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Category: 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 […]
  • February 9, 2014

    EU to force Britons to publish details of wills and property

    Mark had the following article published in the Sunday Telegraph today. You can read it online here  The spirit of our age favours transparency. Whether light is being shone on the previously dark corners of intelligence, executive pay, MPs’ expenses or overall tax take from global corporations, an insatiable quest for information is rooting out bad […]
  • January 20, 2014

    Ultra-low interest rates carry a cost and it’s starting to rack up

    Mark had the following article published in today’s Daily Telegraph: No one ever said it would be easy. But it is fair to raise two cheers at least to George Osborne (and Alistair Darling before him), successive Chancellors who have sought to cushion the shock of the banking crisis and economic turmoil since 2008. As […]
  • January 9, 2014

    The nuts and bolts of tackling tax avoidance

    Well, perhaps there isn’t as much money squirreled away in Swiss bank accounts as we all thought! At the 2012 Autumn Statement, the Office of Budget Responsibility faithfully assured us that £3.1bn would be raised from the Treasury’s much heralded deal with the Swiss authorities. This projected windfall not only highlighted the UK’s avowed intention […]
  • 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 […]