[Re: Memo to the City and UK industry: 2014 is the year for business investment, yesterday]
Danny Alexander’s challenge to businesses for a pick-up in investment misses the fact that political factors are behind part of the recent lull. As the CBI recently pointed out, the uncertain political environment is currently one of the biggest obstacles to investment. Industry-specific uncertainty has been created in energy, with businesses unsure how Labour’s planned price freeze will affect the policies of the other parties. And the possible implications of the Scottish and European referenda only add to this.
[Re: Putin has won this skirmish – but the West can still best a crumbling Russia, yesterday]
A very perceptive article. I would perhaps add a postscript to the “Serenity Prayer” quoted in this piece: “those in glass houses should not throw stones”. Let us not forget that the US and the UK invaded Iraq without a UN resolution.
Russia still has potential. Last year, the country overtook Germany as Europe’s largest economy in terms of purchasing power parity, and it’s rebuilding its population back towards 150m.
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Took part in consultations on Budapest Memorandum. There must be costs for Russia if it doesn’t de-escalate.
Five years ago, the MPC cut interest rates and started QE. It now needs to start reversing these policies.
Tories have suppressed two reports on immigration now. Do they not want a debate based on facts?
China growth target of 7.5 per cent is a bit high. Expect more government stimulus to achieve it.