Who would want to be a bank director in London these days? Not Alan Thomson, a member of the audit and risk committee at HSBC Bank who, according to fellow columnist Mark Kleinman, has tendered his resignation.
When I put it to one left-leaning businessman yesterday the notion that the former postman Alan Johnson might stand against Ed Miliband as Labour leader, he responded: “That would be lovely.” Some of Labour’s business supporters are running out o
City A.M. will be 10 years old next year and until now it has had just two editors. Yesterday it got its third with my elevation to that role, with Marc Sidwell working alongside me as executive editor across all the company’s platforms.
ONE of Karl Marx’s big theories was that capitalism had an inherent tendency towards monopoly and would thus self-destroy. The idea remains widely held, and is one reason countries operate stringent anti-trust regulations.
BRITAIN’S jobs market is continuing to defy gravity. The latest figures are stunningly good, with employment moving ever-closer to its all-time high as a share of the workforce and the number of jobs in the economy hitting another record.
SHORT of embracing quantitative easing, the European Central Bank has now done everything it can to try to loosen conditions in the Eurozone. But by no stretch of the imagination could yesterday’s actions be deemed radical.
THERE were two reactions to yesterday’s Queen Speech: critics dismissed it as lightweight in the extreme, a collection of reheated policies seasoned with a little trivia; supporters celebrated a government that understands that passing fewer laws
MORE evidence that high and punitive tax rates are bad for tax receipts. An official report from the French audit office makes damning reading for all those who believe in hammering taxpayers to pay for their pet projects.
MUDDLED thinking is the enemy of sound judgement and sensible decision-making. Sadly, the current discussion about inequality is especially confused, with terms and concepts used loosely, making it impossible to conduct a sensible debate.
COMPARE and contrast: when Nigel Farage balanced a pint of beer on his head yesterday, the stunt was seen as another PR triumph reinforcing his carefully constructed image as a happy go lucky, popular hero thumbing his nose at establishment conven
SO the great crackdown on mortgages has started. With the Bank of England’s monetary policy committee uninterested in hiking interest rates, the only solution to contain house prices, sadly, is to ration credit.
WE all know that London emerged from the crisis remarkably unscathed. But few realise just how well our great city has performed over the past 15 years, and how we have grown faster than almost all comparable metropolises since the recession.
WHAT a waste of time yesterday’s grilling of the bosses of Pfizer and Astrazeneca turned out to be. Many MPs made the most of the occasion to grandstand while displaying a shocking lack of understanding of how business works.
IT WAS hard not to despair at the latest scare story on empty homes – apparently, there are 60,000 of them being “hoarded” by rich “buy to leave” investors in London alone, and the Labour leader is going to do something about it.
MOST economists have a limited shelf life. I suspect that Thomas Piketty, the fashionable French socialist whose book on wealth and inequality is topping the charts, will ultimately fall into that category.
THERE is how the French do things, and then there is the British way. Germany’s Siemens and America’s General Electric are both seeking to woo French politicians as they prepare their rival offers for Alstom.