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Category: News & Articles

  • July 26, 2012

    Mark reacts to latest GDP figures

    The ONS figures released yesterday revealing that our economy shrank 0.7% in the last quarter are hugely disappointing. But Chancellor George Osborne is absolutely right in his steadfast determination to reduce the deficit. For all the talk of unprecedented austerity and savage public sector cuts, the government is still borrowing £1 in every £5 we collectively spend. We are in the midst of a crisis not of capitalism but of welfarism. The expansion of the European welfare model has for years served to make our continent less economically competitive. It is the sheer size and cost of the state that is smothering this nation’s wealth creators...
  • July 19, 2012

    The Role and Changing Powers of CEOs in the Spotlight

    When historians look back upon the first decade or so of the twenty-first century, I suspect they will analyse just how and why every one of Britain’s institutions (bar the Monarchy) came to be discredited. They will also ponder the demise of leaders in the worlds of politics, finance and business. The end of the Noughties witnessed a breathtaking financial collapse which swept away trust in banking. Simultaneously, a scandal broke over the misuse of MPs’ expenses that deepened an historical distrust of politicians....
  • July 16, 2012

    Concerts in Hyde Park

    Every year the programme of concerts in Hyde Park provokes a string of emails and letters to me from residents disturbed by noise and general disruption. In this Olympic year, the number of events has increased and their impact, added to dreadful summer weather, has given our glorious Park a pummelling. Last summer, I tabled a debate in the House of Commons to outline my concerns about commercialisation of the Parks, set out my opposition to the transfer...
  • July 11, 2012

    Hospital Services (West London)

    Mark Field (Cities of London and Westminster, Conservative) I congratulate Mr Slaughter on getting this important debate, which affects all of us who are central and west London MPs. I am sure that he regrets the necessity of the debate. Our constituencies have a number of hospitals in common and, over some time, he and I have discussed health matters that affect them. New commissioning boards, run by local GPs, will come into play from next April...
  • July 9, 2012

    MF Global’s bankruptcy highlights perilous faults in UK finance rules

    An abridged version of an article Mark has written on MF Global appeared in today's City AM - http://www.cityam.com/forum/mf-global-s-bankruptcy-highlights-perilous-faults-uk-finance-rules The full piece is below:‘Lessons have been learned’ – the contemporary platitude of choice for repentant organisations and governments alike in their communications strategy. All too frequently was it employed when bankers and politicians accounted for the gross regulatory and commercial failings that precipitated the collapse of Lehman Brothers. Lehman was meant to be the event that changed everything. The lesson of all lessons. So it was with disbelief that I heard a blow-by-blow account of the travails ...
  • July 2, 2012

    The Latest Scandal to Beset British Banks

    Mark has appeared on BBC News Channel, Sky TV, Radio 4 and Radio 5 over the past few days as the LIBOR banking has unfolded. This sets out his views on this fast moving story: I suspect that today’s resignation of Barclays’ Chairman, Marcus Agius, will be the first of several high profile departures in the weeks ahead. For those who wistfully hoped that Barclays alone was implicated in this LIBOR scandal, the news that RBS had fired four traders following irregularities and that the Bank of England may also...
  • July 1, 2012

    Will London survive as the world’s financial capital?

    As the world’s most powerful leaders gathered in Mexico last month for the latest G20 ‘last chance saloon’, each turned to their domestic media to declare that ‘something must be done’ to stem the descent of the global economy into chaos. Surely no one disagreed. But what and by whom? When politicians concur only on the gravity of a situation, the seemingly endless rounds of summitry achieve precisely the opposite to their goal – the unnerving impression of impotence. Precious wonder that investors now seek security. With the Eurozone’s problems deepening, many find...
  • June 29, 2012

    Accounting & Business Magazine – Field of Competitive Dreams

  • June 22, 2012

    A Modern Moral Maze

    It is difficult not to have some sympathy with David Cameron over what I suppose will soon be known as “Carr-gate”. In today’s 24/7 media world there is a constant demand on political figures to provide a running commentary on populist media campaigns.
  • June 19, 2012

    It is not only the Eurozone kicking the can down the road

    As the Greek economic tragedy reaches yet another climax, it remains fashionable from these shores to decry the Eurozone for its schizophrenic lurching between hapless inaction and spurts of frenetic, if misguided, activism. However, with this critique in mind, it might also be wise to examine carefully what is happening closer to home. For so long as global financial markets remain flooded with cheap money, courtesy of government underwritten bailouts, then political consideration will continue to outweigh sound economics. Conservatives are right to dismiss the Opposition claim that the UK economy...