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.
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.
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.
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”.
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.
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.
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
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”.
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