Greens’ boy band just the latest in long history of bonkers broadcasts April 8, 2015 THE GREEN party launched a somewhat eyebrow-raising election broadcast last night, with David Cameron, Ed Miliband, Nick Clegg and Nigel Farage depicted as a rather bizarre boy band. Visit cityam.com/electionvideos to watch the video in all its glory, where we also dissect some of history’s equally odd party political broadcasts. There’s John Cleese urging voters to back [...]
Asset bubbles may be forming but rapid rate hikes would only jeopardise growth March 24, 2015 Everybody seems to agree on the need for full employment and price stability. But these objectives leave central bankers with a perennial dilemma when managing an economy: act too soon in normalising monetary policy and they’ll prevent the attainment of full employment; act too late and they’ll damage price stability. It is less a matter [...]
Why the public finances may improve even faster than the Budget forecasts March 18, 2015 The chancellor delivered an astute Budget yesterday. Some politically safe revenue raising measures (a raid on the banks, a further crackdown on tax avoidance and evasion, and a reduction in the lifetime allowance for pensions) raised enough money to pay for some politically popular giveaways: an increase in personal income tax allowances, a new tax [...]
Budget 2015: Here are George Osborne’s best quotes plus his Budget speech in full March 18, 2015 George Osborne's final Budget during this parliament had few surprises but plenty of great quips, including – to the dismay of bookies everywhere – a quip about Ed Miliband's now-infamous second kitchen. Here's a selection of our favourites from today's big speech. (Source: Getty/City A.M.) (Source: Getty/City A.M) (Source: Getty/City A.M.) [...]
Amazing Spaces’ George Clarke on how to deal with empty homes March 12, 2015 Last week, over a thousand City workers stood at the bottom of Tower 42’s monumental staircase and thought, “Why did I sign up for this?” Joining them was City A.M.’s digital team and architect-turned-TV personality George Clarke, who reached the top of the skyscraper in a very respectable nine minutes and 29 seconds, all in [...]
Living standards are finally recovering – but we ignore poor productivity at our peril March 4, 2015 The metamorphosis of Labour’s attack lines on the economy has been a sight to behold. In the early years of this Parliament, the party argued that spending cuts were being implemented “too far and too fast”. After that came the infamous “flat-lining growth” hand gesture, and finally the “cost of living crisis”. This latter criticism [...]
Whitbread share price rises after investors told to expect top end results February 25, 2015 The figures Shares in Whitbread opened 2.35 per cent up after the hospitality giant told investors to expect full-year results to come in towards the top end of current expectations, as sales at its cheap hotels and Costa Coffee chain continued to rise. Overall the group achieved a rise in like-for-like sales of 5.8 per [...]
The UK economy according to the OECD in six charts February 24, 2015 Andy Haldane, the Bank of England's chief economist, said last year that the economy "appears to be writhing in both agony and ecstasy." While the economy was growing at a faster rate that most of its rich counterparts, most people weren't benefiting from this because real wages were falling, and productivity, or output per hour work, [...]
General Election 2015: Will the government raise the minimum wage? February 23, 2015 Minimum wage in the UK should rise by 20p to £6.70 an hour, according to the Low Pay Commission. The rise, the commission says, should take place in October, and would mean a pay rise for 1.2m workers. If the government decides to implement the rise, which it may do in next month’s budget, it [...]
Reasons to whine: After the Bordeaux wine market collapse, optimism is creeping back February 19, 2015 Imagine a financial market where prices have collapsed by more than 30 per cent in the past three years, where a hatful of investment companies have gone to the wall and investors are reportedly nursing losses of more than £100m. It sounds like a full blown crisis, doesn’t it? But this isn’t Chinese equities or [...]