The ‘graduate premium’ is little more than a myth — invest in further education instead February 5, 2020 Universities and their students are seldom out of the news. Ever since Tony Blair pledged to send 50 per cent of 18–21 year olds to university, they have been a persistent topic in political economy. University towns now notoriously favour Labour at the ballot box, often an island of red in a surrounding sea of [...]
Champion of free trade? Prime Minister Boris Johnson must match rhetoric with action February 5, 2020 For believers in free trade, Boris Johnson’s speech in the Painted Hall on Monday was, in many ways, highly encouraging. The Prime Minister emphasised the role that free trade has played in lifting some of the poorest people on the planet out of poverty, name-checked Adam Smith and his invisible hand of the market, and [...]
Why Legal & General is trying to slay the chair and CEO role February 4, 2020 Blackrock’s Larry Fink is a big fan of using shareholder muscle to influence corporate culture. From climate change to “profit with purpose” he’s vowed to exercise his fund’s substantial clout in pursuit of “sound corporate governance” and “an unwavering focus on long-term sustainability”. Fink’s eyebrows may have risen a little, then, upon discovering that fellow [...]
The PM’s posturing and fighting stance could upset trade talks before they’ve even begun February 4, 2020 The tears of joy and sadness seen on Brexit Day had barely dried before the UK and EU were at each other’s throats again ahead of trade talks set to last until the end of the year. Yesterday, both the UK and EU set out their negotiating positions, with Prime Minister Boris Johnson blithely stating [...]
DEBATE: Will the coronavirus outbreak have a long-term impact on the Chinese economy? February 4, 2020 Will the coronavirus outbreak have a long-term impact on the Chinese economy? Emma Wall, head of investment analysis at Hargreaves Lansdown, says YES. Gross domestic product is split into three sectors which drive growth: agricultural, industrial, and services. Agriculture, which makes up seven per cent of China’s GDP, has already taken a significant hit in [...]
Demystifying corporate social responsibility: It’s not just about ‘do-gooders’ February 4, 2020 When Nationwide Building Society asked us to maximise the impact of its corporate social responsibility (CSR) function, we were very excited. Nationwide already had a deeply embedded sense of social responsibility. The brand was born out of a social purpose, and since 2007 it has been committed to investing at least one percent of its [...]
Nato members must invest in integrated defence — now February 4, 2020 The world has not stood idly by while the Brexit drama has played out these past few years. Now that it is blessedly ending, London must catch up on what it has been missing in the strategic world. Imagine the following scenario. Citizens of a small eastern European nation within Nato awake to find that [...]
Welcome to stage two of the Brexit battle: the ‘level playing field’ February 4, 2020 The battle of visions has begun. Boris Johnson views non-alignment with the major common EU rules as sacrosanct — unsurprising, since the UK has now withdrawn from the bloc. The European Commission, meanwhile, seeks an alignment of standards across a vast body of EU policy in return for a good trade deal. The essence of [...]
The UK’s unrivalled regulatory framework is at the heart of our success as a finance hub February 4, 2020 Britain has officially progressed into the next chapter of growth, and can begin negotiations to achieve the trading partnerships and relationships that will secure our competitive future. Having spent several years in the City myself and now as MP for Hitchin and Harpenden, a constituency with thousands working in financial services, this sector remains one [...]
Forging closer ties with India is crucial, but let’s not lose sight of our neighbours February 3, 2020 Now that the UK has formally left the EU, our trading ties with partners across the world will be more in focus than ever before. This includes our relationship with India, a country I visited last week to promote ties in financial and professional services. The UK-India partnership is now worth some £20bn, with nearly [...]