Mark Carney should learn from the failure of the Soviet shoe industry July 4, 2013 GROWING up in the West in the 1980s, new Bank of England governor Mark Carney was almost certainly inundated with stories about how the Soviet Union was not only an odious regime, but how even the possibly well-intentioned aspects of Soviet central planning inevitably resulted in sub-optimal economic outcomes. A classic example was shoes. Absent [...]
We must build more homes to tackle bubble, not tax more June 11, 2013 IF you want to know why a wealth tax should not be adopted in Britain, look no further than France. Over 8,000 French households were hit by tax bills that topped 100 per cent of their income last year, Les Echos reported this weekend, citing finance ministry data. For these people, the only way to [...]
Four new firms setting up shop in Heron Tower | City A.M. April 29, 2013 GERALD Ronson’s landmark Heron Tower is now 60 per cent let after four new tenants agreed to take up office space in the building. Partnership Assurance, the pensions company, has signed for the building’s lowest four office storeys, Heron International Group said yesterday. Securis Investment Partners, the insurance linked investment fund manager, stockbrokers Westhouse Securities, [...]
Dedicated Federer of fashion February 27, 2013 THERE IS a problem. It is 8am in Dubai and a freak storm has descended over the improbable desert city. Where there should – statistically, at least – be clear, azure skies, there is a mulch of saggy grey cloud. This is a problem because I was supposed to be boarding a helicopter to Roger [...]
Review: Apero at the Ampersand February 26, 2013 Apero has fish is to die for, if you don’t mind the charmingly chaotic atmosphere, says Steve Dinneen APERO @ AMPERSAND; 10 Harrington Road, SW7 3ER; tel: 020 7589 5895 FOOD **** SERVICE *** Value **** Cost per person with wine: £50 A few years ago I was wandering through Kreuzberg, before it was completely [...]
It’s a pop hit February 22, 2013 ART LICHTENSTEIN: A RETROSPECTIVE By Alex Dymoke | Tate Modern **** IS HE the worst artist in the US?” asked Life magazine about Roy Lichtenstein in 1964. The primary colours and thick, innocent lines are too much – or too little – for many. However, his paintings are some of the most familiar images of [...]
Costain snags Bond St deal with Skanska February 18, 2013 A JOINT venture between engineers Costain and Skanska has bagged a construction contract worth £110m to help Bond Street station cope with the 70,000 extra passengers a day it is expected to see once the Crossrail line is completed. The project will include building two new ticket halls at the popular West End shopping hub, [...]
Congestion charge after ten years: It’s time to be bolder February 17, 2013 IT’S exactly a decade since London’s congestion charge was introduced. Its immediate impact was a dramatic fall in traffic volumes, and there are still around 60,000 fewer vehicles entering the central zone every day. But with 23m journeys made on London’s roads each day, congestion is now back to pre-charge levels. Over the next 20 [...]
Chinese buyers poised to step up search for London property February 14, 2013 CHINESE investors’ appetite for London property is expected to increase this year after the Chinese government relaxed rules on offshore investment. Savills said the recent relaxation on the investment of insurance proceeds by the Chinese Insurance Regulatory Commission could result in up to £10bn of new inward investment into London. Research published by the property [...]
All Out: Champions miss out on final place February 13, 2013 ENGLAND’S Sarah Taylor scored 88 as the defending champions beat New Zealand by 15 runs in the Women’s World Cup yesterday, but it was not enough to earn them a place in Sunday’s final. Australia’s surprise eight-run defeat by West Indies earlier in the day ended England’s hopes of defending their title.