IT’S EASY to forget that Germany was once seen as the Sick Man of Europe. Between 1991 and 2005, its GDP growth averaged only 1.2 per cent a year, compared to 3.3 per cent in the UK.
UNDER the headlines “Bank Robbery” and “Uncle Scam”, there was a stormy reaction to the largest settlement ever between the US government and a corporation – JP Morgan’s $13bn (£7.7bn) November 2013 pay-out over the mis-selling of mortgage securit
Scots currency [Re: Could fears over their future currency sway the Scottish people against independence?, Tuesday]
HOW DO you fashion a small state when there’s a huge deficit and a majority of the political and media class howl at the mere suggestion of less public spending?
WITH A general election approaching, I am not expecting the chancellor’s Budget on 19 March to raise many eyebrows. All political parties are likely to keep the potential vote winners in reserve for their manifestos and the campaign itself.
THE CHANCELLOR has a problem. People do not much like paying taxes, yet there is rising demand for welfare and state services, and politicians fear taking the tough decisions needed to reallocate spending.
UK tax hypocrisy [Re: Savers will pay a terrible price for Europe’s latest stealth tax, yesterday]
THE COMING European Parliament elections could be a turning point: our moment to save Europe from the EU.
I’D JUST arrived in the office when the telephone rang. The enraged caller let rip in a 10 minute diatribe before threatening to put something disgusting through my letter box. For similar reasons, a colleague once received a death threat.
WHEN we asked asset managers and investors to name the most important issue facing the sector, the answer was overwhelmingly how clients’ funds are spent through dealing commission.
Scotland relations [Osborne’s claims that Scotland couldn’t use the pound don’t stack up, Thursday]
ONE OF the areas of overlap between the business and political worlds concerns negotiation; any businessman or government-type worth their salt surely loves the chance to play at being that master actor-negotiator Peter O’Toole, if only for a limi
GUILDHALL is currently playing host to a public inquiry that has major ramifications for planning in the Square Mile and London.
SUPPORTERS of financial transaction taxes (FTT), often known as Robin Hood taxes, claim that they can make markets safer. But a look at London’s frothy housing market makes this argument difficult to sustain.
THE FCA’s report on the annuities market confirms that customers are not being well-served by insurers.
HOW DO you change the world? The answer is one child at a time, by transforming the education system and the influence of parents in that system. How do you transform the education system and the role of parents?
THIRTEEN miles east of the Palace of Westminster, a development is taking place that is vital to the future of London’s housing debate. On the site of a former Victorian power station, a town the size of Windsor is being built.
BRITAIN’S annuity market is not working for consumers. This is the conclusion of an important report, released by the FCA today.
East London [Re: The Docklands legacy can help fix London’s chronic housing crisis, Wednesday]
AT A recent meeting of the Shadow Monetary Policy Committee, I was debating with Capital Economics’s Roger Bootle whether interest rates should rise. His view was that they should not rise yet.
UTTER the words “cyber crime” and many minds will conjure up an image of an awkward teenager, tapping away in their bedroom well into the early hours. But cyber crime can be much scarier than that.
THERE is something about onions that brings out the worst in bureaucrats. Orlando Figes’s A People’s Tragedy chronicles the early years of the Russian revolution.
Confused guidance [Re: Carney’s new focus is spare capacity. Here’s what you need to know, yesterday]
THE STATE’S many faces have been tearing pieces out of each other as the water level rises around London commuter towns. Who is to blame for England’s flooding crisis?
THERE was a time when corporate communication was straightforward. The chief audiences were shareholders and analysts. There was a well-established way of reaching them through the financial media.
LONDON’S housing crisis is caused largely by a chronic shortage of new homes, which is pushing the average house price in the capital north of £500,000.
Eurozone failings [Re: Globalisation lay behind the Eurozone crisis – but it has also rescued the euro, yesterday]
THE ARCHITECTS of the European single currency apparently paid little heed to globalisation or the rise of China. The Delors Report in 1989, which set up economic and monetary union in Europe, didn’t mention either of them.
IN OUR age,” George Orwell once remarked, “there is no such thing as ‘keeping out of politics’. All issues are political issues.” This, of course, is mainly because politicians have made it so.
THERE are only ten individuals from ethnic minority groups among the 289 top executives at FTSE 100 listed companies, a study by Green Park Diversity Analytics has found.
White-collar jobs [Re: Will the spread of automation mean the end of the white-collar worker?, yesterday]
IF THOMAS Hobbes found himself walking down City streets today, he wouldn’t blink an eye. Business life seems to be getting increasingly short and rather nasty.
SCOTLAND’S future relationship with the rest of the UK has once again been making headlines, as we edge closer to the September independence referendum. For Londoners, the “Scottish question” can seem far removed.
IT MIGHT seem absurd to be talking about Crossrail 2 when Crossrail 1 has only just hit the halfway mark.
AT THE European Central Bank (ECB) press conference yesterday, Mario Draghi was asked whether the Eurozone is tipping into deflation and whether the ECB has the tools needed to respond if it does.
AS FACEBOOK turns ten, and with Bill Gates stepping down as Microsoft chairman, it feels like something is drawing to an end. But if so, it is only the end of the technological revolution’s beginning.
THE CLAMOUR for further monetary easing from the European Central Bank (ECB) has become almost deafening. Despite this, the ECB yesterday decided to hold its interest rate at 0.25 per cent.
Spillover effects [Re: Global growth has peaked for now – but no need to panic, Wednesday]