Forget New York versus London: Business has its own special relationship October 12, 2014 If two cities could ever be described as siblings, it would be London and New York; two truly global cities, alive with culture, and both co-operating and competing as the world’s two largest international financial centres. And like all siblings, we often engage in friendly rivalry, jostling to be the best at theatre, art, fashion, [...]
As oil prices fall sharply, is this a worrying sign for the health of the global economy? October 12, 2014 Ole Hansen is head of commodity strategy at Saxo Bank, says Yes. The sharp drop in oil comes at a time of rising global tensions. IS militants are causing havoc in the Middle East, while deteriorating relations between Russia and the West have triggered something akin to a new Cold War. Lower oil prices mean [...]
Both Miliband and Cameron must bet the house on Rochester to save themselves now October 10, 2014 Ukip's victory in the Clacton by-election was historic, if not unpredictable. From the moment Douglas Carswell entered the room of shocked journalists and activists in August and declared his defection, to when the polls opened early on Thursday morning, it was inevitable that Ukip would be celebrating the election of its first MP – a [...]
Lib Dems are right to push for decriminalisation of prostitution October 10, 2014 The Liberal Democrats overwhelmingly reaffirmed their call to decriminalise prostitution at their Autumn Conference in Glasglow this week. While sex work is technically legal across the UK, strict prohibitions on soliciting and brothel ownership remain on the books with sporadic enforcement — such as a major raid conducted in SoHo last December by the London [...]
London is a scientific powerhouse – and it’s about more than Nobel Prizes October 9, 2014 THE AWARD of the Nobel Prize in Physiology or Medicine this week to London-based professor John O’Keefe, along with his colleagues Moser and Moser, is well-deserved recognition for truly ground-breaking science – science which, in time, could have profound ramifications for the way we understand and treat neurological diseases like Alzheimer’s. His story is typical [...]
Don’t politicise airport expansion: Heathrow is the only option for a global UK October 9, 2014 AS PARTY conference season comes to an end and we close in on the 2015 general election, it is critical that the future of the UK’s aviation capacity is not politicised. When the Airports Commission hands down its recommendation next year, the country needs a quick decision from government with cross-party support. This debate isn’t [...]
Ordinary investors are losing out in the rush for cut-price flotations October 9, 2014 THE MASS market British Gas and BT privatisations of the 1980s created a whole new generation of investors and, 30 years on, the next generation is waiting in the wings. With many companies – including high profile public brands – keen to save flotation costs, however, retail investors are being ignored and denied the opportunity [...]
As German exports plunge, could the economic giant drag the whole Eurozone into recession? October 9, 2014 Ruth Lea, economic adviser to the Arbuthnot Banking Group, says Yes. Germany’s economy accounts for over a quarter of the Eurozone’s GDP and, until recently, seemed in good health. In contrast, France and Italy are struggling with stagnation and recession respectively. Germany’s GDP fell by 0.2 per cent in the second quarter of 2014, but [...]
A balance must be struck between accountability and preserving quality in banks’ boardrooms October 8, 2014 The news that two directors of HSBC’s UK operation are stepping down because of proposed bank sanctions provoked a predictable reaction: good riddance, cried one commentator; they exerted no real influence anyway, exclaimed another. Both missed the point. The timing of the resignations of Alan Thomson and John Trueman could not have been more [...]
Arbitrarily criminalising banking is a reckless way to reform British finance October 8, 2014 THE RADICAL plan to prosecute bank bosses for reckless misconduct in the management of a bank is ringing alarm bells across the City, with a slew of top bankers now threatening to join the duo from HSBC in quitting the industry in protest. The political allure of the proposal is clear. Since the financial crash [...]