Enjoy the party while it lasts
Share prices are going up and up, but how sustainable is the new stock market boom? City A.M. editor Allister Heath argues that things are going well for the moment but a weak foundation of cheap money means the good times can’t last forever.
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Previous Episodes
Micro-businesses are booming
Since 1971, when there were just 820,000 small firms in Britain, the economy has been transformed. Today, Britain has 4.8m firms, nearly all of them small businesses. But Allister Heath, City A.M.'s editor, argues that we need to help those start-ups keep growing – with lower taxes and less red tape.
An outbreak of irrational exuberance
Stock markets and bonds are on the up. But Allister Heath, City A.M.'s editor, warns that the recovery has gone too far for its flimsy foundations, becoming in parts a bubble inflated by loose monetary policy and cheap credit.
Three keys to unlock future growth
In Britain's two-tier economy, regions like London do better thanks to their focus on services. But that is not guaranteed. City A.M. editor Allister Heath makes the case for three big infrastructure commitments vital to securing future growth.
Entrepreneurs to the rescue
Britain's economy is stuck in a rut. But Allister Heath, the editor of City A.M., argues that we shouldn't despair for the long-term, as Britain's growing culture of entrepreneurship will ultimately drive a return to growth.
Time for a right-to-build revolution
In the 1980s, the right to buy turned many council tenants into proud property owners, but today home ownership is falling again. City A.M. editor Allister Heath explains why we need to tear up our outdated planning laws if we are to keep the cultural and economic benefits of Margaret Thatcher’s earlier revolution.
Margaret Thatcher's legacy
Danger: Weak growth ahead
Economists have identified a few bright spots in the UK economy by excluding the worst-hit sectors, like finance and construction. But while the economy may not be collapsing further, massive structural problems remain. These must be fixed fast – the promise that years of weak growth lie ahead is not a reason to be cheerful.
The Cyprus bailout
Budget 2013 special edition
George Osborne called it a Budget for an aspiration nation. But his speech was full of government interventions to solve problems created by government interference. Allister Heath analyses the detail with City A.M.’s Julian Harris and Ruth Porter of the iea.
Osborne must tackle zombie firms
An army of the living dead is dragging down the UK economy – tens of thousands of firms kept alive only by rock-bottom interest rates and money printing. Allister Heath calls on George Osborne to announce a plan to slay the zombie menace.
Three reasons not to cap bankers’ bonuses
The EU’s plan to cap bank bonuses may sound like a good idea, but City A.M. editor Allister Heath explains why it will make UK banks less stable and weaken the link between bankers’ pay and performance.
Time for a supply-side revolution
Following the loss of the UK’s prized AAA credit rating, City A.M. editor Allister Heath argues the answer is not to spend more or print more money but instead to slash corporation tax and abolish capital gains tax to make the UK a magnet for global investment.