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Category: Economy

  • August 19, 2014

    Forward guidance: A political gambit

    Mark had the following article published in this morning’s City AM. To read online click here  IT’S A mistake to try and get too precise,” suggested Stanley Fischer last September, shortly before he was appointed vice chairman of the Federal Reserve. “You can’t expect the Fed to spell out what it’s going to do. Why? Because […]
  • August 4, 2014

    After Astra-Zeneca/Pfizer – Is Protectionism Part of the ‘New Economics’?

    ‘If Britain advertises itself as a tax-friendly country it would be a strange position to adopt by saying to foreign firms you shouldn’t come here’. These were the wise words of Business Secretary, Vince Cable, a little over a fortnight ago. In the aftermath of the highly controversial, failed bid by US pharmaceutical firm, Pfizer, […]
  • July 14, 2014

    British Venture Capital Association Parliamentary Reception 2014

    Mark gave the following speech at this year’s British Venture Capital Association Parliamentary Reception in his capacity as the Chairman of the All Party Parliamentary Group for Venture Capital and Private Equity: Politicians of all stripes are keen to highlight the importance of regional growth in our economy, spreading the prosperity much talked about in […]
  • May 31, 2014

    Modi’s India – Finally Open for Business from the City of London?

    Few would dispute that we have been here before. The opening up to UK investment of commercial opportunities in India has had many a false dawn over recent years. However, the assent of Narendra Modi to the Indian Prime Ministership promises a new era for the City of London, whose professional services have frequently felt […]
  • May 3, 2014

    China is not as strong as it looks. America is not as weak as it looks.

    2008’s financial crash came laden with gloomy predictions for the imminent future of the West. One of the most dominant foresaw the passing of the Anglo-Saxon model of capitalism and with it the rapid demise of the United States, the nation which had surpassed all competitors in the twentieth century. In its place would storm […]
  • April 25, 2014

    HS2 – Still a line too far?

    As economic recovery becomes embedded the government is right to promote the widest range of infrastructure projects for the future. Funding has been committed to around 200 shovel ready projects due to get underway this tax year, which are collectively worth £36bn and estimated to support around 150,000 jobs. This level of activity however, remains […]
  • April 15, 2014

    Time to give the banks a break

    There is much to criticise in the ethics and conduct of British banks. Indeed the catalogue of misselling and foreign exchange irregularities continues to this day. But according to Business Secretary, Vince Cable, British banks have also been hoarding cash and refusing to lend to credit-starved small and medium sized enterprises. ‘If Britain is to […]
  • March 28, 2014

    HMRC’s zeal over tax avoidance is harming investment in British film

    Mark had the following article published in this morning’s Daily Telegraph. To read online click here. As the New Year broke, Chancellor George Osborne visited Ealing Studios to showcase the thriving British film industry. He hailed the welcome news that aggregate investment last year in UK-based film production had, for the first time, topped £1 […]
  • March 18, 2014

    Has the Government Helped or Hindered the Economic Recovery?

    Mark was asked by Maitland Political to argue in favour of the proposition that the government has helped Britain’s economic recovery. His contribution to the debate is below: In January, the government received the news it had so patiently awaited. The Office for National Statistics was able to confirm that in 2013, the UK economy […]
  • March 12, 2014

    The Chancellor should offer some forward guidance of his own

    Politics need not always be a complicated trade. Typically the simplest messages are the ones that work best. Since the Budget provides a staging post on the road to May 2015, the desire to complicate comes at a potential political price to the Conservative wing of the coalition. For much of the past three years […]