DEBATE: Is there any point to the World Economic Forum in Davos? January 20, 2020 Is there any point to the World Economic Forum in Davos? Ella Robertson, managing director of One Young World, says YES. Now in its fiftieth year, it might look like business as usual at the World Economic Forum. But with public scrutiny mounting every year, the pressure to keep the mountain air-induced rhetoric real is [...]
City cautiously approves of chancellor’s post-Brexit regulations plan January 19, 2020 The City of London Corporation has responded with cautious approval to chancellor Sajid Javid’s statement that post-Brexit financial services trade with the EU should be on the basis of “outcome-based” equivalence of rules. The chancellor has faced a backlash from car manufacturers and business bodies, however, after he told the Financial Times that the UK [...]
Former BBC boss warns licence fee overhaul would ‘delegitimise’ service January 19, 2020 The former director general of the BBC has warned that any move to overhaul the licence fee would “delegitimise” the broadcaster. Mark Thompson, who left the BBC in 2012 to take over as chief executive of the New York Times, said proposals to decriminalise no-payment of the licence fee would have a “pretty negative” impact [...]
Chancellor’s Budget on 11 March – to tax or not to tax January 17, 2020 Having inadvertently set a record by having a year without a Budget, the first time this has happened since the introduction of income tax, the Chancellor’s choice of Wednesday 11 March, rather than “February” as stated in the election campaign, gives the busy Treasury a little more time to work up the ideas that were [...]
How a growing procurement footprint can increase your tax footprint January 17, 2020 Procurement functions are more connected to the business than ever before and impact almost every aspect of the organization. These connected procurement functions have already gained a voice in areas such as managing group demand, maintaining supplier relationships, overseeing raw material quality, and strategically sourcing goods and services. In recent years, there has been an [...]
Carlos Ghosn lawyers hit out at Nissan’s spending accusations January 17, 2020 Former Nissan boss Carlos Ghosn’s lawyers have rebuffed the car manufacturer’s accusations that their client spent €3.8m (£3.3m) of the firm’s money on personal expenses. These included trips to Rio de Janeiro carnivals, dinners at the Marmottan Museum in Paris, jewellery purchased at Cartier stores and a party at the Palace of Versailles, Nissan said. [...]
Sadiq Khan warns against Westminster ‘anti-London agenda’ January 17, 2020 Sadiq Khan urged Labour and the Conservatives to ditch their “anti-London agenda” in a speech to City grandees last night. The speech, at the City of London Corporation’s London government dinner, hit out at Boris Johnson’s plans for “re-balancing spending away from London and towards other parts of the country”. However, the Tories weren’t the [...]
Flybe rescue secrecy is absurd January 17, 2020 So much for open government. It shouldn’t be too much to expect the ministry responsible for the public finances to disclose the potential liability to taxpayers of a private company bailout. Yet in the Treasury’s statement about the government-backed rescue of the regional airline Flybe this week, there was scant detail and even fewer numbers. [...]
Flybe or not to Flybe? This bailout flies in the face of market economics January 17, 2020 The philosophy of the market is based on the idea that the key to a prosperous economy is competition. Fair and vibrant competition, the argument goes, spurs businesses to improve quality and reduce prices, benefiting consumers and fuelling economic growth. Companies that struggle should be allowed to fail, making room for more agile or innovative [...]
DEBATE: Should Big Ben bong on 31 January to mark Britain’s exit from the EU? January 17, 2020 Should Big Ben bong on 31 January to mark Britain’s exit from the EU? Alex Deane, a Conservative commentator, says YES. Whether a bell rings at a certain time is a trivial thing. But it is symbolic, and symbols matter — to people, and to nations. Stymieing the ringing of a bell that rang two [...]