Prime Minister Theresa May warns weight needs to be given to globalisation worries November 14, 2016 Prime Minister Theresa May warned tonight that political "change is in the air" throughout western democracies, telling an audience in the City: "globalisation in its current form has left too many people behind". Speaking at the Lord Mayor's banquet at the Guildhall, May accepted that liberalism and globalisation continue to have "an overwhelmingly positive impact [...]
The Trump-Hammond-Keynesian consensus is wrong: Higher infrastructure spending does not equal greater growth November 14, 2016 To a man with a hammer, everything looks like a nail. Or when it comes to the UK economy: to an economist who believed in fiscal stimulus in 2011, every period of time looks like an opportunity for more government spending. In the aftermath of Donald Trump’s victory last week, even his most vociferous left-leaning economic critics [...]
Have you been pleasantly surprised by Donald Trump’s performance since the election? November 14, 2016 Tim Worstall, senior fellow of the Adam Smith Institute, says Yes. Pleasantly surprised is to put it mildly. The sight of special snowflake heads exploding in outrage all around has been hugely enjoyable. According to them, threats to deport 3m illegal immigrants seem to be different from the 3m deported under the Obama administration. The [...]
The behavioural biases that explain why Mr Market is unruffled by Mr Trump November 14, 2016 The world is not short of comment and analysis following the election of Donald Trump as US President. In some ways, the coverage is indicative both of the result’s unexpected nature and its historical significance. It is fascinating, therefore, that an event of such magnitude has created barely a ruffle in stock markets. Step back from [...]
Brexit minister David Davis to hold monthly talks with Sadiq Khan as the UK quits the EU November 14, 2016 Brexit minister David Davis has agreed to hold monthly meetings with London mayor Sadiq Khan in a bid to make sure the capital's voice is heard as the UK moves to quit the EU. Although a final timetable has yet to be confirmed, Davis has agreed to begin the meetings with Khan ahead of Theresa [...]
Why Trump voters will now be suffering from Trumpgret November 14, 2016 It is fascinating, albeit in a sad way, to see politicians making promises they won’t or can’t keep. A prime example was Vote Leave’s pledge to hand the £350m per week sent to the EU to the NHS instead. It was scrapped from the campaign’s website the day after the Brexit vote. Last week’s election win by [...]
Will Philip Hammond free up nearly £20bn to be ploughed into businesses with a dramatic VAT cut next week? November 14, 2016 Philip Hammond could free up nearly £20bn to be ploughed into UK businesses by cutting VAT next week, according to figures from commercial insurer NFU Mutual. Hammond will present his first Autumn Statement on 23 November, and research by the firm has found that two-thirds of consumers would increase spending if VAT was reduced. Read [...]
These 15 UK smart city startups are heading on a trade mission to Barcelona November 14, 2016 City Hall will seek to reassure business and investors abroad that London is open for business after the Brexit vote when top startups head on a trade mission to Barcelona. Some 15 of the top startups creating technology that seeks to make cities smarter and more connected, as well as solving problems such as pollution, population and [...]
Sadiq Khan says failure to promote integration is hurting the UK economy November 14, 2016 London mayor Sadiq Khan has today called on European mayors and other city leaders to focus on uniting communities in the aftermath of Donald Trump's shock election win. Speaking at a conference at City Hall, Khan said failure to achieve better integration in the UK was costing the economy around £6bn. It comes after Khan [...]
Government to prioritise market access as it moves to dispel cloud of uncertainty hanging over airlines post-Brexit vote November 14, 2016 The government has moved to reassure the airline industry over market access after the Brexit vote, saying it remained a priority. It wants to make sure the UK has "liberal access to European aviation markets". Brexit secretary David Davis, transport secretary Chris Grayling and Tim Alderslade, the chief executive of Airlines UK, released a joint [...]