Human ingenuity and working together will pull us through the coronavirus crisis March 9, 2020 Last week, Bank of England governor Mark Carney gave his economic view of the possible consequences of coronavirus: he expects it to cause “disruption” and not “destruction”. In saying this, he follows the measured words of the health secretary, Matt Hancock, who made the point that preparing for the worst is the job at hand. [...]
Chancellor faces tough job as virus fears grow March 9, 2020 Sajid Javid never got to deliver a Budget, and now his successor will this week unveil one of the most important in decades. Wednesday’s statement was meant to be a showpiece for a government determined to “level-up” the economy and flex its newly-won Commons majority. While ministers are still hoping to regain some political initiative [...]
Gender on the agenda: There is still a long way to go March 9, 2020 It might come as a surprise to some that we have been celebrating International Women’s Day (IWD) for over a century now. Since the 1900s, we have been fighting to forge a gender-equal society, where a woman’s achievements are valued as much as those of men. Women and girls represent half of the world’s population [...]
On the brink of a pandemic, does your firm need a plan? March 9, 2020 Time magazine has described the outbreak of coronavirus across the globe as the “world’s largest work-from-home experiment”. With many Chinese businesses forced to close down to prevent further spread of the virus, it no surprise that the World Economic Forum suggests global pandemics cost the world $570bn every year. It is not just viruses that [...]
Flybe’s last flight: How Europe’s biggest regional airline met its demise March 9, 2020 At 8.30pm on Wednesday evening, passengers were still being ushered onto planes bearing the indigo livery of Flybe. Half an hour later, members of the cabin crew on one of its last ever flights, from Manchester to Belfast, were crying, having just lost their jobs. “Staff in tears. This is so grim,” tweeted Holly Hamilton, [...]
DEBATE: Is International Women’s Day an outdated concept? March 6, 2020 Is International Women’s Day an outdated concept? Sarah Hawkins, client director at StormBrands, says YES. International Women’s Day (IWD) has a branding issue. The day lacks a clear purpose, story, and identity. What is it for? Who are the figureheads? What are their credentials? The official website totally lacks provocation and tone of voice. Follow [...]
The coronavirus crisis is a make-or-break moment for globalisation March 6, 2020 The anti-globalisation movement is going viral. A new disease — virtually unknown, fiercely contagious, at times deadly — has put every aspect of modern life at risk. While governments grapple with the domestic realities, urging citizens to self-isolate and wash their hands while reciting Shakespeare, a larger question is looming: is this the end for [...]
How better competition policy can restore public trust in capitalism March 6, 2020 Competition policy is not something most people spend much time thinking about. It’s a dry, legalistic area of policy that even elected officials themselves have largely preferred to delegate to technocratic regulators. Yet competition policy is an integral part of the lifeblood of capitalism. At a time when trust in the market economy is under [...]
If the chancellor stands up for small firms, he’ll be standing up for society as a whole March 6, 2020 Ever wondered how much small businesses hand over to the Treasury each year? Try £145bn in corporation tax and VAT alone. Factor in business rates, national insurance contributions, fuel duty, clean air charges and the insurance premium tax, and this big figure becomes, well, astronomical. We small business owners are resilient. We have continued to [...]
Flybe can’t blame Coronavirus for its long term failings March 5, 2020 In the early hours of this morning, Coronavirus claimed its first airline as Flybe finally bit the dust. Just as with the thousands of human victims worldwide, it is the vulnerable who are most at risk, and this was no different. They failed because they encountered multiple crises, each amplified by their failure to mitigate the [...]