Our labour market has been squeezed for the right skills and jobs for young people June 20, 2022 Right now, one of the most pressing concerns for City businesses is a shortage of workers with the right skills. According to research by London Councils, almost a quarter of all vacancies in the capital are due to a lack of applicants with the necessary talents. Meanwhile, the number of cases where employers have been [...]
Interest rate hikes are a hard lesson for investors who relied on central banks bailouts June 20, 2022 In May last year, I wrote in this newspaper about the risks of moral hazard and the pandemic, with a generation of investors who had developed a skewed sense of risk. After the unprecedented level of central bank intervention, many believed policymakers would always ride to their rescue, providing portfolio safety nets with cheap money [...]
Letters: A vital crypto winter June 20, 2022 [Re: Coinbase to cut staff by 18 per cent as it warns of crypto winter, June 14] Hailed by many cynics as the downfall of crypto, the recent crypto crash is symptomatic of the broader volatility of the crypto market and of the wider economy. Crypto exchanges have grown at a rapid rate over the [...]
Central banks face tough journey to ‘Goldilocks’ policy setting June 19, 2022 Goldilocks found the perfect bowl of porridge through trial and error. The US Federal Reserve, Bank of England and the rest of the central banking elite are following a similar rationale right now. They are grasping for that “just-right” policy setting which allows an economy to reach its full potential without knowing what that setting [...]
London Tech Week, Day Five: Into an Inclusive Metaverse June 17, 2022 As London Tech Week draws to a close, it’s amazing to look back at the progress the sector has made in the nine years since Tech London Advocates joined the very first edition as a founding partner. Across all events, more than 20,000 attendees heard from tech leaders at the cutting edge of the emerging [...]
Explainer-in-brief: A curious saga of An ethics adviser, partygate and… steel June 17, 2022 On Wednesday evening, Boris Johnson’s ethics adviser quit his post. Lord Geidt sent a forthright letter to the PM in which he complained he had been put in “an impossible and odious position”. The partygate saga clearly had its toll on Lord Geidt, who was grilled over the independence of his position. Yet the ethics [...]
Inside Britain’s food wars: exaggerated veggie claims risk a diet culture war June 17, 2022 Remember being told an apple a day keeps the doctor away? Not so simple, it turns out, as the government discovered with its new Food Strategy, with its plans to halve childhood obesity and make farming in the UK more resilient. The strategy follows an independent review by Henry Dimbleby, the co-founder of restaurant chain [...]
A decade on, the London Olympics were a lightning rod for urban regeneration June 17, 2022 The London Olympics helped a decade of regeneration in Stratford
As commuters face days of disruption, we need to build a modern transport network June 17, 2022 For a year now, e-scooters have been zipping around London since they were first rolled out as part of a trial last June. It’s hard to comprehend how much urban transport has changed since then. There are the sweeping, existential issues of climate change and the role of transport emissions, there is the political and [...]
Letters: Travel travelling in the wrong direction June 17, 2022 [Re: Brexit not cause of travel chaos, says UK minister, June 14] The airline industry has had a rough time this year, often being unable to fully capitalise on the rolling back of travel restrictions and consumer optimism about taking to the skies. While staff cuts, perhaps a necessity due to the pandemic, have shrunk [...]