Facts must beat rhetoric in the earnings debate January 10, 2012 EVER since the Prime Minister announced his intentions to “crack down” on City cronyism and rewards for failure, something’s become very clear – there are an awful lot of people talking an awful lot of rubbish about an awfully complicated subject. This doesn’t mean we shouldn’t talk about it – but we need to bring [...]
Cameron should follow Jesus on executive pay January 10, 2012 DAVID Cameron and Ed Miliband agree that corporate chief executives earn too much. If they earned less, the world would be a better place – or, more precisely, it would be a fairer place. The alleged victims of this injustice are those who earn far less. In an interview with the BBC on Sunday, Cameron [...]
RAPID RESPONSES January 10, 2012 High speed fail John Savin is right to slam High Speed 2 (HS2) [No recessions for 80 years: The fanciful world of High Speed Rail 2’s business case, yesterday]. And on top of the future uncertainty he highlights, there is past experience with high-speed rail. When High Speed 1 was completed at a cost of [...]
No recessions for 80 years: The fanciful world of High Speed Rail 2’s business case January 9, 2012 AFTER the well-flagged decision this afternoon to press ahead with the first stage of the High Speed 2 rail project (HS2), the City and business will be pressed to “contribute” to the strong business case. An aspect that MPs are singularly ill-equipped to consider, but that the City will focus on, is the way the [...]
MPs say we need less drink – they must be wasted January 9, 2012 BRITAIN’S middle classes have long been obsessed with what the other, poorer, half eats and drinks. Yesterday, MPs on the science committee called on the government to issue new guidance on alcohol consumption, recommending that people have at least two alcohol-free days a week. It’s a bit rich for politicians, who are often found worse-for-wear [...]
We’re the 100 per cent because we all pay tax January 9, 2012 DEBATES about tax can be pretty taxing – as two recent examples of both sides of the debate embellishing the facts to create outrage out of nothing clearly show. In a recent report, Action Aid found that 98 per cent of FTSE 100 companies had subsidiaries that operated within a tax haven. There are problems [...]
RAPID RESPONSES January 9, 2012 Crippled by costs I’m glad to see that Ernst and Young has now revealed the true cost that an EU financial transaction tax (FTT) would impose on the whole of the European Union and, in particular, the City of London [Tobin Tax could cost EU billions, Monday]. David Cameron would certainly be right to veto [...]
To revive a weak economy small firms must be able to become tomorrow’s giants January 8, 2012 AT THE dawn of a New Year, one bright spot across the gloom of the economic horizon remains Britain’s army of entrepreneurs – those remarkable men and women who have the drive and passion to launch and run their own business. For it is these often family-owned ventures – the small and medium enterprises (SME) [...]
Chinese dragons fly into the UK’s mobile warzone January 8, 2012 ASK someone to name the first smartphone that comes into their head and most people will say “iPhone”. Some might name a Samsung or even an HTC. Not many will mention Huawei or ZTE. But 2012 could be the year of the dragon, with the Chinese giants preparing to blitz the UK with a massive [...]
Enjoy 2012’s fireworks: It is London’s big year January 8, 2012 THE prevailing mood across the City and the UK as we enter 2012 seems to be one of caution rather than celebration. This is understandable given the current economic environment. If recent forecasts are anything to go by we are faced with a year of slow growth combined with relatively high unemployment and inflation. And [...]