Outrage-induced regulation will not fix the broken audit market October 12, 2018 The audit market is broken. Don’t take my word for it – ask Rachel Reeves, the Labour MP who chairs the BEIS select committee, or Liberal Democrat leader Vince Cable, or even the Conservative business secretary Greg Clark, who last month ordered an inquiry into competition in the sector. With such cross-party concerns, it should not [...]
DEBATE: Has the Northern Powerhouse run out of steam? October 12, 2018 Has the Northern Powerhouse run out of steam? Emma Revell, communications officer at the Centre for Policy Studies, says YES. The Northern Powerhouse hasn’t quite run out of steam but it’s certainly not firing on all cylinders. Rail infrastructure improvements have been shelved, the architects of the Northern Powerhouse (most notably George Osborne and Jim O'Neill) [...]
Keep an eye on UN reform after the departure of Nikki Haley October 12, 2018 Nikki Haley, former governor of South Carolina, this week resigned without warning as President Trump’s ambassador to the United Nations. Haley has not given a reason for her exit, and her replacement is yet to be named, but her departure is an opportunity to examine both the UN and her role within it. Donald Trump’s [...]
Mark Carney told to clarify dramatic house price fall warning in case of ‘no-deal’ Brexit October 11, 2018 Bank of England governor Mark Carney needs to clarify whether house prices would be slashed by a third in a 'no deal' Brexit, the chair of the Treasury select committee has insisted. Nicky Morgan has written to Carney asking him to clear up exactly what he told the Cabinet on September 13 during a presentation [...]
Chris Grayling berated as work begins to turn motorway into ‘no deal’ Brexit lorry park without telling residents October 11, 2018 A Tory MP is furious work has begun to turn a motorway in his consistency into a "parking lot" in case of no deal Brexit without him knowing. Tom Tugendhat, Conservative MP for Tonbridge and Malling in Kent, berated Transport secretary Chris Grayling for work beginning overnight on the M26. Part of the M26 will [...]
HMRC boss received death threats after revealing £20bn cost of Brexiters’ customs plan October 11, 2018 The UK's chief taxman received death threats after revealing it would cost £20bn to put in place the hard-Brexiters' customs plan, he revealed today. Jon Thompson, chief executive of HMRC, told MPs the figure in May as he gave evidence on a range of post-Brexit systems. The system, dubbed maximum facilitation, or 'max fac', would see [...]
Trump’s state visit to the UK cost police £18m, four times as much as the royal wedding’s security October 11, 2018 US president Donald Trump's visit to the UK in July cost police almost £18m, four times the cost of the security of the royal wedding, it was revealed today. Nearly 10,000 officers across the country worked more than 26,000 shifts during the four-day trip that ignited protests in London, Edinburgh and Glasgow. Read more: Trump has a [...]
Blockchain, Brexit, and the Irish border – how technology can help to solve this delicate problem October 11, 2018 With less than six months to go until Brexit, one of the biggest sticking points in the negotiations between Britain and the European Union remains undoubtedly the issue of the Irish border. If the UK does decide to leave the EU’s single market and customs union, it will become necessary to control and monitor goods [...]
It’s a mistake to dismiss the Anglosphere as mere romance – it could be the future October 11, 2018 The Prime Minister’s strong point is not vision, particularly when it comes to post-Brexit Britain. But as the Chequers Agreement dies a slow death, she would do well to consider the possibilities for a much wider geopolitical shift with regard to the so-called Anglosphere. A Canada+++ agreement with the EU could lead to trade agreements [...]
Theresa May’s crude policy is the wrong way to manage immigration October 11, 2018 The government's announcement of a new immigration policy post-Brexit has at least the merit of providing a clearer sense of direction – assuming Brexit happens and does so in a reasonably orderly way (which are some big “ifs”). The news also provides an opportunity to think, from first principles, what a sensible immigration policy should [...]