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Category: News & Articles

  • September 7, 2011

    Whatever Vickers Recommends, Banking Can Never Be a Risk Free Activity

    Memories in the world of banking are notoriously short. It was just three years ago this month with the collapse of Lehman Brothers that the global financial system came close to imploding. As time has passed, recollections of this near-catastrophe have rapidly dimmed and the international momentum for fundamental reform has stalled.
  • August 9, 2011

    A desperately sad and sorry day for our capital city

    Watching the dreadful and at times terrifying scenes of disorder taking place across so many London shopping centres, my first thoughts are with the business owners whose livelihoods have been destroyed. These hard-working folk supporting families and neighbourhoods deserve our deepest sympathy – I trust that government will give such people rapid practical support to get their businesses going again as soon as possible...
  • July 26, 2011

    Things can only get worse before they might get better

    The Coalition government inherited a catastrophic economic legacy. Unlike those heady days of 1997 things surely can ‘only get better’? I am becoming used to reading economic reports from every business sector and special interest groups acknowledging the seriousness of the economic situation, but there still seems to be a common refrain that says ‘...but please don’t cut government spending in our area.’...
  • July 19, 2011

    Future of the Royal Parks

    Mr Mark Field (Cities of London and Westminster) (Con): The royal parks are a national asset treasured by millions of Londoners, those who work here and countless tourists from all four corners of the globe. For many, they provide an oasis of peace and tranquillity amid the incessant din of urban noise. For others, they are a meeting place, a venue for team sport, an arena—sometimes, at least—for music and a setting for national expression. ...
  • July 13, 2011

    Hobbling the City will also hobble the country

    Mark has written the following article for this morning's Daily Telegraph on financial regulation: "When the crunch came, no one knew who was in charge.” It was with those words that George Osborne laid to rest the tripartite system of financial regulation at last year’s Mansion House dinner. At this year’s banquet, the Chancellor set out details of a “new settlement” between Britain and its banks, and last month he published a White Paper containing the draft legislation that will bring this brave new world into being...
  • July 12, 2011

    News International: Met Police in the Dock

    Mark was asked by the Guardian's Comment is Free editor to provide his take on the Met's role in the News International phone hacking scandal. His comments are below: It is hard to imagine how the Metropolitan police can continue to oversee the ongoing News International phone-hacking inquiry. At least not while assistant commissioner John Yates remains in post. That is not to be critical of his performance before the Home Office select committee. Indeed, as one might expect of such senior former officers, Ian Blair, Peter Clarke and even the more earthy Andy Hayman, held their own as credible witnesses....
  • July 12, 2011

    HS2 – A line too far?

    Seldom are there many votes, or any outpouring of public support, for MPs who promote large infrastructure projects affecting their locality. This is especially true of disruptive construction work necessitating the demolition of homes, years of wrangling over arrangements for compulsory purchase or its terms and endless traffic disruption. I know this all too well. The £17 billion Crossrail project has disturbed, blighted and infuriated thousands of my central London electors in recent years and will continue to do so for much of this decade.
  • July 6, 2011

    Parliament at its very worst

    I write these words two hours or so before parliament has an emergency debate on the News International phone hacking scandal. It is always a little unwise to predict how political theatre will turn out, but experience suggests this three hour debate will see a stream of MPs grandstanding in the most nauseous, hypocritical manner. Like every fair-minded person around I am shocked (although not especially surprised) to learn that the industrial scale phone hacking extended to the relatives of Milly Dowler, the Soham schoolgirls, 7/7 victims etc...
  • July 1, 2011

    These bailouts are appeasement by another name

    The economic appeasement of the Greeks will soon be over. For in sanctioning a second bailout to Greece, last week’s hapless EU summit served only to embolden politicians and protesting populations in Ireland, Portugal and elsewhere that they can continue living beyond their means indefinitely. It is the abject failure of the European political class to face up to stark economic reality that makes the latest stage of the Eurozone financial crisis potentially so very dangerous....
  • June 24, 2011

    Making the case for overseas aid

    Few Tory MPs attending constituency events nowadays avoid being buttonholed – often by the most Conservative-minded person present – and harangued about the government’s stance on overseas aid. Not so long ago we were typically being swamped by campaign emails imploring government to commit 0.7% of GDP to overseas aid. These days the usual line is: I am appalled that the government is increasing the aid budget while cutting elsewhere. Why are we giving money to the likes of India, which has a space programme, and African countries, where the fruits .