A declaration of interest is in order. I have twice appeared in the pages of HEAT. I am also in the latter stages of a doctorate, which I have been writing for the past few years under the supervision of HEAT’s editor, Ivor Indyk. Under normal circumstances, I would decline to review a new edition of the journal for these reasons. The latest edition is, however, of particular significance, for it is the last that will appear in print form. It is important to stress the qualification: Indyk has stated that he is interested in reinventing the journal in an electronic format. But it is difficult not to feel that the occasion has the sense of an ending about it. Whatever form HEAT may take in the future, its life as a printed journal, which began in 1996 and continued through two series of fifteen and twenty-four editions, respectively, is now over.