Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals
The Long View: UK leadership of the international space race isn’t entirely out-of-this-world November 14, 2013 WHO SAYS the sky has to be the limit? Britain’s space industry has ambitions to become a global leader. The sector’s new growth plan, announced this week, includes establishing a British spaceport within five years. It wants our 6.5 per cent share of the global space market in 2010 to be 8 per cent by [...]
How a new garden city could offer affordable family homes at scale November 14, 2013 LORD Wolfson’s decision to devote his £250,000 Economics Prize in 2014 to how to deliver a new garden city has raised eyebrows. The prize has rapidly become a rallying point for the most challenging questions of the day, with Roger Bootle winning last year for his treatise on how a country should exit the euro. [...]
Letters to the Editor – 15/11 – Building pressures, Best of Twitter November 14, 2013 Building pressures [Re: The Greenbelt sacred cow: It pens in the poor for no environmental gain, Monday] It is not only Greenbelt land that is being wasted. There is so much scope for Brownfield development in London. Bishopsgate Goods Yard – a 10 acre plot by Shoreditch that has sat derelict for 50 years – [...]
Stronger growth points to review of the Bank’s forward guidance policy November 13, 2013 THE UK economy is looking up – it’s official! The Bank of England delivered a hat-trick of good economic news yesterday in its latest Inflation Report projections. Economic growth is looking stronger, inflation is coming down more quickly than expected, and unemployment is now projected to be lower than in the previous forecast in August. [...]
Mentors are key to helping entrepreneurs reach the next stage of development November 13, 2013 IT SEEMED Julie Waddell had all the ingredients for success when she set up Moorish, which sells Britain’s only smoked hummus products. Orders were pouring in, a leading supermarket had expressed interest in her wares and she had been nominated for an industry award. But Waddell needed help. Lacking business experience, she turned to Chris [...]
Do not assume that an interest rate rise would be bad for the economy November 13, 2013 OTHER things being equal, is it better if interest rates are as far below inflation as feasible, or as high above? Most discussions of interest rates assume that lower interest rates are the better. We are told, in an optimistic tone, that “the Bank of England may be able to keep interest rates at 0.5 [...]
Letters to the Editor – 14/11 – Greenbelt, Premier league bid, Best of Twitter November 13, 2013 Greenbelt [Re: The Greenbelt sacred cow: It pens in the poor for no environmental gain, yesterday] I agree 100 per cent with the author. Support for the Greenbelt is strong among those over 60. In many cases, these people bought property between the 1960s and 1980s, when prices were often below £50,000 in today’s money. [...]
How institutional capital could keep the lights on and lower energy bills November 12, 2013 WITH so much talk about the lights going out in the UK over the next two to three years, it almost starts to be believable. In its last Electricity Capacity Assessment, Ofgem prophesied that our reserve margin of available capacity could fall below 5 per cent of total peak demand by 2015-16, raising the risk [...]
Against the Grain: The future’s bright for young people – but only if they learn more maths November 12, 2013 A FASHIONABLE topic among pessimists is the lifetime prospects of children born into the middle class. Graduate debt, falling home affordability, and job insecurity after graduation, they all add up to to a miserable picture for young people today. Alan Milburn, the government’s “social mobility tsar”, put the seal of approval on this prevailing angst [...]
Why it’s no time to be complacent about the UK’s inflation problem November 12, 2013 THE SURPRISE fall in the annual inflation rate in October to 2.2 per cent on the consumer price index and 2.6 per cent on the retail price index is obviously welcome news. However, it’s too soon to be complacent. It also reminds us that inflation has been consistently above the Bank of England’s 2 per [...]