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Category: Economy

  • 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 […]
  • June 30, 2016

    It’ll take blood, sweat and toil but Brexit can work for the City

    I cannot pretend otherwise: it was with dismay that I watched Thursday night’s EU referendum results unfold. My view that Britain should remain an EU member was less a tactical position than an authentic, passionate and long-held belief, as well as something I felt was firmly in the City of London’s interests. As I watched […]
  • June 16, 2016

    A NEW BROOM AT THE FINANCIAL CONDUCT AUTHORITY?

    Mark wrote the following piece for City AM. It was published in their June 16 edition which can be found online This Thursday evening Mansion House once again acts as host to the great and good of the City’s financial services fraternity. Amidst inevitable chatter about the outcome and implications of the EU referendum vote […]
  • May 21, 2016

    The City could survive Brexit, but it would be badly damaged

    Historically there have tended to be two potential models for a successful financial centre. The first, an onshore version, is based around the notion of a hub city servicing a sizeable domestic market – think New York and the US market. The alternative approach, offshore, depends upon attracting business primarily via competitive tax rates, regulatory […]
  • April 26, 2016

    BHS saga show it’s time to clean up capitalism

    Mark wrote the following piece for online blog, Cap X. To read it on their site, click on the link below. By 2015 BHS was evidently not the kind of retail business to be turned around quickly, easily and without massive investment. Conduct a straw poll of friends and family, and see how few count […]
  • April 14, 2016

    How London can turn the cyber-attack onslaught into an opportunity

    Mark wrote the following article for today’s City AM. To read on the City AM website, click here  Whether it be the spectre of terror attack or catastrophic flood, reinsurance pools across the globe have historically been developed to handle the kind of risk judged too great for the insurance industry to bear alone. When the […]
  • March 16, 2016

    What the Chancellor should do… And just might!

    Mark wrote the following article ahead of the Budget for City AM. You can read the article on their site by clicking here. It is also pasted below: THERE are two threads – one general, the other highly specific – which I should like to see weaved into the fabric of the chancellor’s Budget statement […]
  • March 6, 2016

    Sustainable recovery after a financial crisis is a long haul

    The UK economy was critically exposed when the global financial crisis of liquidity and solvency hit in 2007-08. Yet it is impossible to see how this fate might have been avoided given the importance and size of the City of London with its financial services expertise. Nevertheless it became clear as the crisis unfolded that […]