Nigel Farage is on the shortlist for Time magazine’s person of the year. No, seriously December 6, 2016 It's not often Beyonce, gymnast Simone Biles, Vladimir Putin and Nigel Farage are all mentioned in the same breath – but last night it was revealed they are among the 11-strong shortlist for Time magazine's person of the year. Yes, in the past it's been won by the likes of Winston Churchill, John F. Kennedy and, [...]
Jeremy Hunt tries to calm China’s fear of a bad Brexit deal December 6, 2016 Jeremy Hunt told worried Chinese investors today Britain's doors are still open to global business after Brexit. For Chinese investors looking to break into the larger European Union market, Britain is seen as an entry point. With uncertainty surrounding what kind of deal Britain will get with the EU, investors are worried about what this means for China, Reuters reported. [...]
No-go zone: With Matteo Renzi set to resign following his defeat in the Italian referendum, should investors stay away from the Eurozone? December 6, 2016 Italy’s referendum will not weaken the European project as much as critics hope, and Trump could help equities, says Will Railton "The vote looks to me to be more about the euro than constitutional change”, tweeted Nigel Farage shortly after the Italian polls closed on Sunday night. Eurosceptics are heralding the resounding result (a 59.1 [...]
Italy’s referendum has started the clock ticking on the collapse of Europe December 6, 2016 There are real advantages to playing the dumb American. As much of the world thinks no one born on my continent could ever know anything about their country, I am at a perpetual advantage. Just over a week ago I found myself in Milan, explaining to investors the reasons for the Trump phenomenon. Late in [...]
The government’s stampede to placate big business post-Brexit risks overlooking growth firms December 6, 2016 When Theresa May struck a grand bargain to secure Nissan’s commitment to manufacturing in the North East, she helped to save 7,000 jobs. She also triggered a debate about the level of support the government should provide for businesses in a post-Brexit world. After all, what is fair for Nissan should probably also be fair [...]
Those who benefit from new infrastructure should pay for it December 6, 2016 To many people’s relief, there were not many big ideas in Philip Hammond’s Autumn Statement last month. In so far as there was anything new, it was the widely-trailed extra investment in innovation, infrastructure and housing. The justification for spending money on these things is that it will raise productivity and growth. There is no question [...]
As the Supreme Court’s Article 50 hearing enters its second day, does it matter if the government loses? December 6, 2016 Olly Kendall, managing director and founder of Westminster Public Affairs, says Yes. The Supreme Court’s decision will turn Parliament into a powerful backseat driver, forcing Theresa May to reset the destination on the Brexit GPS. The government is likely to lose its legal battle and when it does – particularly in the absence of a [...]
Chris Grayling will announce plans to destroy Network Rail’s monopoly later today December 6, 2016 Transport secretary Chris Grayling will today unveil ambitious plans to shatter Network Rail's monopoly over Britain's train tracks. Speaking at centre-right think tank Policy Exchange, Grayling will set out plans to bring closer together train operation and infrastructure maintenance, beginning on services between Oxford and Cambridge A new “East West Rail” organisation will lead on [...]
Financial sector’s tax contribution hits a record £71.4bn December 6, 2016 The tax take from Britain's financial sector has hit record levels, underscoring its economic importance as talks between the government and the City enter a new phase in the run up to Brexit. Fifty financial services firms, largely UK-listed and including the Square Mile's banking titans, paid £71.4bn into HM Treasury's coffers for the year [...]
Trump advisers want 56m acres of Native American reservations privatised for access to oil, gas and coal resources December 5, 2016 Advisers to US President-elect Donald Trump wants to privatise 56m acres of Native American reservations to gain access to their resources. Although reservations cover just two per cent of the US, they are thought to contain up to a fifth of the country’s oil and gas, along with vast coal reserves. A group of Trump’s advisers [...]