THE RICH keep getting richer”. If you’ve been watching Channel 4 over recent weeks, you will likely have been subjected to unsubstantiated claims such as this.
TWENTY years ago, I sat on Wall Street as an expectant, newly-hired investment banker, being trained in the arts (although there was some science involved) of corporate finance, bond maths, and company valuations.
DAVID Cameron has warned of an unstable global economy. He says red lights are flashing on the dashboard. They are, but only in some parts of the world. Elsewhere, recovery looks firmly entrenched.
Alex Edmans, a finance professor at London Business School and Wharton, says Yes.
Having worked in Washington for the better part of a decade, I absolutely despise conspiracy theories, as they simply do not explain the world as I’ve found it.
As those of you who braved the elements last Saturday will know, there’s a new lord mayor in town. I am thrilled to have the opportunity to take over from Fiona Woolf in this 900 year old office.
Just four years after the Prime Minister and the mayor of London launched the Tech City initiative, London now has one of the fastest growing technology sectors in the world.
Christian Schulz is senior economist at Berenberg, says Yes.
In a matter of weeks, during the first few days of January, I will be calling people to invite them to next year’s City A.M. awards.
BEFORE the fiscal and monetary stimulus of “Abenomics”, Japan was afflicted with a chronic economic sickness. Crippled by excess private sector savings, it fell into deflation in the 1990s, despite very low nominal interest rates.
THE LATEST forecasts for global population growth continue to surprise. The number of people on our planet is thought likely to reach 11bn, or even 12bn, by the end of the century. Africa’s population is set to quadruple to 4bn.
THIS week brought some long-awaited good news for Britons’ pay packets, as ONS data showed that average wages have beaten inflation for the first time since 2009.
David Skelton is director of Renewal, an organisation dedicated to broadening the appeal of the Conservative Party, says Yes
In the age of 24-hour news, local and international headlines are instantly accessible, and the “developing” label placed on many nations and regions is looking increasingly out of date.
Islamic State’s (IS) gruesome beheading videos thrust it onto the world stage and galvanised Western military intervention.
Political debates over the benefits and drawbacks of immigration will no doubt rage on for years to come.
Rob Wood is chief UK economist at Berenberg Bank, says Yes.
To the dismay of fans the world over, in the last week Taylor Swift decided to remove all her songs and albums from the music streaming service Spotify.
The Airports Commission launched its public consultation on the three listed options for airports expansion yesterday. This follows the Commission’s clear recommendation that London and the South East needs one additional runway by 2030.
THE LEADER of the Labour party has provided us with a very effective piece of forward guidance. Ed Miliband’s statement that he would bring in a mansion tax on properties worth more than £2m has already had a dramatic impact.
FOR ITS decisive and co-ordinated action to deal with the financial crisis, the G20 won a lot of credibility.
John Lamidey, senior partner at Arminius Associates and former chief executive of the Consumer Finance Association, says Yes.
WRITING for City A.M. in advance of his speech at the CBI conference yesterday, Ed Miliband penned 700 words of waffle. Ostensibly, this was on the pretext of setting out Labour’s position on the European Union.
IMPORTANT voices are softening up the public for significant tax rises after next year’s election. Last week, the Institute for Fiscal Studies’s Paul Johnson wrote an article entitled “Whichever way you cut it, taxes need to rise”.
THE ROBOTS are coming, and they’re after your job. New research from Oxford University and Deloitte will be sure to send a shiver down the spine of British workers.
Dr Thomas Huertas, a partner at EY and head of its global regulatory network, says Yes. Tougher regulation reduces the likelihood that banks will fail – but it can still happen.
It takes one to know one – and thus I can confidently declare that ex-Sainsbury’s boss Justin King is a contrarian.
“Right Here, Right Now, There is no other place that I want to be, Right Here, Right Now, Watching the world wake up from history” – Jesus Jones, Right Here, Right Now
OVER the last few weeks, I have had the opportunity to discuss the political situation in Britain, and the state of Britain’s relations with the EU, with business and political leaders in both Brussels and London.
TODAY, the country’s leading politicians and business figures are getting together at the CBI Annual Conference to debate ideas for future growth.
Kate McCann is political reporter at City A.M, says Yes.
Around the Tower, the poppies flow, recalling crosses, row on row...
IT’S NOT surprising that peer-to-peer lending is becoming so popular. After years of low interest rates and scandals, there is a feeling that financial services should get back to basics.
YESTERDAY, the Competition and Markets Authority (CMA) announced that it will be launching far-reaching investigations into the state of competition in the personal current account and smaller business banking markets.
When I was young, Christmas was a magical time, filled with wonder and delight. But as I grew older, and Father Christmas was revealed for who he really was (thanks dad), the shine wore off.
Alisdair McIntosh, director of Business for New Europe, says Yes. Lord Hill says that “the sensible thing now is to try to calm the situation down, and to look at the facts and look at a practical solution”. He’s right.
Those hoping the resurrection of the Virgin Money flotation might lead London’s initial public offering (IPO) markets into an end-of-year revival should take a read of yesterday’s statement from Stock Spirits Group, the Polish vodka maker that flo
It's the privatisation row that won’t go away.
SINCE its inception, the market for bitcoin has experienced one of the most remarkable roller coaster rides of all time.
THERE is a wonderful description of London from 1622, written by the pamphleteer Donald Lupton. He evokes the “Great Beehive”, “swarming” with people, the capital “a glutton that desires always to be full”.
This weekend, people across Europe will commemorate the twenty-fifth anniversary of the fall of the Berlin Wall.
Ole Hansen, head of commodity strategy at Saxo Bank, says Yes. A period in which crude oil prices were below $80 per barrel would begin to hurt the US shale industry.
Homebase, the home improvement giant, has announced that it is to close about a quarter of its 323 stores, raising questions as to whether this a necessary restruct­uring or because the nation – and particularly the younger generat­ion – has falle
I WOULD love to believe that we now live in a meritocratic nation, in which success depends on talent and hard work, rather than connections and class. But it is evidently not so.
THE NORTH is the flavour of the month. Wrangles over HS2 persist, and opposition to the scheme in the affluent Home Counties grows, but George Osborne is trumping this.
Long after it was agreed, the EU Working Time Directive continues to pose a significant headache for business.
Anthony Glees, professor of politics at the University of Buckingham, says Yes.  GCHQ chief Robert Hannigan’s comments are a major intervention.
THE ANNOUNCEMENT that the UK must stump up a further €2.1bn (£1.7bn) to finance the EU’s ballooning budget has understandably caused outrage.
“Never let a serious crisis go to waste”, concluded Rahm Emanuel, Barack Obama’s ex-chief of staff. For our political commentators, a more accurate phrase might be “never let a tragedy go to waste”.
CHELSEA football manager Jose Mourinho is right, as ever. Stamford Bridge, the club’s home stadium, has become too quiet, even though it’s full to the rafters every week with more than 41,000 fans.