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Category: Economy

  • December 3, 2013

    Britain must lead calls for simpler, more certain tax regimes

    Mark wrote the following article for this morning’s Daily Telegraph. To read it on their website, click the link http://www.telegraph.co.uk/finance/personalfinance/consumertips/tax/10489000/Corporation-tax-is-no-longer-fit-for-purpose.html One would be easily forgiven for believing that in recent years, tax competition has acquired pariah status in the global economy. The much-vaunted crackdown on multinational tax avoidance, the fresh attempt to regulate corporate transfer payments […]
  • November 29, 2013

    Back to square one? A victory for banking, politics or common sense?

    Perhaps it is a little premature to suggest that privatisation fever is back to 1980s’ levels. But the unexpectedly enthusiastic reception to the Royal Mail share offer will have given the Treasury some timely good heart as it ponders what to do with the public stakes in Lloyds and RBS. The ongoing rumblings that the […]
  • November 7, 2013

    Why we need a common platform for banking

    Open, vibrant competition has always been the ultimate safeguard of consumer interests. But it is an ingredient that has proved stubbornly elusive in the UK’s retail banking sector. Ours is one of the most concentrated such markets in the developed world. In spite of a number of independent commission reports since 2000 which have sought […]
  • October 17, 2013

    The case against the mansion tax

    In this throwback to an era of envy politics and wealth-bashing, every policy pledge from our political opponents appears to be funded either by a hike in the trusty bank levy or a tax raid on stately homes and penthouses. Passionate debate about the imposition of a ‘mansion tax’ in particular is now all the […]
  • September 30, 2013

    Leave Labour to its tactics, there’s a better alternative

    Mark’s below article was published in today’s Daily Telegraph – http://www.telegraph.co.uk/finance/comment/10342770/Leave-Labour-to-its-tactics-theres-a-better-alternative.html As Conservatives back in Westminster watched Ed Miliband’s speech to the Labour conference last week, a sense of quiet satisfaction descended.   With each economically illiterate policy the Labour leader announced, the clearer the dividing lines for the 2015 election became. The foolhardy pledge […]
  • September 25, 2013

    If trust in the City is to be restored, we must realign ethics and self-interest

    ‘How much do ethics count in the City of London?’ This was the question former editor of the Financial Times, Richard Lambert, strived to answer as he gave the Securities Institute’s Annual Lecture in 2002. Lambert (now Sir Richard and about to head a new banking standards body) spoke at a time when the dust […]
  • July 19, 2013

    There is no third way for the City in Britain’s relationship with the EU

    Mark’s below article was published yesterday on the European Movement website – http://www.euromove.org.uk/ The City is one of Britain’s most valuable assets and central to its success is its ability to be part of the EU’s common market. The coalition government’s EU policy must be based on those two fundamental principles.   Historically there have tended […]
  • July 15, 2013

    Will hugging close to the coalition’s spending plans make Labour more electable?

    Recent weeks have confirmed that politics can be a strange and unpredictable trade. Barely three years ago the coalition came into office pledging to eliminate the UK’s structural deficit within a five-year term. Cumulative public sector net borrowing between 2011-12 and 2015-16 was forecast at £322bn. The voters were warned in terrifying terms that any […]
  • May 30, 2013

    The Office for Budget Responsibility

    This year’s Budget continued a hapless, unparalleled record of forecasting failure for the OBR. Sadly what has so undermined City commentators’ confidence is that the OBR’s independent analysis has invariably veered in the direction of robust support for the Treasury’s economic projections. At each succeeding Autumn Statement and Budget since June 2010, the OBR has […]
  • May 11, 2013

    The mispricing of risk

    ‘Is there more to come?’ It was with this question in mind that I gave my first book the provocative title, Between the Crashes. Launched last month with the support of ConservativeHome, Between the Crashes provides a timeline of the seismic political and economic events that followed the collapse of Lehman Brothers in 2008. In […]