EU government debt agencies begin removing London from bank contracts ahead of Brexit December 21, 2018 EU government debt agencies have begun the process of switching contracts from London branches of banks to divisions in the bloc ahead of Brexit. Several countries have started changing their “primary dealers” – banks used by governments to manage their borrowing – away from London. Officials from five countries told Reuters this process had already [...]
Don’t ruin Christmas by bringing Brexit to the dinner table December 21, 2018 The build up to Christmas has almost reached its agonising conclusion. Since November, when the first few flinching bars of Slade seeped from the radio, we’ve crawled through endless reels of TV adverts and Christmas lights. It’s nearly over, though; the bonus has been frittered on tat for loathed relatives, the out-of-office message is on, [...]
Gatwick Airport reopens after drones cause Christmas travel chaos December 21, 2018 Gatwick Airport has reopened this morning, after an investigation into reports of drones flying near the airfield caused it to shut down for more than 36 hours. Hundreds of thousands of passengers attempting to travel for Christmas were affected by the disruption, the airport's largest since a volcanic ash cloud in 2010. As of 7am [...]
Here are all the predictions I got wrong in 2018 December 21, 2018 I should have given up making predictions in June 2017. Three months earlier, I had spoken at a conference on Brexit and suggested that the best way forward for Theresa May would be to call a snap election and strengthen her negotiating hand. I don’t know how the Prime Minister got word of my advice, [...]
DEBATE: As the year draws to a close, do we still have reasons to be cheerful? December 21, 2018 As the year draws to a close, do we still have reasons to be cheerful? Viscount Ridley, author of The Rational Optimist, says YES. Yes, we do. A lot went wrong in 2018 for a lot of people; but a lot more went right. Levels of absolute poverty, rates of infant mortality, age-adjusted death rates [...]
The immigration white paper is a case study in self-sabotage December 21, 2018 If the many-worlds interpretation of quantum mechanics is true, there are alternate worlds in which Ed Miliband beat David Cameron in 2015 and the Brexit referendum didn’t happen. In these worlds, the core of Wednesday’s immigration white paper would be a laudable liberalisation of non-EU migration to the UK. Instead, it’s a massive blow to our [...]
The best Christmas gift for rail users would be more competition and scrapping HS2 December 21, 2018 This week is set to be one of the busiest of the year for domestic travel. So, as London’s train stations are swamped with those endeavouring to get away for the their holidays, it’s worth dwelling on what would be the best Christmas present for travellers: a properly functioning rail system. Amid the whirlwind of [...]
Grounded: Gatwick airport remains shut down as Army brought in to deal with drone crisis December 20, 2018 The Army has been deployed to assist with the ongoing crisis at Gatwick airport, which has seen flights grounded since Wednesday because of drones flying near the runway. Drones which have grounded all flights at Gatwick Airport are “highly targeted” and have been “designed to close the airport and bring maximum disruption in the run up [...]
British Gas owner Centrica wades into legal battle with regulator Ofgem over price cap December 20, 2018 Centrica, the owner of British Gas, this evening confirmed it will tomorrow kick start a legal battle with regulator Ofgem over the energy price cap soon to be introduced in the UK. The energy giant will apply for a judicial review of the regulator’s decision to change the dates within which wholesale prices were used [...]
What we all need for Christmas is a little perspective December 20, 2018 Perspective can be hard to find and even harder to appreciate. Having moulded my life into the rhythm of a daily print operation, looking further ahead than tomorrow has become a challenge. Life, as they say, comes at you fast. And if it's your job to catch as much of it as possible, filter it, prioritise [...]