Shaun Bailey: What will London look like when we leave the EU? January 30, 2020 We are leaving the EU tomorrow and, despite the mixed feelings surrounding this new chapter, there is much to be cheerful about. Business leaders are already expressing a newly-restored confidence in London. A raft of new information — such as the latest Deloitte CFO optimism survey, key PMI figures, household and consumer confidence data — [...]
Cyber success is vital to the UK’s future January 30, 2020 From the Bletchley Park codebreakers to Tim Berners-Lee and the invention of the World Wide Web, the UK has a rich heritage of computing technologies. We see this pedigree coming through in our cyber businesses. Take Darktrace, the UK’s first cyber firm valued at over £1bn, which is changing the way businesses protect critical data [...]
City will be caught up in the Brexit fish fight January 30, 2020 Last night, the European Parliament ratified the UK’s withdrawal agreement. After years of torturous wrangling following the Brexit referendum, MEPs delivered the final moment of theatre — complete with a rather touching rendition of Auld Lang Syne. Though the general message was one of friendship and enduring bonds, nobody should be in any doubt that a [...]
HS2 is not just another transport project — it’s about the very bones of our economy. January 30, 2020 Over the coming weeks, the government will publish at last the Oakervee report into HS2. The review looks likely to give the green light to this massive investment in the infrastructure of the north and the Midlands — and it’s certain that there will be an almighty row about it. As always with any infrastructure [...]
The BBC keeps scoring own goals with its internal comms January 30, 2020 Like the perfect colour for a cup of tea (green, in my case), it seems that everyone in the UK must have an opinion on the BBC. Auntie, age 97, has become loathed in some quarters of the right-wing press, with omnipresent claims of BBC bias, and equally hated in sections of the left-wing media, [...]
The UK must show faith in the OECD, not go it alone with a digital services levy January 30, 2020 Following months of brewing trade tensions between France and the US, centred around President Emmanuel Macron’s plans to regulate big tech, headlines from last week showed a victory for an integrated approach, as France agreed to delay its digital tax. The country will postpone applying a three per cent levy on the likes of Google [...]
Buzz will not be enough to put Northern Rail back on track January 29, 2020 Following a year of cancellations and chaos across the network Northern Rail looks set to lose its franchise this week. With the least satisfied customers in the UK, the railway had a terrible 2019 — and its improved buzz scores (a net measure of whether consumers have heard anything good or bad about a brand [...]
DEBATE: Should the Bank of England cut interest rates this week? January 29, 2020 Should the Bank of England cut interest rates this week? Simon Ward, economic adviser at Janus Henderson Investors, says YES. The Monetary Policy Committee (MPC) keeps making mistakes because it ignores monetary trends. It hiked rates in August 2018 even though 12-month broad money growth (as measured by non-financial M4) had slumped from 6.5 per [...]
Has the business world found its purpose? Trust, but verify January 29, 2020 Last week’s Davos carnival was an orgy of virtue signalling. A group of senior executives flew in on private jets to talk about how to tackle climate change. Leaders of companies that have been highly active in lobbying for corporate tax breaks signed a letter calling for higher taxes on the rich if we are [...]
Want to level up the UK? Look at disparity within the regions, not just between them January 29, 2020 It is a truth which has rapidly become universally acknowledged (to borrow Jane Austen’s famous phrase) that the government must deliver for its new supporters in the regions. This is a massive challenge. The gap in income per head, for example, between London and other areas of the country is obviously large. But the firm [...]