Fifty years on, Friedman was right: businesses answer to shareholders September 14, 2020 Yesterday marked fifty years since the publication of one of the most important articles in business history, written by Milton Friedman, the pint-sized American economist, and published in the New York Times. Friedman’s article had a simple argument but one with a profound impact. “There is one and only one social responsibility of business,” he [...]
For businesses and countries alike, we must turbocharge the race to net zero September 14, 2020 Ed Boyd, executive director and founder of ReGenerate, proposes a policy to accelerate businesses joining the race to net zero emissions. As any business leader knows, deadlines produce results. And when it comes to tackling climate change, the government has a big one. I am not talking about the waves of economic and environmental catastrophe [...]
To understand Russian President Vladimir Putin, we must see the world through his eyes September 14, 2020 One of the most valuable analytical lessons of all was explained to me succinctly by my foreign policy tutor during my happy days at St. Andrews. As he put it, the key to political risk analysis is not to imagine what you would do if you were in Fidel Castro’s shoes, but rather to empathize [...]
Entrepreneurs are an asset to grow. The government must give them time to thrive September 14, 2020 “Energy is eternal delight.” Heed the words of William Blake, because entrepreneurial energy is the dynamo that has powered the UK economy and transformed the business scene in recent times. The worry has to be that this is not a year that suggests this energy is eternal, and the mistake is to assume the resilience [...]
Supporting London businesses with new Covid compliant scheme September 14, 2020 Without a doubt, food and retail premises in central London have suffered hugely during the Covid-19 pandemic. Understandably, customer facing businesses like these have been slower to reopen because of reduced footfall and consumer concerns over coronavirus transmission. But with positive and supportive initiatives, like the government’s Eat Out to Help Out scheme, the capital [...]
Countries must work together in recovering from coronavirus – Taiwan is ready to help September 11, 2020 In 2020, the world has been hit by an unprecedented public health crisis, with the effects of Covid-19 being felt across every aspect of people’s lives. This year also marks the 75th anniversary of the signing of the Charter of the United Nations. Now more than ever, the global community must make a concerted effort [...]
Massive corporate debt could hamper the pandemic recovery. Here’s how we could deal with it September 11, 2020 Will Tanner puts forward a suggestion for tackling UK companies’ rising corporate debt in the wake of the pandemic. The paradox of the pandemic is that everything we have done to support our economy through the crisis may inadvertently hamper our recovery out of it. Since March, the Treasury has gone to unprecedented lengths to [...]
London transport freedom passes for all – but at what cost? September 11, 2020 Earlier this week it was reported that senior London business figures were pressing the mayor and Transport for London (TfL) to offer free travel on public transport to encourage the public, in their guise as potential consumers, to venture into the city and make free with their hard-earned pounds. Ewan Venters, CEO of Fortnum and [...]
We are on the precipice of a price war, and the losers will be workers September 11, 2020 James Reed argues that nobody stands to gain from a price war in the long run – least of all Britain’s workers. Over 100m meals were claimed on the government’s Eat Out to Help Out scheme last month, but the end of the measure on 31 August has left businesses in the hospitality sector split [...]
DEBATE: Is the government right to wind up the furlough scheme at the end of October? September 11, 2020 The government has split public opinion by saying that it will not be extending the furlough scheme beyond the end of October. For the City A.M. debate, Annabel Denham of the Institute of Economic affairs and Cyrille Lenoel of the National Institute of Economic and Social Research consider whether it is right to do so. [...]