We should always heed the law of unintended consequences June 5, 2014 THERE were two reactions to yesterday’s Queen Speech: critics dismissed it as lightweight in the extreme, a collection of reheated policies seasoned with a little trivia; supporters celebrated a government that understands that passing fewer laws is often better than frenetic legislating. Both sides were wrong. For a start, there are revolutionary pension bills in [...]
We should always heed the law of unintended consequences June 4, 2014 THERE were two reactions to yesterday’s Queen Speech: critics dismissed it as lightweight in the extreme, a collection of reheated policies seasoned with a little trivia; supporters celebrated a government that understands that passing fewer laws is often better than frenetic legislating. Both sides were wrong. For a start, there are revolutionary pension bills in [...]
After years of political vandalism, UK pensions are on the mend June 2, 2014 BRITONS don’t save enough. The fact that we don’t put enough money aside for a rainy day, for our retirement or to finance long-term care, is one of our great weaknesses. There was a time when the UK was able to boast that we had the best pensions system in Europe; those days are long [...]
Polo maverick riding out the storm June 2, 2014 As thousands of fans head to Hurlingham for Polo in the Park this weekend, City A.M. chats to its founder, City veteran Daniel Fox-Davies AMONG the sun seekers flocking to Hurlingham Park this weekend for the sixth annual Polo in the Park will be one man with a good reason to smile – the event’s [...]
Osborne: Labour and Ukip will drag UK into decline May 20, 2014 THE CHANCELLOR George Osborne will deliver a stinging attack on Labour and Ukip in a speech later today, warning of job losses, falling wages and price rises if the parties’ anti-business agendas are allowed to win out in 2015. Addressing the Confederation of British Industry, Osborne is expected to take aim at Ed Miliband’s economic [...]
How London’s housing crisis threatens City businesses May 12, 2014 The high cost of London housing is affecting the capital's competitiveness, according to a new report from the London Chamber of Commerce and Industry. Soaring house price increases have outstripped wage increases, and so make "living in London unaffordable for many, affecting both employees and employers." 42 per cent of London businesses feel that their [...]
City Matters: The EU financial transaction tax will hurt the prudent – not the reckless May 12, 2014 THE IMPORTANT debate between the City and 11 EU governments on whether or not to introduce a tax on derivatives and shares continued last week. Both sides have scored victories, but now a more conciliatory tone is emerging, and this should be welcomed. With the European Court of Justice rejecting a pre-emptive challenge to this [...]
Britain needs a monetary policy fit for a booming economy May 11, 2014 SO what, exactly, is going on? Why does the UK still have crisis-level interest rates at a time when growth is roaring ahead? When will the penny finally drop? Check out the evidence; it is pretty conclusive. The Confederation of British Industry believes that the economy will grow by three per cent this year and [...]
City Matters: The EU financial transaction tax will hurt the prudent – not the reckless May 11, 2014 THE IMPORTANT debate between the City and 11 EU governments on whether or not to introduce a tax on derivatives and shares continued last week. Both sides have scored victories, but now a more conciliatory tone is emerging, and this should be welcomed. With the European Court of Justice rejecting a pre-emptive challenge to this [...]
Our real crisis is government silencing the sound and fury of capitalism May 8, 2014 THE STRATEGY is set for the general election on 7 May next year. Expect 12 more months of Labour banging on about the cost of living crisis, and a year of the Conservatives talking up the long-term economic plan. If only they weren’t both wrong. Yes, the Conservatives can justifiably point out the country’s return [...]