With Iraq pumping oil at its fastest rate since the early 1960s, is this the end of the road for US shale? November 12, 2015 Chris Beauchamp, a senior market analyst at IG, says Yes While oil prices continue to command attention, the shale industry has slipped beneath the radar. Production continues to rise, having skyrocketed in recent years. New drilling techniques have allowed production to remain profitable even as the price falls. But now, a reckoning is due. Production [...]
Bank of England governor Mark Carney’s speech shows there’s more to the City than past mistakes November 12, 2015 It is perhaps a mark of how far we’ve come since 2008 that the governor of the Bank of England can suggest that the time has come for people to start showing bankers a little respect. Mark Carney may have ruled out “hugging a banker” (in the way that David Cameron might have hugged a [...]
India isn’t the new China – but Indian Prime Minister Narendra Modi’s UK visit is worth exploiting November 11, 2015 In 2010, David Cameron chose Bangalore for one of his first transcontinental visits as Prime Minister, promising that taking the economic relationship between India and Britain “to the next level” was a political priority. Since then, bilateral trade, investment and banking have shrunk relative to the size of the two countries’ economies. Both nations have [...]
EU referendum: Will Brexit make you happier? It depends on whether you’re frightened by freedom November 11, 2015 Most analyses of the impact of a potential Brexit from the EU naturally focus on the economic costs and benefits as a proportion of GDP. But what about the potential impact on subjective well-being or life satisfaction? Would Brexit make people happier? The answer will of course be found in the revealed preference on the [...]
Groucho Marx and property bubbles: Why the Bank is right to rein in market exuberance November 11, 2015 The commercial property market in London has been booming for several years and the Bank of England is concerned about yet another property bubble building up. The executive director for financial stability strategy and risk at the Bank, Alex Brazier, argued in a speech last month that positive sentiment in the industry must be tempered [...]
Could the collapse of Portugal’s government reignite the Eurozone debt crisis? November 11, 2015 Chris Bailey, European strategist at Raymond James, says Yes. So far this year, the Eurozone has avoided significant region-wide volatility as spill overs from events in Greece have not sustainably infected other countries or markets. But the still inconclusive outcome from Portugal’s General Election does not auger well. If the only viable government is one [...]
Fast food chains Domino’s and McDonald’s could have lessons for other retailers November 11, 2015 How do you get stuff to people? This seemingly straightforward question poses a dilemma that continues to bamboozle retail executives throughout the world. While many of us are fascinated by products of the future – driverless cars, 3D printers, the internet of things – an equally significant challenge lies in how to bring today’s goods [...]
EU referendum: David Cameron’s reform proposals will deliver an EU worth staying in November 10, 2015 Britain is stronger in Europe. This is not a blind defence of the status quo but a considered judgement that, as long as the benefits of our EU membership outweigh the costs and further reforms are achievable, it is in our national interest to remain a member of the world’s largest trading bloc. If [...]
BT’s broadband network dominance is bad for customers, innovation and the country November 10, 2015 The frustrations with Openreach expressed by Vodafone chief executive Vittorio Colao yesterday are shared by millions of customers and businesses as well as Sky. The current structure where one provider, BT, has complete ownership of the national broadband network has led to unacceptable levels of service, reduced competition, and a poverty of ambition in terms [...]
A yawning gap between schools and business risks leaving the UK behind in the global race November 10, 2015 Good education has the ability to define the success of our country. This may seem like a bold statement but, for long-term sustainable growth, businesses need access to highly skilled talent. For that reason, we’ve been campaigning for schools and businesses to work together to ensure that the skills pupils learn are suitable for [...]