July 28, 2010
‘A Double Raid on UK Plc as Overseas Buyers Swoop’ was how the Evening Standard fearfully described both a recent bid by a US-Canadian consortium to buy British manufacturing firm, Tomkins, and the revival of merger talks between France’s GDF-Suez and the UK’s International Power. That news of either deal would have raised eyebrows in alarm a few years ago seems unlikely. And yet how the coalition government reacts to the selling of these British assets to foreign buyers is being watched with close interest....
July 26, 2010
Mark hosted a reception in the House of Commons to celebrates the tenth anniversary of the New West End Company, an organisation which represents and promotes business in London's premier shopping district. He made the following speech: "Welcome everyone to the tenth anniversity celebration of the New West End Company representing and promoting businesses in Bond Street, Oxford Street and Regent Street. A thriving West End is vitally important to both the economy and the character of London...
July 15, 2010
Mark is Vice-Chairman of the All Party Parliamentary Group on Football. A keen follower of lower league professional football, he has visited several Football League clubs during the last few months to investigate problems in the game. The following is the full version of an article he has written about the state of our national game. An abridged version featured this morning on the Guardian's blog: ...
July 9, 2010
Mark was invited to speak at a NATO conference in Baku, Azerbaijan, on financial security during the global crisis. Below is the speech he made. Ladies and gentlemen, good morning. I thank you for inviting me to speak to you today. It is a great pleasure for me to address the NATO International School of Azerbaijan in Baku on the subject of Financial Security. In addition to my normal duties as a Member of Parliament I am also currently Chairman of the All-Party Parliamentary Group...
July 5, 2010
I fear that the acute financial woes in Greece are but a side-show to a much more serious sovereign debt crisis that threatens to engulf the Eurozone in the months ahead.The lesson of this week’s global stock market jitters is that the UK, whilst proudly standing outside the Eurozone, will not be immune to its political and economic impact...
June 18, 2010
George Osborne’s month of frenetic activity at the Treasury has provided welcome reassurance to many in the City of London. The creation of the Office of Budget Responsibility is the sort of thing that gets promised in Opposition and conveniently forgotten once an election is behind us! So full credit to the Chancellor for seeing it through. However, such has been the sorry state of economic forecasting over the past couple of years ...
June 17, 2010
We now know for sure that the nation faces a huge hole in its public finances. So amidst an economic crisis that has opened wider the social divide between the haves and have nots, a rise in capital gains tax to 40% seems to be an especially easy sell...
June 9, 2010
Mark contributed to the debates following the Queen's Speech, concentrating on the economy and constitutional reform. The following is the full speech he wished to make had there been no time constraints. The shortened version will be in the Speeches section: 'Parliament has returned to a sea of fresh faces, a transformed party political landscape...
June 1, 2010
George Osborne would not have wished his early days as Chancellor to be dominated by a rearguard action at the European Parliament. Yet as the Greek economic storm swirls, further clouds are on the continental horizon as the proposed Directive on Alternative Investment Fund Managers (AIFM) - which I wrote about here last September - goes to crucial votes by MEPs today.
May 20, 2010
Eighty-eight years ago this October the Conservative-dominated coalition headed by Liberal David Lloyd George fell. The four years since the end of the Great War hostilities had been troubled. A deep economic recession in 1920/21 had resulted in sharp tax rises and cuts in public spending to the fledgling welfare state. Disquiet over the Prime Minister's corrupt use of the honours system had reached a crescendo. As the parliamentary term neared its end there was continuing...