Opinion

THE WORDS risk and business are often brought together to conjure up colourful stereotypes like Gordon Gekko, Bernie Madoff or the “Wolf of Wall Street” – an individual who is ruthless, excessive and above all a “risk-taker”.

ALAS, poor Cecil! Close personal friend of mine, sadly dead now. The catchphrases of the Scottish comedian Bob Doolally capture the outpourings of grief among the Twitterati at the death of the now famous lion.

RED HERRINGS, known for their pungent odour, are said to have been used by escaping prisoners as a way of throwing the pursuing bloodhounds off their scent. Who knows if it ever worked.

"The world would be a better place if businesses stopped thinking so much about short-term results and focused more on the long term," wrote Adi Ignatius, editor of the Harvard Business Review, in January 2014.

Do you remember the time when healthcare professionals used to argue that the NHS was adequately funded, and that further injections of money were not needed? Me neither, because there never was such a time.

Capital ratios are the best indicator we have of a bank’s strength and resilience – and yet they are currently unaudited.

I always wonder about China. After years of contemplating the place, about the only thing I am entirely sure of is that it remains the least understood great power in the world.

My title might be “lord mayor of the City of London”, but really that’s quite misleading. It’s my job to represent the whole of the UK’s financial and professional services industry, wherever it’s based.

Addison Lee’s Catherine Faiers just can’t stop talking about Uber.
Uber causes a storm wherever it goes. First, there’s the storm of applause as passengers initially embrace what looks like an exciting, disruptive new technology.

The American Nobel laureate Milton Friedman (1912-2006), who would have turned 103 today, was not a big fan of the European project.

GDP figures out earlier this week confirmed that the UK economy is growing well. In five of the past six quarters, UK GDP has risen by 0.7 per cent or more. The annualised growth rate over this period has been 3 per cent.

On 8 May, a large swathe of the British business community breathed a huge sigh of relief, as it transpired that Ed Miliband’s Labour Party had been decisively defeated in the general election. 
 

Some say that manufacturing in the UK has become unfashionable. The most recent figures show that the UK continues to operate a substantial trade deficit, standing at £400m in May this year.

It has now been a month since the Airports Commission made a clear recommendation to give the green-light to a new runway at Heathrow, following three years of consulting and examining the evidence. I fully back that recommendation.

It was at the time of another landmark Budget – Nigel Lawson’s in 1988 – that the UK’s rental market as we know it first began to emerge.

Would you be happy if the cabin crew announced that the plane you were about to take off in had no pilot, and was going to be flown solely on autopilot? My guess is no.

The activities of the House of Lords are very much in the news at the moment. But the members do carry out serious work, not least on the Economic Affairs Committee.

President Obama’s carefully chosen words last week are a reminder of what is at stake in the forthcoming referendum on Britain’s place in Europe.

The Republican Party must be tearing its hair out. For years, visitors from the US have extolled the strength of the party’s potential Presidential candidates for 2016.

Most talk of welfare is about how much we spend. Far too little is about how we actually spend it, but this is what really determines whether it does what we want or not.

Barcelona – As he frantically tries to stop his party consummating its suicide pact with the highly gormless Jeremy Corbyn, it is suddenly easy to remember why former Prime Minister Tony Blair was a giant among pygmies during his reign as the most

London's air pollution is making thousands more people die early each year” and “time to transform London’s air quality” have been some of the more stark headlines in recent weeks.

As David Cameron tours south east Asia this week, he can take heart from the recent experience of an iconic British brand which resonates all over the world.

Buy-to-let landlords have a huge advantage in the market as they can offset their mortgage interest payments against their income, whereas homebuyers cannot.” That’s how the chancellor explained his decision in the Budget to require that landlords

Where are Europe’s fastest growing economies to be found? They are in Eastern Europe.

This weekend, the Conservatives will be holding interviews with the candidates who want to be included in the party’s open primary for next year’s London mayoral election.

China's meteoric economic transformation has brought billions of workers out of poverty and into the global labour market.

Jean Tirole won last year’s Nobel prize for economics for his work on a new type of market – and one that has grown with the meteoric rise of the internet. So-called two-sided markets arise when a company brings together suppliers and consumers.

Bank of England governor Mark Carney has set the cat among the pigeons with his recent comments on interest rate rises. From the media response, one could infer that a rate rise is just around the corner and a done deal.

Mohammed Emwazi, Michael Adebolajo, Seifeddine Rezgui – by all accounts quiet, unassuming individuals until they became ISIL’s celebrity executioner, Lee Rigby’s murderer, and author of the Tunisian massacre respectively.

AS HSBC mulls over whether to leave the UK, it’s time for Londoners to re-embrace the City of London. Indeed, if I was mayor, I would be campaigning for major banks to stay headquartered here, unlike the current mayor.

The holiday season is getting into full swing, but a shadow has been cast by the abysmal failure of our boys to get anywhere near the enormous target of 509 which Australia’s cricketers set them to win in the second Test match.

Heartening as it was to hear the governor of the Bank of England, Mark Carney, dropping hints last week about the raising of Bank Rate, serious doubts remain over the effectiveness of the low interest rate regime in reviving the economy.

When the euro was adopted, British sceptics argued that it was impossible to have a single currency without a single country. They suggested that you need central control of fiscal policy to stop governments from borrowing too much.

It's no secret that London Conservatives are deeply divided on Heathrow expansion. So far, I’m the party’s only mayoral candidate to support the Davies Commission’s recommendation that the airport should get a third runway.

“Giving people self-confidence is by far the most important thing I can do. Because then they will act.”

The City has had an action-packed fortnight, stuffed with events that each had a very different focus and a very different meaning.

One of the consequences of this year’s General Election is that HS2, the high-speed line from London to the Midlands and the North, is now almost certain to happen.

One thing underpins Britain’s economic recovery more than anything else: the resilience and potential of London’s economy.