The IMF is wrong to be so gloomy: The British economy is strengthening not weakening post-Brexit October 5, 2016 I have two problems with the latest analysis of UK economic prospects in the IMF World Economic Outlook released this week. First, it is slightly dated and doesn’t take on board some important recent releases. The IMF is behind the curve. Second, the UK forecasts for next year appear to be based more on assumption [...]
Look to Twitter for why Britain’s economy proved Project Fear wrong October 5, 2016 The economic data on post-Brexit Britain is beginning to emerge. We discovered last month that employment in May to July grew by 174,000 compared to the previous three months. Last week, the Office for National Statistics published its estimate for the output of the service sector of the economy in July. This showed a 0.4 per [...]
Back Britain’s asset management industry during Brexit to build an economy that works for all October 5, 2016 The recent slew of positive signs about the state of our economy following the Brexit vote is welcome news. The fact that the OECD has raised its forecasts, that the ONS is pointing to good preliminary indicators and that groups such as Moody’s are saying the challenges are manageable are very good and very positive [...]
As Tesco shares jump after it reported another rise in sales, is the retailer out of the woods? October 5, 2016 Clive Black, head of research at Shore Capital, says Yes. If you go down to the woods today… well, you won’t find Tesco chief executive Dave Lewis. Two years on from a troubled and tortuous analyst meeting, with the business on its knees, the Tesco boss is reporting that the remedial measures introduced to guide the [...]
How to stop your business from getting a soggy bottom October 5, 2016 Great British Bake Off (GBBO) is unquestionably one of the most popular shows on television. It attracts 13m viewers and appeals to the whole family and has done this more successfully than anyone else for six years. In fact, I’d even go as far to wager that a considerable number of you reading this now might [...]
British Airways’ move of dropping free meals is eating into its brand image October 5, 2016 British Airways has been in the news for a number of reasons over the last couple of months and YouGov’s brand tracking data indicates that perception of the brand has been impacted as a result. Just last week, the airline announced it was to cut its free meals on short haul economy flights. Passengers will [...]
Tesco’s Drastic Dave must keep delivering to revive fortunes of the supermarket giant October 5, 2016 Tesco's slogan “every little helps” was aimed at cost-conscious shoppers in the financial crisis, but the same could also be said of the grocer’s gradual recovery under CEO Dave Lewis. Two years into his tenure, the retailer can perhaps add a new catchline to its roster: buy everything here. Lewis is steering the Tesco juggernaut [...]
Jeremy Hunt’s anti-foreigner agenda will devastate the NHS October 4, 2016 In the bizarre post-Brexit chaos, there are now increasing voices arguing that in order to curb immigration from the EU we should be willing to give up access to the Single Market. We should be clear that both of these developments would be disastrous for the City, negative for the economy as a whole and a catastrophe [...]
Sadiq Khan’s plan for one new East London road crossing just isn’t enough October 4, 2016 After years of lobbying for more fixed river crossings east of Tower Bridge, Sadiq Khan’s announcement yesterday that the Silvertown tunnel, along with a DLR extension from Gallions Reach towards Thamesmead and a cycle bridge between Rotherhithe and Canary Wharf, will get the go-ahead is hugely welcome news for London. But he must not stop [...]
We need to raise our ambition on mega-infrastructure projects October 4, 2016 As commuters, we are only too aware of the increasing strain being put on our roads and railways. The problem we all face on our crowded journeys to work is one of capacity, and this acutely highlights the need for sustained infrastructure investment across our transport network in the years ahead. For Londoners at least, [...]