Britain must reverse its appalling export record in high-growth markets January 13, 2013 EUROPE continues to dominate the agenda, as the Prime Minister’s eagerly-awaited speech on the subject lies on the horizon. As Europe’s financial capital, there is no doubt that this issue is of critical importance to the future prosperity of London and the UK. The EU accounts for half our exports and is responsible for a [...]
Punters back Tucker in race to be governor November 13, 2012 THE BANK of England’s deputy governor Paul Tucker is now widely expected to take the top job next year, after Sir Mervyn King steps down. Chancellor George Osborne will announce the next head of the Bank of England in his Autumn Statement on 5 December. The winning candidate will take on a role far more [...]
Punters back Tucker in race to be governor November 13, 2012 THE BANK of England’s deputy governor Paul Tucker is now widely expected to take the top job next year, after Sir Mervyn King steps down. Chancellor George Osborne will announce the next head of the Bank of England in his Autumn Statement on 5 December. The winning candidate will take on a role far more [...]
Incentive to work will be dampened by pension reform January 24, 2013 THE coalition received bad news this week, as figures revealed the UK added £15.4bn to its debt pile in December 2012 – up from £14.8bn in the same month in 2011. The chancellor will now be forced to ask ministers to prepare further cuts for 2014-15. But the problem is not just fiscal. It’s political. [...]
Loan export agency to dish out £1.5bn overseas to aid UK firms December 5, 2012 FOREIGN companies will be given up to £1.5bn of loans by the UK government to encourage them to buy British goods, under plans announced yesterday. UK Export Finance, led by minister Vince Cable, will get the cash from Treasury coffers to provide loans of up to £50m to any firm overseas that wants to buy [...]
Parliamentary bank probe to retain Welby November 8, 2012 A FORMER City oil executive widely tipped to be unveiled as the new Archbishop of Canterbury this morning is expected to keep his position on a Parliamentary commission into banking standards. Bishop of Durham Reverend Justin Welby, an Old Etonian who currently helps scrutinise banking standards as part of his role as a member of [...]
O’Donnell out of race to be Bank governor October 7, 2012 FORMER cabinet secretary Gus O’Donnell last night pulled out of the race to become the next Bank of England governor, hours ahead of the application process closing at 8.30am this morning. Sir Mervyn King, the current governor of the Bank of England, will step down in June next year, and the Treasury has mounted an [...]
O’Donnell out of race to be Bank governor October 7, 2012 FORMER cabinet secretary Gus O’Donnell last night pulled out of the race to become the next Bank of England governor, hours ahead of the application process closing at 8.30am this morning. Sir Mervyn King, the current governor of the Bank of England, will step down in June next year, and the Treasury has mounted an [...]
CBRE and Winterflood Securities are the current Mo Bros to beat November 27, 2012 MASSES of Mos of all shapes and sizes have been terrorising The Capitalist’s inbox this week. And none more so than CBRE analyst Tim Monger-Godfrey’s Anchorman-inspired tache: “If I say so myself, the likeness is uncanny.” Frightfully so, The Capitalist reckons. Not to be outdone, traders at Winterflood Securities also deserve special mention for their [...]
Cameron’s cabinet reshuffle is taking shape September 4, 2012 YESTERDAY’S reshuffle left the great offices of state untouched but the changes David Cameron made to his cabinet provide an insight into the Prime Minister’s plans for the second half of this government. He has turned to trusted allies, with aides saying the focus is on ensuring government policies pass into legislation within the timeframe of [...]