The great British wage squeeze should be about to end March 26, 2014 A FASTER growing economy is key to improving living standards. This very simple claim rests on a more complex point – how closely linked are wages, productivity and economic output? For the government, its chances of success at the next General Election could largely be determined by the answer to this question. The most recent [...]
London will come to a standstill if we delay Crossrail 2 March 26, 2014 LONDON will start grinding to a halt if Crossrail 2 – the proposed new north-south rail line for the capital – isn’t built by 2030. That’s why London First, the business promotion body, has recommended a firm plan for Crossrail 2, including significant property developer contributions so that London could directly pay for a large [...]
Letters to the Editor – 26/03 – Personal liberty, Best of Twitter March 25, 2014 Personal liberty [Re: Pension reforms mark a welcome move towards individual liberty, yesterday] You only have to look to Switzerland, where there is a real sense of personal responsibility, to see the importance of handing power back to the people. It has a very stable political system, based on decentralisation and frequent referendums. And the [...]
Regulators beware: Why capitalism needs crisis March 25, 2014 WE LIVE in a world riddled with black swan fatigue, and this piece does not propose to add to it. Still, the recent financial crisis and its continuing implications have invited hyperbolic comparisons, most notably with the 1930s. That decade is seared in cultural memory as the Great Depression – a traumatic time of economic [...]
How fear of globalisation could propel Miliband into power March 25, 2014 THE IMPROVEMENT in the economy has seen a narrowing of the gap in the opinion polls between the Conservatives and Labour. In the key marginal seat of Bury North, a Tory gain in 2010 by just 2,200 votes, the party even took a council seat from Labour recently. Bill Clinton famously said about elections that [...]
The green myth: Why renewables destroy jobs March 25, 2014 POLITICIANS and activists are celebrating the news that Siemens is prepared to invest £160m in facilities in and around Hull to produce and install offshore wind turbines. It sounds like good news: 1,000 new jobs. But our embrace of renewable energy will cost jobs overall, not create them. The UK is putting eye-watering amounts of [...]
Letters to the Editor – 25/03 – Russia and the City, Savings culture, Best of Twitter March 24, 2014 Russia and the City [Re: The UK is not as dependent on Russian money as you think, yesterday] Some interesting data, but there are also some unanswered questions. What about law firms’ revenue? And even if the money is not held in the UK, how much of it is managed from a UK-based family office? [...]
Why Western weakness stems from a failure to grasp Putin’s motives March 24, 2014 VLADIMIR Putin is having an easy time of it, precisely because the West is so at sea as to who he is and what he is trying to accomplish. The Russian President has painfully exposed our foreign policy elite’s schizophrenic tendencies, veering wildly between hysterical alarmism and useless gestures, both of which make the West [...]
Academies are transforming education: Here’s how March 24, 2014 AS SOON as you walk into a great school, you can feel the buzz. Children are confident, staff are passionate, and high academic achievement and exciting extra-curricular activities sit side by side. As an academy sponsor, and chair of the Department for Education’s Academies Board, I’ve visited many schools like this. Schools like Great Yarmouth [...]
Why individual liberty could be the new election battleground March 24, 2014 If people are given responsibility, they behave responsibly. So if we give people more political power, I believe that will create a country with a greater sense of social responsibility.” So said David Cameron in 2010. I remembered this quotation last week as the fallout from the Budget saw a debate open up over the [...]