The City helps fuel economic growth right across the country, so be wary of those who want to clip its wings October 28, 2018 One of the most pernicious elements of Labour's current economic platform is the idea that the City is entirely distinct from (and damaging to) the so-called real economy. Jeremy Corbyn and John McDonnell's stump speeches routinely contain attacks on predatory bankers, fat-cats and financial speculators. The labour leader also seems to have a personal vendetta against [...]
Editor’s Notes: Brexit can’t mean an end to good governance, respite for Grenfell survivors, and from pulling pints to pitching policy October 26, 2018 There are complaints that Brexit is taking up so much time in Westminster that parliament doesn’t have the energy or the space to focus on anything else. In reality, legislators are as busy as ever but they may well be too distracted to offer effective legislative scrutiny. Last night, no fewer than nine human rights [...]
Jes Staley seeks to brush off Bramson challenge but Barclays still faces the headwinds October 24, 2018 Barclays CEO Jes Staley struck a bullish tone yesterday, insisting his investment banking division was on the up. Third quarter profits jumped to £1.5bn, up from £1.1bn a year ago. If this puts a spring in Staley's step, there are plenty of items in his in-tray to pull him back down to earth – not [...]
James Dyson’s post-Brexit globalism: design cars in the UK, build them in Asia and sell them all over the world October 23, 2018 Sir James Dyson is one of Britain's most celebrated inventors and entrepreneurs – and rightly so. He has invested billions in UK-based research and development, collaborated with dozens of universities, championed design and engineering, ploughed vast sums into pushing the boundaries of robotics and artificial intelligence, employed thousands of people, backed apprenticeships and training schemes [...]
British support for the House of Saud cannot be unconditional October 15, 2018 When Theresa May welcomed Saudi Arabia's Crown Prince Mohammed bin Salman to Downing Street earlier this year, an official statement declared that the two countries would work together to promote “universal human rights.” At the time, this form of words jarred with the reality of life in the oil rich kingdom. Today, in the aftermath [...]
Editor’s Notes: The joy of Scan-dining, coming down to earth and never mind the Banksys October 12, 2018 The City’s restaurant scene has changed enormously even in the last few years. There’s more life in the Square Mile at weekends and more choice for City lunches than ever before. These are exciting times. A good way to get a sense of this is to embark, as I did yesterday, on a lunch safari. [...]
From battlefield to boardroom: helping veterans to launch their own business October 9, 2018 The London Stock Exchange is used to hosting VIPs as visiting dignitaries or company CEOs ring the opening bell. This morning, however, the LSE will be welcoming people whose task is not to launch a company's IPO but instead launch the careers of former service personnel. Defence secretary Gavin Williamson will unveil a new report [...]
Editor’s Notes: A subversive Brexit comedy? It’s about bloody time; art’s in the right place and Conservative party conference diary October 5, 2018 Whenever Brexit is introduced as a subject for comedy, it is invariably the Remainers laughing at the Leavers. I don't say this to make a populist point, it is simply an observation. Think of Radio 4 comedy, BBC panel shows and the stand-up circuit. It’s risk-free to be a Remainer – and laughing at the Leavers, [...]
Editor’s Notes: The Tories face a huge challenge, but they must take the fight to Corbyn September 28, 2018 Having observed the Labour party conference from a safe distance I’ll be travelling to Birmingham on Sunday to soak up the atmosphere at the annual Tory gathering. My first port of call will be speaking at a dinner hosted by City comms firm Cicero, where I shall sing for my supper and offer a [...]
The Tories must tackle the growing confidence of socialists – and the growing attractiveness of socialism September 26, 2018 Two party leaders gave speeches on Wednesday. One, in New York, praised the free-market as “the greatest agent of human progress” and pledged “a post-Brexit Britain will be an unequivocally pro-business Britain.” The other, in Liverpool, lashed out at “a failed economic system” in which “millions of people” are a mere “side show for [...]
