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Category: Economy

  • February 24, 2017

    London: City of eternal resilience

    Mark wrote the following article for today’s City AM. We have been here before. Seismic political or economic events strike like a tsunami; panic breaks out that London’s position as a leading world city is endangered. It happened in the aftermath of 2008’s financial crisis and it’s happening as Brexit looms. In 2009 the Economist […]
  • February 23, 2017

    Maintaining London’s euro-clearing crown is vital to EU as well as the UK

    Mark wrote the following piece for today’s City AM after being asked for his thoughts on euro clearing operations. London’s deep, liquid markets and the breadth of its financial and professional services mean that it stands unrivalled as a European financial centre, which is one of the reasons why it has dominated the foreign exchange […]
  • January 26, 2017

    Politics dictates a quick-fire Brexit – but a compromise is more likely than you think

    Let’s show some ambition and optimism! There really is a deal to be done with the EU27 that works in our mutual interest as we head for the exit. Not that this will be easy. I have been struck by the unity of purpose expressed at the highest level by our continental counterparties. Michel Barnier, […]
  • January 24, 2017

    Help for 18-24 year-olds in our constituency seeking work or an apprenticeship

    Fantastic work is being done in our constituency to get young people into work or structured apprenticeships. If you are a young person seeking employment or an opportunity to get experience, consider getting in touch with the YES service, a free support team which is available for 18 to 24 year-olds. YES is delivered by […]
  • January 11, 2017

    It’s time Britain stopped dancing to the tech giants’ tune

    Mark wrote the following article for today’s City AM. It can be read online here. Few tears were shed last summer at the plight of Apple Corporation, whose sweetheart deal with the Irish government was ruled unlawful by the European Union to the tune of a £11bn fine. Predictably, Eurosceptic voices were raised on this […]
  • November 22, 2016

    Autumn Statement 2016: Looming dangers demand an urgent rethink of monetary policy in Britain

    A widely-held, but erroneous, view is that low interest rates act invariably as a welcome, unambiguous boost to business, consumers and the economy. Nonetheless, it seems almost incredible that the Bank of England has maintained an emergency rate since March 2009. The granting of (notional) independence over monetary policy to this institution has allowed politicians […]
  • November 8, 2016

    Britain is embracing free trade just as the world turns to protectionism

    In pointed contrast to President Obama, Donald Trump has promised Britain that it will be at the front of the queue for a free trade deal should he triumph in this week’s presidential election. Yet whether a President Trump, or indeed a President Clinton, would be minded to expend political capital on any trade deal […]
  • November 2, 2016

    Industrial strategy: not picking winners – but crucial to making Brexit a success

    Purists likely shuddered at Theresa May’s commitment to a ‘proper, modern industrial strategy’ as she reshaped the Business Department in July. Three decades of free market orthodoxy have convinced many business folk that a fully-fledged plan for industry represents a throwback to the 1970s, a decade when sickly British Leyland came to symbolise all that […]
  • October 14, 2016

    Wake up, policy-makers: The fintech paradigm shift could change everything

    Nowhere within the financial firmament does enthusiasm abound more right now than in the arena of fintech. Just as it has disrupted and revolutionised our social interactions and shopping habits, the internet is breeding new ways to cut the cost of transacting and pair those with capital with those seeking it. Peer-to-peer lending and crowdfunding […]
  • September 14, 2016

    UK insurers will thrive post-Brexit with the right competitive boost

    Rebalancing the economy away from financial services and our capital city has been the preoccupation of successive governments since 2008’s financial crisis. The sheer size of the banking sector, so the thinking went, alongside the absence of any second, truly global city beyond London, had made the UK too reliant upon the dominant industry of […]