Why Mervyn King is wrong about QE October 7, 2011 IT was strange for Mervyn King to claim yesterday that the financial crisis may yet turn out to be worse than the Great Depression. The world faces monumental challenges. But the mass unemployment, protectionism and rise of fascism of the 1930s has so far been avoided and many emerging markets are still buoyant. Over-using apocalyptic [...]
Why Mervyn King is wrong about QE October 6, 2011 IT was strange for Mervyn King to claim yesterday that the financial crisis may yet turn out to be worse than the Great Depression. The world faces monumental challenges. But the mass unemployment, protectionism and rise of fascism of the 1930s has so far been avoided and many emerging markets are still buoyant. Over-using apocalyptic [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 12, 2011 FINANCIAL TIMES SHAREHOLDER ACTIVISM RISING IN US Activism by prominent shareholders is on the rise in the US, as beaten-down share prices and a renewed focus on streamlining companies give investors an opportunity to push for change at large companies. In the first three quarters of the year, there was a 90 per cent rise [...]
City AM interview Paul Fisher of the Bank of England February 23, 2012 Senior Bank of England official Paul Fisher was interviewed on Wednesday 22nd February 2012, by Allister Heath and Julian Harris from City A.M. The edited transcript is as follows: Paul, would you like to start with how you see the outlook at the moment? I think it continues to be a story where the outlook [...]
Merkel jets to Paris for talks August 15, 2011 PARIS will host German chancellor Angela Merkel today, as she joins French president Nicolas Sarkozy in a bid to control the Eurozone’s growing debt crisis. The controversial euro bonds plan – which would see debt pooled across the 17 members of the single currency – is believed to be off the agenda, with increasing opposition [...]
Ex-Labour MP joins calls to end top rate September 7, 2011 LABOUR’S ex-Treasury minister Kitty Ussher will today call on her party to propose alternative fiscal measures to replace the 50p top rate of income tax, such as cuts to tax-breaks on pensions for high-earners, or capital-gains tax on sales of primary residences. And yesterday a Labour party-supporting economist and two former Bank of England officials [...]
Economy not rebalancing fast enough September 14, 2011 IT is not good news on the jobs front. Unemployment jumped by 80,000 over the past three months; employment is up by just 24,000 over the past year. The post-recession jobs rebound has ground to a halt. The economy is rebalancing towards the private sector but no longer quickly enough. Private sector employment peaked at [...]
Economy not rebalancing fast enough September 14, 2011 IT is not good news on the jobs front. Unemployment jumped by 80,000 over the past three months; employment is up by just 24,000 over the past year. The post-recession jobs rebound has ground to a halt. The economy is rebalancing towards the private sector but no longer quickly enough. Private sector employment peaked at [...]
It is time that business got its hands dirty – by helping rebuild the nation’s schools October 18, 2011 FOR business leaders there can be few, if any, more critical issues than the way that we educate the workforce of tomorrow. How the UK approaches education reform over the coming years will determine how successfully it closes the skills gap that threatens our future prosperity. So any good business leader knows that he or [...]
Chancellor Osborne: I am not for turning September 6, 2011 CHANCELLOR George Osborne came out fighting during questioning in parliament yesterday, insisting that he will continue with plans to cut the UK government’s annual deficit. Osborne also rejected calls from Labour’s Ed Balls for another tax on financial sector bonuses — and was quick to make fun of the back-stabbing suffered by Balls at the [...]