Allister Heath was Editor of City A.M. for six years up until June 2014.
Tuesday 03 December 2013
IT WAS meant to be one of the most basic rules of economics: the more people produce, the more they get paid. It is a long-standing, near-universal relationship that helps to explain why some jobs are so much more lucrative than others.
Monday 02 December 2013
EVERY little helps. George Osborne’s Autumn Statement on Thursday will contain some positive changes, for which it would be churlish not to congratulate him.
Friday 29 November 2013
ONE of the great but ultimately vacuous buzzwords of the Blair years was “joined-up government”; a fuzzy, heart-warming attempt at making sure that every part of the state machinery worked together, trying to achieve the same objectives.
Thursday 28 November 2013
WHEN Benjamin Disraeli, the 19th century Prime Minister, wrote of “two nations, between whom there is no intercourse and no sympathy”, he was of course referring to the rich and the poor.
Wednesday 27 November 2013
BUSINESSES are often very good at predicting the trends in their own, narrow markets – but they are not always able to see the big picture clearly.
Tuesday 26 November 2013
SOMETIMES I really do wonder who is in power in this country. Is it a Tory-Lib Dem coalition, dedicated to ensuring the UK is open to business, or is it the Labour party?
Monday 25 November 2013
IT was the fiftieth anniversary of John F Kennedy’s assassination this weekend. Yet amid all the retrospectives, not enough has been said about his tax policies, which were better than those of almost any Western government in power today.
Friday 22 November 2013
SLOWLY but surely, George Osborne’s budget deficit is going down. It is still far too large for comfort, and the rate at which it is improving remains disappointing, but at least the numbers are moving emphatically in the right direction.
Thursday 21 November 2013
IF you want to see what real austerity looks like, take a trip to the US. Real federal spending is set to slump by six per cent in the fourth quarter, compared with the same period a year ago, according to Goldman Sachs.
Wednesday 20 November 2013
IMAGINE the following scenario. It’s 2024 and we are in the middle of a major banking crisis caused by a political implosion in China.
Tuesday 19 November 2013
REMEMBER the righteous folk telling us that the problem with banking was all those nasty, profit making global corporations, with their horrid shareholders and especially those awful hedge funds?
Monday 18 November 2013
LISTEN up, entrepreneurs: you are about to get your own trade union. Yes, you read that right – a union, or at least a pressure group, specifically set up to fight for those who create and set up businesses.
Friday 15 November 2013
IT is welcome news that a US federal court ruled last night that Google can continue to build a digital library by scanning more than 20m books.
Thursday 14 November 2013
LAST night was an occasion to remember: City A.M.’s fourth annual awards celebrating the best and brightest of London’s business and financial communities.
Thursday 14 November 2013
IT’S official: even the Bank of England now agrees that the economy is recovering.
Wednesday 13 November 2013
IT IS usually a pretty good rule of thumb that nobody really learns anything from booms and busts.
Tuesday 12 November 2013
GOVERNMENTS shouldn’t try to centrally plan economies. It is absurd for the coalition to have decreed that it wants UK exports to reach £1 trillion a year by 2020, for example.
Monday 11 November 2013
LONDON is a global city, and together with a handful of other ultra-successful urban centres worldwide, the closest we have today to the ancient Phoenician and Greek city-states.
Friday 08 November 2013
BELIEVE it or not the European Central Bank did the right thing yesterday by cutting interest rates.
Thursday 07 November 2013
ONE of the perennial myths about this country is that we are somehow uniquely keen on home-ownership and are culturally averse to renting.
Wednesday 06 November 2013
IN the long run we are all dead – that was John Maynard Keynes’ excuse when justifying short-termist policies to boost the economy.
Tuesday 05 November 2013
SLOWLY but surely, the public is turning its back on the free market economy and reembracing an atavistic version of socialism which, if implemented, would end in tears.
Monday 04 November 2013
IT is clear that the working poor desperately need help. With the cost of living rocketing, they are being hammered.
Friday 01 November 2013
EVEN the Bank of England sometimes makes mistakes. It was forced to correct its most recent data on consumer borrowing yesterday, in a development that confirmed what many of us feared all along: credit is beginning to surge dangerously.
Friday 01 November 2013
John Cridland tells Allister Heath and Elizabeth Fournier that investors are beginning to worry about the UK