THERE is one change, more than any other, that Britain needs to undergo if we want to fulfil our true potential.
Friday 20 June 2014
Thursday 19 June 2014
TAX and spending remain far too high in the UK, dragging down our economy.
Wednesday 18 June 2014
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.
Tuesday 17 June 2014
IT WAS Milton Friedman, the great Chicago economist, who put it best.
Monday 16 June 2014
WE ARE not running out of oil, far from it. The International Energy Agency is predicting that supply will shoot up from 89m barrels per day (bpd) in 2012 to 101m bpd by 2035.
Friday 13 June 2014
It's official: money is about to become more expensive. Mark Carney warned yesterday that rates could rise more quickly than the markets were predicting.
Thursday 12 June 2014
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.
Wednesday 11 June 2014
ENERGY companies haven’t helped themselves. Their biggest mistake over the past decade was to collude with the political establishment.
Tuesday 10 June 2014
IT is nothing short of scandalous that five state schools in Birmingham have had to be placed in special measures after being infiltrated by extremists.
Monday 09 June 2014
FOR the first time ever, a computer programme has managed to dupe experts into thinking that it was a 13-year old boy.
Friday 06 June 2014
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.
Thursday 05 June 2014
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
Wednesday 04 June 2014
WE SHALL soon find out whether the coalition is serious about introducing a right of recall for Members of Parliament.
Tuesday 03 June 2014
BRITONS don’t save enough. The fact that we don’t put enough money aside for a rainy day, for our retirement or to finance long-term care, is one of our great weaknesses.
Monday 02 June 2014
REGARDLESS of how Scotland votes on 18 September, change is in the air. Even if the Scots vote no to independence, the status quo is no longer sustainable.
Friday 30 May 2014
WHAT is going on in America? The US economy collapsed in the first quarter – and true to form, Wall Street’s reaction was to send share prices surging.
Thursday 29 May 2014
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.
Wednesday 28 May 2014
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.
Tuesday 27 May 2014
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
Friday 23 May 2014
QUESTION: What’s the diff-erence between the Home Counties and Texas?
Thursday 22 May 2014
VOTERS are very, very angry, as the political establishment is about to find out at its great cost.
Wednesday 21 May 2014
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.
Tuesday 20 May 2014
SO IT’S all over for Pfizer’s bid for Astrazeneca – or at least that is what it now seems like.
Monday 19 May 2014
SPOT on. That is the only way to describe Mark Carney’s analysis of the woes of the UK housing market, which he attributes primarily to under-supply.
Friday 16 May 2014
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.
Thursday 15 May 2014
INTEREST rates won’t be going up any time soon, even though the economy is now booming.
Wednesday 14 May 2014
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.
Tuesday 13 May 2014
TWO POLLS don’t make a trend. But something seems to be going on in British politics right now, and it’s not good news for the Labour party.
Monday 12 May 2014
SO what, exactly, is going on? Why does the UK still have crisis-level interest rates at a time when growth is roaring ahead? When will the penny finally drop?
Friday 09 May 2014
IT’S amazing how fashions change. Just a few years ago, prior to the financial crisis, Big Pharma was demonised. It could do nothing right, and was blamed for many of the world’s ills.
Thursday 08 May 2014
Dear protectionists I fear that you haven’t fully thought through your opposition to Pfizer’s bid for Astrazeneca.
Wednesday 07 May 2014
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.
Tuesday 06 May 2014
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.
Friday 02 May 2014
VICIOUS circles are the new normal in British politics.
Thursday 01 May 2014
IT’S all in the name. What would you prefer, a zero hours contract, or a flexible arrangement with a company that means that you will be asked to work as and when you are needed, with hours variable?
Wednesday 30 April 2014
ANY discussion of the latest economic growth statistics must always be prefaced by a health warning. These are early estimates which are often revised, sometimes drastically.
Tuesday 29 April 2014
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.
Monday 28 April 2014
TRAIN and tube lines are vital for London. Most people commute by rail, and projects like Crossrail or the Northern Line extension will do a huge amount of good.
Friday 25 April 2014
WE ALL know the dangers of high interest rates: borrowers end up having to fork out more, some people and companies with high amounts of debt will go bust, and the reduced disposable incomes and profits hit economic growth.
Thursday 24 April 2014
DO you remember how the City used to be pre-Big Bang in 1986? Neither do I.
Wednesday 23 April 2014
THE VINCE Cable show is back on the road. The business secretary is up to his old tricks again, waging war on business.
Tuesday 22 April 2014
SLOWLY but surely, companies are starting to spend again, buying machines, computers and software and thus gradually beginning to rebalance the recovery.
Thursday 17 April 2014
BRITAIN has turned into a giant jobs factory.
Wednesday 16 April 2014
INFLATION, as Milton Friedman used to argue, is a form of taxation without legislation. Wealth is taken from some people – for example, holders of cash – and given to others – such as those with large debts.
Tuesday 15 April 2014
IN the dreadful communist days, Ukraine and Poland used to be equally poor. The former was part of the Soviet Union, and Poland was one of the USSR’s satellite nations, belonging to the Warsaw pact.
Monday 14 April 2014
ON the face of it at least, all is going swimmingly well for the British economy.
Friday 11 April 2014
CREDITORS are strange beasts: they appear to have virtually zero memory, to be gluttons for punishment and to embrace rewards for failure.
Thursday 10 April 2014
IT is a remarkable story. When Dadabhai Naoroji was elected as the Liberal Party member for Finsbury Central at the 1892 general election, the Mumbai-born became Britain’s first Asian MP.
Wednesday 09 April 2014
AT SOME point over the next few years, the UK will have to decide once and for all what it wants
Tuesday 08 April 2014
FACTS are sacred, unlike mere subjective opinions – or so most sensible people believe. In reality, as every good French philosopher would tell you, what we trust to be objective data-based truths all too often turn out to be social constructs.