Letters to the Editor – 07/02 – Spillover effects, Charity lobby, Best of Twitter February 6, 2014 Spillover effects [Re: Global growth has peaked for now – but no need to panic, Wednesday] We’re all talking about the spillover effects of US monetary policy on emerging markets at the moment, but consider the situation over the next five to ten years. Governments across the West will surely embrace rising prices as a [...]
London’s housing shortage is cramming young families into shared homes February 6, 2014 The number of families living in shared houses ballooned by 70 per cent in the decade up to the last census, as typically young families are increasingly locked out of a the UK’s harsh housing market. The Office for National Statistics has broken down some census data on the number of concealed families in England [...]
Letters to the Editor – 06/02 – Quango bonfire, Global growth, Best of Twitter February 5, 2014 Quango bonfire [Re: How charities lavish millions of taxpayer money on left-wing campaigns, yesterday] The government should consider revisiting its “bonfire of the quangos”, although they should see it through properly this time. Over 200 have been axed, with impressive savings upwards of £2bn quoted, but far too many of the roles have been rehashed, [...]
Tech resentment in San Francisco is ignoring the real culprit: Government February 4, 2014 RENTS are rising, pushing people on low incomes out of the neighbourhoods they’ve lived in for years. Resentment towards the rich is growing, with the most profitable and dynamic industries singled out for the most ire. Talk of a cost of living crisis, driven above all by the cost of housing, is dominating politics. This [...]
Tech resentment in San Francisco is ignoring the real culprit: Government February 3, 2014 RENTS are rising, pushing people on low incomes out of the neighbourhoods they’ve lived in for years. Resentment towards the rich is growing, with the most profitable and dynamic industries singled out for the most ire. Talk of a cost of living crisis, driven above all by the cost of housing, is dominating politics. This [...]
Letters to the Editor – 04/02 – Energy supply, Best of Twitter February 3, 2014 Energy supply [Re: As the International Energy Agency doubts UK shale’s potential, is more nuclear the answer?, Friday] The International Energy Agency was right to say that Britain should not have too high expectations regarding the shale gas revolution. But while it argues that increased investment in new, heavily-subsidised nuclear plants would be more desirable, it [...]
Average home to cost £600k February 3, 2014 LONDON’S booming property market is already starting to look like a bubble, while many other parts of the country are still seeing subdued activity since the financial crisis. London’s house price-to-income ratio is back at peak levels, bucking the trend of other regions, where it has fallen back since 2007, according to today’s report [...]
Mining deals to pick up in 2014 after slow year February 2, 2014 THE NUMBER of deals in the mining sector is expected to rise this year, after hitting a seven-year low in 2013, according to new research released today. The report from accountancy firm EY shows that deal volumes – excluding the $46bn (£28bn) Glencore Xstrata merger – fell 25 per cent last year to 702, while [...]
Letters to the Editor – 31/01 – UK democracy, Small business, Best of Twitter January 30, 2014 UK democracy [Re: Scotland’s referendum is a fateful moment for the whole UK, yesterday] I struggle to understand how a system has developed where Scottish MPs vote on policy affecting Wales and England, but Welsh and English MPs can’t vote on some aspects of Scottish policy. Why not follow a similar model to the USA [...]
City Moves for 29 January 2014 | Who’s switching jobs January 28, 2014 KPMG The professional services firm has announced the appointment of Mike Walters as a partner and head of its financial risk management group. He was most recently at Barclays, where he was global head of compliance. Nikko Asset Management The asset management firm has made two senior appointments. Takuya Koyama has been appointed global head [...]