degrees.