Tesco chief resigns after turning the brand around November 27, 2019 Tesco’s chief executive Dave Lewis will leave the Big 4 retailer next summer, an announcement that sent shock waves across the industry. Tesco is currently the highest-ranking retailer in the FTSE 100 thanks to Lewis’ turnaround plan implemented shortly after his arrival in 2014. At the time Tesco was facing a crisis following the million-pound [...]
Ignore Labour, Britain needs billionaires to feel welcome November 26, 2019 Labour wants to get rid of billionaires. If that sounds hyperbolic, just listen to how the party’s heavyweights talk about billionaires, in their own words. “No one needs or deserves to have that much money,” shadow chancellor John McDonnell has declared. “It is obscene.” Meanwhile, Jeremy Corbyn, who hopes to become our Prime Minister next [...]
Uber keeps giving its critics what they want November 26, 2019 The relationship between Uber and regulator Transport for London (TfL) has always appeared to be one of mutual distrust. From its earliest incarnation the ride-hailing app left plenty of feathers ruffled after breezing into London and disrupting a market that had been the preserve of black cabs and minicabs. Read more: Why did Uber lose [...]
Pump priming: How the shale gas revolution has transformed the US energy industry November 26, 2019 At KD’s Bar-B-Q in Midland, Texas, one can see first hand that the energy boom is still alive and well. Oil service workers, property developers, and financiers stand in a line that snakes out onto the street to order its fabled tri-tip steaks and ribs. In less than a decade, a boom in the country’s [...]
How to recruit Generation Z into your workforce November 26, 2019 Graduate recruitment season is upon us, the time when recruiters begin in earnest to try to uncover talent for this year’s intake. But despite the urgent need for recruiters to change their approach in order to move with the times and keep up with an ever-evolving society and economy, too many still look to hire [...]
DEBATE: Is Uber’s loss of its London licence evidence that we need more gig economy regulation? November 26, 2019 Is Uber’s loss of its London licence evidence that we need more gig economy regulation? John McCallion, chief executive officer of GroundScope, says YES. Transport for London has quite rightly decided not to grant Uber a licence to operate in London — just as many other cities around the world have done. Every city needs [...]
Making the brave new world of automation work for society November 26, 2019 As the chief executive of Capita — a business that employs 63,000 people and aims to be a leading provider of automation services in the UK — I am frequently asked what this technology will mean for society. Often, what people really want to know is if their job is safe — and if theirs [...]
DEBATE: Would Modern Monetary Theory be a viable strategy to boost the UK economy? November 25, 2019 Would Modern Monetary Theory be a viable strategy to boost the UK economy? Melissa Davies, partner and chief economist at Redburn, says YES. Profound changes have opened the door to creative policy-making in the UK. All the parties have abandoned fiscal belt-tightening, and the Bank of England has implicitly acknowledged that it will continue to [...]
When the next crisis hits, fiscal policy alone will not be enough — central banks will need monetary policy too November 25, 2019 For three decades, central banks promised us they would take care of the economy. Fiscal policy, we were told, was toothless. Monetary policy would ensure prosperity. But central banks have failed to deliver the prosperity they promised. And in an astonishing reversal, they are now calling for fiscal authorities to take the strain. Monetary policy [...]
Don’t panic, China is nowhere close to overtaking America November 25, 2019 There has been far too much doom-mongering of late about America’s structural position in the world. While there is no doubt that the US is in relative decline, it is as if the commentariat does not really understand what these words actually mean, focusing only on the “decline” part of the phrase. So for all [...]