Revive that entrepreneurial spirit and get Britain building again February 8, 2019 Politicians have recently become fond of talking about how to tackle our alarming housing crisis. Yet little is delivered – and what is achieved focuses on inflating demand, with schemes like Help to Buy which do nothing to address the underlying supply shortage. In the third quarter of 2018, building on 46,930 new homes began [...]
Should we be worried about the rise of the Bank of Mum and Dad mortgage? January 30, 2019 In the years leading up to the financial crisis, it was relatively easy for wannabe homeowners to get loans for the full value of a property – otherwise known as a 100 per cent loan-to-value mortgage. Of course, we know the problems caused by these mammoth loans, and since then, affordability criteria have become stricter [...]
Brexit shows it’s time for an economic shake-up from the Tories January 28, 2019 The Brexit weather forecast remains distinctly foggy in all areas as we enter yet another crucial week in Westminster. Will we ever see daylight and opportunity out of this sickening political morass? As I said to the BBC Question Time audience last week, I think this parliament ranks as the most dismal in living memory. [...]
No Boris, springing aimless policy promises on the public is not the way to make change January 21, 2019 The tax burden in the UK is at a 50-year high, accounting for over 34.5 per cent of GDP. Nevertheless, MPs from across the political spectrum like to propose new and higher taxes – the implementation of which increase the burden on families, who are already struggling from Britain’s cost of living crisis and lackluster [...]
London needs micro-homes to solve the housing crisis January 21, 2019 Size doesn’t matter. When it comes to property at least, it’s all about location, location, location. Everyday, thousands of city workers (yes, I’m talking about you) are forced into excruciatingly long commutes from the outskirts of London, because living in the city centre – and, frankly, most of the capital – is simply unaffordable. Micro-housing would [...]
Opinion: Property raffles are 500 times easier to win than the EuroMillions but they’re not going to go mainstream until they’re transparent January 18, 2019 Property raffles have certainly generated national media column inches over the past few years. There has been a huge buzz around the concept and it’s easy to see why – the thought of owning a multi-million pound home for the small cost of a ticket could turn an ordinary person struggling to get a foot [...]
A year on from Carillion: 12 months that brought outsourcing to its knees January 15, 2019 On the anniversary of Carillion’s dramatic collapse, two more public sector outsourcing giants, Interserve and Kier Group, are up against the ropes. In the intervening 12 months, outsourcers have lurched from one crisis to another, with profit warnings, massive project failures and revelations of systemic late payment of suppliers. City A.M. charts a year which [...]
Off road: Is the car industry in reverse? January 14, 2019 The automotive industry faces recession and decline. Driverless cars are on the horizon, but has the moment for motors already passed? The first Model T Ford rolled off the production line in 1908. Available in “any colour… so long as it is black”, in the words of magnate Henry Ford, the car marked a breakthrough [...]
There’s only one way to fix the housing crisis: build more January 9, 2019 From free marketeers on the right to proponents of central planning on the left, cries to fix Britain’s broken housing market have become deafening. The solutions, of course, differ greatly depending on where along the political spectrum you stand. Yesterday, for example, Shelter issued its latest call to action, proposing three million new social homes [...]
Confronting the Robots December 13, 2018 Professor Peter Fleming, formerly of Cass Business School, wrote an article for Demos Quarterly which argued that the age of automation is unlikely to lead to a utopian world of play, but doesn't necessarily mean a proliferation of rubbish jobs. You can read the article in full here. Dr Simone Stumpf, Senior Lecturer in the Department of [...]