This is the only part of the country where house prices are falling January 19, 2017 Home sales in the UK fell in December and prices continued to drop in London's most prized neighbourhoods, despite rising in the rest of the country. The Royal Institution of Chartered Surveyors (Rics) has said that expectations for sales over the next three months were "pared back" and that central London is the only part of [...]
A light touch is needed for workers on boards January 19, 2017 At first sight, having workers on boards does not seem a deeply divisive or highly political issue but, as a central plank of Mayism, it has become so. Prime Minister Theresa May originally promised to tackle “runaway” corporate salaries by offering both consumers and workers representation on boards as part of last summer’s campaign to [...]
Ditch the congestion charge for road pricing, London Assembly Transport Committee tells Sadiq Khan January 19, 2017 The current congestion charge is "no longer fit for purpose" and road pricing should be rolled out instead, says the London Assembly Transport Committee. In London Stalling, a report released today, the committee urges the mayor to change the current system and bring in a way of charging people for road usage that is targeted at [...]
Britain must be tough but empathetic toward the EU to secure a good Brexit for the City of London January 19, 2017 Britain's departure from the EU will dominate 2017. Theresa May has set out her 12 Brexit objectives, Article 50 will be triggered shortly, and elections in France, Germany and the Netherlands threaten to further destabilise the existing order. Every sector of Britain’s economy will be affected. Protecting the future of Britain’s financial services industry – [...]
The Brexit I love versus the Brexit I fear: A British renaissance or a missed opportunity January 19, 2017 What will the UK economy look like outside the EU, 10 years from now? Nobody knows the precise answer to this question but we can generate likely potential scenarios. What follows are two scenarios, the Brexit I love and the Brexit I fear. The Brexit I love is where the UK is open to the [...]
The gateway to a new business order: Why crowdfunding is just the start of the next era of organisations January 19, 2017 A new campaign appeared on crowdfunding platform Crowdfunder this week. Scottish energy firm Our Energy is raising £450,000 to set up an alternative gas and electricity provider. Fed up with Big Six high tariffs and just “lining shareholders’ pockets”, founders David Pike and Karen Snode decided to start a competitor, with plans to be operational [...]
President Trump should be positive for the UK economy – in the short term at least January 19, 2017 When the US electorate chose Donald Trump as their next President, they voted for a big break from the liberal consensus which Hillary Clinton epitomised. Globalisation had not served Trump supporters well, and they wanted something radically different. We are now beginning to get more of a taste of what this might be. Some of [...]
After wages grew faster than expected in the three months to November, is the UK economy overheating? January 19, 2017 Charles Dumas, chairman and chief economist at Lombard Street Research, says Yes. The 2016 British economy was at or above its potential, with no slack. Official estimates of a little slack ignore domestically generated inflation picking up fast. If you impose a 15 per cent devaluation on an economy already fully employed, you do not [...]
This is the most popular brand in the UK (and it’s not even from here) January 19, 2017 Aldi and Lidl have topped YouGov's ranking for the most popular British brands, beating well-heeled rivals John Lewis and Marks & Spencer. Every week last year YouGov asked a group of consumers whether they had heard good or bad news about the biggest brands in Britain – and the German immigrants came out on top. Read more: Aldi bags [...]
Top bankers from Goldman Sachs and JP Morgan touch down in Davos for Brexit showdown with Prime Minister Theresa May January 19, 2017 Prime Minister Theresa May has jetted out to Davos for crunch talks with top bankers following a landmark speech this week in which she set out her vision for Brexit. May will meet chief executives from banks such as Goldman Sachs and JP Morgan a day after two other bosses – HSBC’s Stuart Gulliver and UBS [...]