Before Britain joined the EEC, we had free movement between Australia, New Zealand and Canada. Post-Brexit, we can reignite the benefits that brought September 21, 2016 Nearly three months on from Britain’s momentous decision to leave the EU, our future remains uncertain. The Prime Minister is not expected to invoke Article 50 until next year and we’re yet to see a precise outline of the type of deal that she will seek to achieve in the coming exit negotiations. Some Remainers [...]
What to expect from Philip Hammond’s Autumn Statement September 21, 2016 The UK entered a period of heightened political and economic uncertainty following the EU referendum. But as the fog begins to clear, we are starting to see more clearly what might be on the horizon. We downgraded our forecast for UK economic growth in the aftermath of the referendum. Our concerns have since receded, as [...]
Would harsher punishments deter the likes of Twisleton-Wykeham-Fiennes? September 21, 2016 Natalie Twisleton-Wykeham-Fiennes: don’t you just love her? One of the Black Lives Matter campaigners, our Nat caused chaos by occupying the runway at London City Airport, on the grounds that climate change is racist. She and eight others, including a former member of the Oxford University Croquet Club, were sentenced by the courts last week. [...]
What should Hammond do to ensure steady management of the public finances? Not very much. September 20, 2016 Quietly, and without fuss, the Treasury has revealed that the first budget of Theresa May’s government will be unveiled on 23rd November. The confirmation of the Autumn Statement date was made just under two weeks ago – the chances are, you didn’t even notice. The memo was a passive and reserved show of defiance. Earlier [...]
Would a 2017 General Election mean a landslide victory for the Conservative Party? September 20, 2016 Tim Bale, professor of politics at Queen Mary, University of London, says Yes. Unless everything we think we know about politics turns out to be wrong, the Tories are going to win the next election. They are way ahead of Labour on both economic competence and best Prime Minister. Just how big that win will [...]
Evolve or die: The high street is not dead but it must shape up fast to lure shoppers September 20, 2016 Reports on the impending death of the high street may be greatly exaggerated. According to the new Omnico Retail Gap barometer, browsing and paying in-store is still the nation's favourite way to shop, with 43 per cent of consumers choosing this method. This was followed by 17 per cent of people who said they liked [...]
Things move slowly in the WTO – there’s a significant leadership opportunity for the UK September 20, 2016 Step changes typically pass unnoticed until after the event that triggered them has passed. The step change anticipated if Leave succeeded was a huge loss on the markets. That did not occur. But there is an unanticipated step change. An opportunity has emerged for the UK to lead action in reconstructing the World Trade Organisation [...]
As Neil Woodford criticises its attitude to funding startups, is the UK capable of producing the first trillion-dollar company? September 20, 2016 Luke Hakes, investment director at Octopus Ventures, says Yes. You have to believe the UK is capable of building the world’s first trillion-dollar company. Historically, the UK ecosystem lacked the weight of capital required to take startups to the next level, especially when compared to Silicon Valley. But that’s been changing and the UK has made [...]
Sir Win Bischoff: Trustworthy information isn’t enough – trustworthy behaviour in a company is equally as important September 20, 2016 What can business do to rebuild public trust? There may be no silver bullet, but there is no doubt that corporate behaviours need to be closely aligned with long-term value creation for all stakeholders. With the government and others taking a close interest in issues that portray business as out of touch, firms face a [...]
Uber’s “heartless” New York price surge actually shows the vital importance of market forces September 20, 2016 "How could they be so heartless?” declared a newspaper on Facebook. “Shame on you” screamed the paper’s headline. No, this was not about the despicable bomb attack in Manhattan’s Chelsea neighbourhood on Saturday. It was rather a public shaming for the ride-sharing app Uber after customers complained of increased prices following the explosion. With a [...]