Angela Merkel and Syriza are about to open Pandora’s box: Watch out, Eurozone January 11, 2015 It is not often that I feel sorry for German Chancellor Angela Merkel. Having lived in her country since 2006, for me she is the most overrated of modern politicians, having accomplished almost nothing in terms of substantive policy achievements, while somehow being lionised for her lack of ambition. She is the archetype of this [...]
London must come together to address the challenge of population growth January 11, 2015 The City of London Corporation has a uniquely diverse role. As lord mayor, my job is no exception, as the most cursory glance at my diary will tell you. One minute I’m in my wellies on Hampstead Heath, meeting our talented staff there, and the next I’m overseas promoting British business. But of all the [...]
Why it’s time boards faced up to the corporate culture challenge January 11, 2015 CULTURE in UK business came under the spotlight in 2014, as executive remuneration, market manipulation, supplier arrangements and so on drew comment and criticism. Where does the responsibility lie for ensuring ethical corporate behaviour, and who is accountable when culture is found to be at fault? The Financial Reporting Council’s (FRC) 2014 revision of the [...]
As bankers warn of crisis risks, is the Chinese economy a cause for concern? January 11, 2015 Clare Howarth is lead Asia Pacific economist at Oxford Economics, says Yes. Chinese producer prices have been falling for almost three years, as growth slows and industry struggles with excess capacity. Falling oil prices have pushed producer price inflation (PPI) down faster in recent months, but are also partly a consequence of the cooling economy. [...]
Britain’s future lies in a reformed EU but the Tories are putting that at risk January 8, 2015 When the British people cast their votes on 7 May, they face a real choice. Do they want a Britain hankering for the past, or preparing for the future? Do they want a Britain closed to the world, or open to opportunity? Do they want an economy and a country that works only for a [...]
Charlie Hebdo shooting: We must not surrender our own freedoms in the face of the vile Paris attacks January 8, 2015 This week, Paris has seen the threat to free speech and freedom of expression realised in its most appalling, extreme form. We must not allow the murderous attack on Charlie Hebdo magazine to be used as a pretext for enhancing the powers of the state to spy on us all. France is (even) further down [...]
The world’s brightest will shun the UK if isolationist rhetoric doesn’t stop now January 8, 2015 We all have our own image of UK entrepreneurship. Sir Richard Branson is a common first choice, and Sir James Dyson is another. For me, it is the Indian Restaurateur. When I first founded Cobra Beer 25 years ago, it was these tireless, unsung heroes of UK entrepreneurship who placed their trust and belief in [...]
Is a new report right to suggest that CPIH is the best headline measure of inflation? January 8, 2015 Paul Johnson is the director of the Institute for Fiscal Studies and led the report UK Consumer Price Statistics: A Review, says Yes Unhelpfully, the four headline inflation figures produced by the ONS produce quite different numbers. Politicians and others are not above selecting whichever gives them the answer they want. There are different ways [...]
Britain’s future lies in a reformed EU – but the Tories are putting that at risk January 8, 2015 When the British people cast their votes on 7 May, they face a real choice. Do they want a Britain hankering for the past, or preparing for the future? Do they want a Britain closed to the world, or open to opportunity? Do they want an economy and a country that works only for a [...]
Why London’s world-beating position in global insurance is now under threat January 7, 2015 A new piece of research into the competitiveness of the London insurance market, released by the London Market Group late last year, confirmed many existing fears. The capital’s position as a world leader in insurance is under threat, and it’s critical that we confront – with the support of the UK government – the challenges [...]