Businesses are becoming better corporate citizens, so why is public perception lagging behind? June 28, 2019 When I left politics for business two decades ago, it was taken for granted that those who ran the country would be held more accountable than those who ran our companies. Today, in many cases, levels of scrutiny on business now seem more intense. Leave aside the fact that conduct and persistent policy failures which [...]
Harnessing the power of blockchain and AI to help lift millions of people out of poverty July 24, 2018 Blockchain conjures images of bitcoin millionaires and ICOs creating multi-million dollar businesses in hours. But how does that help the millions of people in the UK who live in poverty, or the 1.5m who don’t have access to mainstream banking? You’ve probably heard about the cost of living crisis a lot recently. So you should. [...]
Fintech is all the rage, but is the bubble about to burst? September 5, 2019 Fintechs are all the rage. Scarcely a day goes by without a new challenger bank or money app making headlines about how it seeks to disrupt traditional banking and solve personal finance problems. As a result, capital is pouring into the sector – last year, global investment into financial technology ventures more than doubled to [...]
Mind the expectation gap: Sadiq Khan is a disappointment to London May 29, 2019 When Sadiq Khan was elected as London mayor just over three years ago, it was off the back of some big promises. The new mayor reassured us that he was going to make our city a “safe and secure place”. He pledged that we wouldn’t pay a penny more to travel around the capital, although this [...]
What Thomas Cook’s collapse tells us about the power of disruption November 4, 2019 Whilst the failure of UK holiday firm Thomas Cook was sudden and a considerable shock to many, the writing has been on the wall for some time now. Driven by technology and specifically by the advent of online booking and reservation systems, the travel industry has long been undergoing a radical transformation across each of [...]
It may not be Hammond’s cup of tea, but we deserve some tax-cutting champions May 31, 2019 I for one am thrilled to see politicians not just talking about tax cuts, but competing for the best policy to reduce a tax burden that is at a near 50-year high. Sure, it took a leadership contest to get them properly talking about it, but from the home secretary’s endorsement of the Adam Smith [...]
Legalising cannabis would be the ultimate Conservative policy July 5, 2019 What if you were in the running to be the next leader of the Conservatives, and I told you that with a single popular policy, you could return your party to its traditional pro-liberty roots, put the UK at the forefront of a new cutting-edge global industry, and inspire the millennial generation to vote Tory [...]
Still feeling entitled? Britain is facing a crisis of intergenerational inequality February 15, 2019 This week, I was audacious enough to suggest that free TV licences for pensioners should not be a public spending priority. The backlash was fierce. “I have paid taxes all my life,” came the outraged cries on social media. This is mostly true, as long as you take “all my life” to mean “until I [...]
The next Northern Rock? Metro Bank has had a troubled week May 24, 2019 Could Metro Bank be the next Northern Rock? That’s not a question that any banker wants to hear, but in this case, some self-reflection seems necessary for the young bank. This last week has been nothing if not turbulent for Metro, the UK’s most shorted stock, with conspiracies circulating that it had fallen on hard [...]
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 [...]