Contradictions in new bank rules create fresh risks May 1, 2012 ECONOMIC issues will dominate political discussions about the votes taking place across the EU in the coming month. As well as our own local elections, there are local elections in Germany and Italy, presidential elections in France and Hungary, a general election in Greece and a referendum in Ireland on the EU’s new fiscal treaty. [...]
Are the huge queues at Heathrow airport a problem for Britain’s reputation overseas? May 1, 2012 YES Willie Walsh London rightly aspires to be the business capital of the world. And the government keeps telling us that the UK is “open for business”. Why, then, are ministers apparently content to see potential overseas investors, and UK business people returning from securing vital job-creating contracts, frequently queue for over an hour just [...]
RAPID responses May 1, 2012 Brain drain [Re: It’s time for the supporters of the single currency to apologise, yesterday] An excellent article. As someone who works in recruitment, many of my best applicants are from Greece, Portugal, Spain and increasingly Italy. But not too many from Ireland, yet. The irony is that these are the most highly-skilled and mission-critical [...]
The mayoral debate: Boris and Ken issue their final message to voters April 30, 2012 THIS election comes when we have been going through the toughest times that anyone can remember. The big question is therefore blindingly simple. It is about who has the best plan for the jobs and growth that will help bring prosperity to all. It is about who will deliver the investment – from central government [...]
Double-dip alarm is premature and politically driven April 30, 2012 ACCORDING to the latest figures, Britain has fallen back into recession. Some have seized the opportunity to pin the blame on the coalition’s austerity measures, but I don’t believe that’s right, for two reasons: first, this isn’t austerity, and second, I’m not convinced there’s a recession. Let’s be clear: a budget deficit equal to 7.7 [...]
A year after Osama Bin Laden’s death, is the world now a significantly safer place? April 30, 2012 YES Robin Simcox The world is undoubtedly a safer place following Osama bin Laden’s death. Al-Qaeda finds it easy to replenish mid-level commanders and footsoldiers, but a figurehead like bin Laden is virtually irreplaceable. Bin Laden’s sermons inspired Islamist extremists around the world to fight and die in his name; he also had military legitimacy, [...]
RAPID responses April 30, 2012 Gordon’s legacy [Re: A recession made in Downing Street – but not caused by cuts, Thursday] It is right to continue to criticise Gordon Brown for our economic position. By basing future expenditure plans on income levels at the top of a boom (and still running a deficit then), he left us in an unsustainable [...]
Time for Russia 2.0: Putin’s return promises an economic revolution April 29, 2012 THE Western European view of Russia has not moved with developments in the country since the crash of 1990. To the Western media, Russia remains a kleptocracy run by the mafia. It is seen as secretive, corrupt, plutocratic, hugely unequal and unjust. Yet the challenges that Russia faces are not unique in the world of [...]
Tech City’s free radicals can’t be run by the state April 29, 2012 TODAY, the UK has a huge array of entrepreneurial talent. However, with the latest GDP figures showing the country back in recession, we need more than political spin from Westminster about promoting innovation and entrepreneurship. We need the politicians to get out of the way so we can achieve results. No project has inflamed more [...]
Four challenging years guiding the City through its tumult and turmoil April 29, 2012 WHEN I assumed the position of chairman of policy and resources at the City of London Corporation in 2008, I knew that there would be difficulties. But very few people could have anticipated the scale of the challenges that lay ahead. Over the last four years there have been sequences of events that have defined [...]