Keep calm and drink Yorkshire Tea until the Twitter storm blows over February 27, 2020 Another day, another Twitter pile-on. This time, the warriors of social justice turned their ire on homely hot-drink merchants Yorkshire Tea. Their equally voluble online opponents rallied to its defence. Why? Because Yorkshire Tea had the temerity to be, unbeknownst to them, our new chancellor’s choice of brew. Or, more precisely, the drink selected by [...]
Metro Bank needs to start moving forward February 27, 2020 By pretty much any conceivable metric, Metro Bank has had a miserable recent history. A major accounting blunder disclosed at the start of 2019 has sparked two regulatory investigations, led to the departure of its chairman and chief executive, and wiped almost 90 per cent off the lender’s market cap. Unsurprisingly after all that, yesterday’s [...]
Our capitalist system is in crisis — here’s how we can reboot it February 27, 2020 Capitalism and the market economy are in trouble. As the benefits of our capitalist system accrue to the already wealthy while a huge swathe of the population continues to struggle, many are questioning whether inequality is built into the current system — which therefore needs overthrowing with statist intervention. Others cling on to their ideological [...]
Britain’s political landscape has shifted, but think tanks are struggling to adapt February 27, 2020 Think tanks occupy a unique place in the policy world. Neither academic institutions nor the parties tasked with policy implementation, their role has traditionally been as independent “policy labs”, growing ideas for politicians to use when in power. Yet, as we are all aware, the political landscape has shifted in recent years. And think tanks [...]
DEBATE: Would it be a disaster for Democrats if Bernie Sanders became the nominee? February 27, 2020 Would it be a disaster for Democrats if Bernie Sanders became the nominee? Samuel Armstrong, head of communications at the Henry Jackson Society, says YES. Successful Democratic campaigns have one thing in common: they focus on what matters to ordinary people. This rule’s famed champion, James Carville, delivered Bill Clinton’s victory in 1992. The motto [...]
Construction sector lobbies government for £225m ‘future-proofing’ institute February 27, 2020 Construction and engineering bosses are pushing the government to set up a new institute to promote the interests of the consultancy and engineering sector. In a letter to business minister Nadhim Zahawi, the 28 leaders of firms involved in national infrastructure seek government funding to develop the Consultancy Sector Futures Institute. The initiative is being [...]
StanChart lowers growth target over coronavirus and economic slowdown February 27, 2020 Standard Chartered has reported a 46 per cent jump in annual profit, but warned that operating income growth would be lower than expected this year due to the impact of the coronavirus epidemic in key Asian markets. The figures StanChart’s statutory pre-tax profit jumped 46 per cent to $3.7bn (£2.9bn) in 2019, up from $2.6bn [...]
Energy complaints only the tip of the iceberg February 27, 2020 The true scale of customer dissatisfaction with the energy sector has been significantly underestimated, according to a new survey. Research by consumer group Which said if every consumer with a grievance against their supplier complained, the number submitted would be around 6.9m. One reason for this figure is disillusioned customers do not want to make [...]
UK car production falls for the fifth consecutive month in January February 27, 2020 British car production declined for a fifth consecutive month in January, but an increase in overseas orders gave the struggling sector some cause for cheer after a challenging 2019. According to new data from the Society of Motor Manufacturers and Traders (SMMT), output fell 2.1 per cent on a month-by in the first month of [...]
Real Madrid 1-2 Manchester City: Pep Guardiola’s tactical master plan comes to fruition in slow burn away win at the Bernabeu February 26, 2020 Pep Guardiola lives for nights under the lights at the Bernabeu. As a former Barcelona player and manager – not to mention a prominent advocate for Catalan independence – he is not a popular man inside Real Madrid’s gigantic famous stadium. But so often in the past he has thrived in the lions’ den. His [...]
