After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
PwC’s Andrew Sentance has a very unusual reason for wanting to stay in the EU May 16, 2016 And you thought Ukippers had weird reasons for backing Vote Leave. Bank of England Governor Mark Carney may be facing a backlash after voicing economic concerns over a potential Brexit, but one former Monetary Policy Committee member doesn't mince his words. Andrew Sentance, senior adviser at PwC and former MPC member, came out in favour [...]
EU referendum: Prime Minister David Cameron says poorest would be worst hit in recession while he praises EU for equality and human rights May 16, 2016 Every single job depends on a strong economy, which itself depends on the EU, Prime Minister David Cameron has warned. The Prime Minister, appealing to similar arguments Labour has made for remaining in the EU, echoed sentiments of the governor of the Bank of England, Mark Carney, that a recession could hit in the event of Brexit, [...]
Why purpose is key to success in twenty-first century business May 16, 2016 How should businesses make decisions? The textbook answer is to do a calculation – to trade off the costs and benefits. For investment decisions, this is difficult, because the benefits are uncertain. But for tangible investments, such as building a factory, you can still get a reasonable handle on the benefits – estimate the number [...]
Yes, a Brexit holds many risks – but this wave of dystopian warnings is failing to convince voters May 16, 2016 The IMF’S Christine Lagarde painted an apocalyptic picture of life for the UK outside the EU. As she finished her speech on Friday, she smiled and said “have a lovely weekend.” The response from the Remain campaign was probably “thanks very much, we will.” Meanwhile, the Brexit lobby was left reeling from her assessment that the [...]
Inflation and wages set to falter this week as economy on pause until after EU referendum May 15, 2016 A stuttering labour market and a dip in inflation are set to be revealed later this week, in mounting signs that the UK economy is struggling for momentum. Figures to be released by the Office for National Statistics (ONS) are set to show inflation falling back towards zero, the number of people in work to [...]
Mark Carney defends “outspoken” Bank of England Brexit comments as former City minister Andrea Leadsom launches fresh attack May 15, 2016 The Bank of England (BoE) governor Mark Carney has defended the central bank's outspoken comments on the economic risks of Britain leaving Europe. "Absolutely not" responded Carney when asked if the comments overstepped the mark by Andrew Marr on the BBC's Sunday morning show. "The issue is much wider than the issues the Bank of England [...]
The non-Brexit bits from the Bank of England and the International Monetary Fund May 13, 2016 You may have noticed, there have been some pretty stark warnings about what Brexit could do to the UK economy this week. Both the International Monetary Fund (IMF) and the Bank of England waded into the debate arguing that a vote to leave the EU could trigger a recession. Cue outrage from Leave campaigners. But [...]
Lord Lamont hits out at both Mark Carney and Christine Lagarde in just two days May 13, 2016 Lord Lamont has slammed what he sees as the "avalanche of institutional propaganda" which has been flung about in the EU referendum debate this week. In his second blistering attack this week, the former chancellor who served in the governments of Margaret Thatcher and John Major, has taken aim at the International Monetary Fund (IMF) for its [...]
EU referendum: International businesses say Brexit would be bad for them and lead to a cut in investment May 13, 2016 Most international businesses think the UK voting to leave the EU would be bad for them, while also leading them to cut investment in the UK, according to new data. A poll from Ipsos Mori showed that 78 per cent of the 667 companies surveyed said a Brexit vote would be negative, while just five per [...]
Employment minister Priti Patel has launched a stinging attack on Osborne and Lagarde following Brexit recession warnings May 13, 2016 One of George Osborne's cabinet colleagues has accused the chancellor of "cashing in favours" from the International Monetary Fund (IMF) over its warning that Brexit could trigger a recession. Priti Patel, the employment minister, who used to work in the Treasury with Osborne, said: "The EU-funded IMF should not interfere in our democratic debate … It appears [...]