THE INTERIM report of Sir Howard Davies’s Airports Commission, released yesterday, is the perfect wake-up call to our political leaders. Expanding London’s airports is critical to Britain’s future economic well-being.
DISRUPTION is capitalism’s great party trick. The history of business is full of seemingly insignificant upstarts who cottoned on to a new technology or idea, and used it to embarrass, and then destroy, proud incumbents.
WHEN considering the powerhouses of the British economy, most people’s minds flick to the City, or perhaps pharmaceuticals or retail. Yet it’s British universities – the envy of the world – which have the potential to save the British economy.
I WROTE at the end of November that the rise of the selfie marked the death of the audience and the rise of an age committed to universal self-expression and performance. This week, even world leaders have been joining in.
IN BUSINESS, as in diplomacy, “war games” or simulations are a useful tool for mapping out tricky negotiations or complex geopolitical issues. The technique is often used by the CIA to play out security scenarios.
AN IMPORTANT feature of the modern Commonwealth has become worryingly obscured in UK debates about its significance: intra-Commonwealth trade and investment flows between its 53 member states (about a third of the world’s population) are growing a
THE BANK of England’s revised mandate may push the Monetary Policy Committee (MPC) to leave interest rates on hold for too long, complicating efforts to bring down inflation and household debt to more prudent levels.
FOR THE first time since before the financial crisis, the chancellor of the Exchequer was able to stand up and announce some good news at the Autumn Statement yesterday: the deficit, the labour market, and growth are all better than expected.
THE AUTUMN Statement confirmed what we already knew. The UK recovery is on track and is set to strengthen. The Office for Budget Responsibility (OBR) now expects growth of 1.4 per cent in 2013 and 2.4 per cent in 2014.
ACCOMPANYING the Autumn Statement, the Office for Budget Responsibility (OBR) upgraded expected growth for 2013 to 1.4 per cent and for 2014 to 2.4 per cent, while the deficit in 2013-14 has returned to falling for the first time since 2010-11.