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Category: News & Articles

  • May 21, 2016

    The City could survive Brexit, but it would be badly damaged

    Historically there have tended to be two potential models for a successful financial centre. The first, an onshore version, is based around the notion of a hub city servicing a sizeable domestic market – think New York and the US market. The alternative approach, offshore, depends upon attracting business primarily via competitive tax rates, regulatory […]
  • May 5, 2016

    London – a global city whose future hangs in the balance

    Labour’s mayoral candidate declared this week that the capital was changing for the worse. This was a surprisingly glum view from someone aspiring to represent a cosmopolitan city that is the beating heart of the global economy, bursting with creative energy and life in all its forms. Yes, there are massive challenges for London to […]
  • April 27, 2016

    Fixed Odds Betting Terminals

    Mark made the following interventions in a debate about Fixed Odds Betting Terminals (FOBTs) As the hon. Member for Strangford (Jim Shannon) rightly pointed out, the size of the stake—up to £100—and the very short cycle make FOBTs a particularly aggressive form of gambling that encourages fast repeat visits. FOBTs now account for almost half […]
  • April 26, 2016

    BHS saga show it’s time to clean up capitalism

    Mark wrote the following piece for online blog, Cap X. To read it on their site, click on the link below. By 2015 BHS was evidently not the kind of retail business to be turned around quickly, easily and without massive investment. Conduct a straw poll of friends and family, and see how few count […]
  • April 19, 2016

    Superfast broadband update

    As many of you will be aware, Mark has been lobbying BT and the government for some time on the difficulties central London faces in obtaining super-fast broadband. Unbelievably, despite being at the heart of the UK’s capital city, Cities of London and Westminster constituency has one of the lowest superfast coverage rates in the […]
  • April 14, 2016

    How London can turn the cyber-attack onslaught into an opportunity

    Mark wrote the following article for today’s City AM. To read on the City AM website, click here  Whether it be the spectre of terror attack or catastrophic flood, reinsurance pools across the globe have historically been developed to handle the kind of risk judged too great for the insurance industry to bear alone. When the […]
  • April 14, 2016

    What exactly does ‘Leave’ entail?

    Few in the Westminster village need much persuading that the forthcoming EU referendum will be ground-breaking. One of its instantly unusual aspects is the framing of the question; it is not a ‘Yes/No’ or even ‘In/Out’ choice that voters will face on the ballot paper, but a ‘Remain’ or ‘Leave’. I suspect this will place […]
  • March 16, 2016

    What the Chancellor should do… And just might!

    Mark wrote the following article ahead of the Budget for City AM. You can read the article on their site by clicking here. It is also pasted below: THERE are two threads – one general, the other highly specific – which I should like to see weaved into the fabric of the chancellor’s Budget statement […]
  • March 15, 2016

    Investigatory Powers Bill

      I prepared the following speech for Second Reading of the Investigatory Powers Bill. It may be that I will not get the chance to speak so will hope to make these points at Report Stage instead. In the admittedly short history of pre-legislative scrutiny, surely no prospective law has been through the mill as […]
  • March 6, 2016

    Sustainable recovery after a financial crisis is a long haul

    The UK economy was critically exposed when the global financial crisis of liquidity and solvency hit in 2007-08. Yet it is impossible to see how this fate might have been avoided given the importance and size of the City of London with its financial services expertise. Nevertheless it became clear as the crisis unfolded that […]