I wrote last month that a key test of Brexit success will be whether Nissan is still making cars here in ten years’ time. A few days later, Nissan chief Carlos Ghosn issued a warning that ‘If I need to make an investment in the next few months and I can’t wait until the end
This column comes from Puerto Pollensa in Majorca, my favourite off-season watering-hole. The hotel is full of elderly Daily Mail readers intent on making their gin-and-tonics last longer as they contemplate the news from home. Brexit is highly likely to mean ‘hard Brexit’ — departure without residual access to the single market or meaningful new
‘I rang and said can I have a council house, I’ve nowhere to go, an’ the bloke said no you can’t, we need them all for t’Romanians,’ was a remark offered by a fellow patient, known to me as Fat Lad, when I was hospitalised three years ago. ‘I’m telling you, I’m the biggest Ukip
‘Can anyone seriously imagine the German state and corporate establishment allowing the bank that bears their country’s name to go down?’ I asked in February, adding rather bravely, ‘Of course they won’t.’ And that, I fear, makes my next question, ‘Am I about to eat my hat?’ Shares in Deutsche Bank have plunged to their
Hinkley Point — for all its flaws and the whiffs of suspicion around its Chinese investors — has finally received Downing Street’s blessing. Meanwhile, ministers hold the party line that High Speed 2 will go ahead according to plan, backed by news that the project has already bought £2 billion worth of land; and investors
The TUC general secretaryFrances O’Grady doesn’t get a lot of airtime. Compared with predecessors a generation ago, such as Vic Feather and Len Murray, she is all but invisible. But in her Congress speech at Brighton on Monday, she struck a note that must have resonated with many of the public who have no idea
In the post-Brexit landscape whose shape was barely glimpsed in G20 discussions at Hangzhou, one thing is clear: soon we’ll have to stop waffling about trade deals and start pushing British products the world wants to buy. One such is education, at our universities, independent schools and English-language colleges — an export sector calculated in
Should we care two hoots whether negotiation of the Transatlantic Trade and Investment Partnership (TTIP, pronounced ‘Tee-tip’ by cognoscenti) has ‘de facto failed’? That’s what German economy minister Sigmar Gabriel said this weekend, pointing out that since talks between Brussels and Washington began three years ago, no agreement had been reached under any of the
How many Olympic medals did Opec win? The answer (though I’ll bet no one else has bothered to work this out) is 15, or an average of 1.07 medals per member of the world’s leading oil-producer cartel. That result — boosted, I should add, by the five-medal triumph of the Iranian wrestling team — compares
The revelation by actuarial consultants Lane Clark & Peacock that 56 of the supposedly blue chip companies in the FTSE 100 index are running deficits totalling £46 billion in their defined benefit pension schemes puts the BHS story into a new perspective. It tells us that the £571 million ‘black hole’ in the chain’s pension fund
Theresa May sent a strong message to the corporate world when she criticised the ‘irrational, unhealthy and growing gap’ between the pay of top executives and average workers. Yet what should be a vigorous debate on this topic — about the balance between fairness and the right incentives for optimum performance — never quite takes
There are reasons why Theresa May might harbour doubts about the Hinkley Point nuclear project — chiefly its unproven French technology and the high probability of time and cost overruns — but the fear expressed by her aide Nick Timothy that ‘the Chinese could use their role to build weaknesses into computer systems which will
Not even your quixotic columnist is prepared to mount a full-on defence of Sir Philip Green this week, following the publication of the joint select committees’ report on the sale and collapse of BHS, and committee chairman Frank Field MP’s description of Green himself as ‘much worse’ than Robert Maxwell. What I would say, however,
It’s easy to see why Arm Holdings, the UK’s only global-scale internet technology company, looked worth a quick £24 billion bet by Softbank of Japan. At $1.32 to the pound, the price is a lot cheaper than it could have been before polls closed on 23 June, when sterling stood at $1.50; that made it easy for
I spent Sunday at the Sage Gateshead watching an epic performance of Götterdämmerung (I declare an interest, as a trustee of Opera North), so my head was full of it as I braced for more political backstabbing and immolation on Monday. That was very much the way it went as Andrea Leadsom fell, Theresa May
I enjoyed the Daily Mail’s lambasting of the Financial Times as ‘panic-monger-in-chief’ for its doom-laden post-Brexit tone: ‘Is it determined to provoke a downturn in a bid to justify its lurid predictions?’ And I’m happy to let ‘Britain’s most self-important business newspaper’ take some flak, my own rather downbeat column last week having been so
My column calling Brexit campaigners ‘hooligans’ and ending ‘Reader, I voted Remain’, caused quite a stir — coinciding as it did with The Spectator’s eloquent call for Leave. ‘Pathetic,’ spat a famous columnist encountered in the street. ‘Your words and Farage’s poster resonated so much that I (reluctantly) voted Remain,’ emailed a broadcaster who had
Good news: ‘My sources in the Gulf tell me they’re poised with big cash to buy into sterling, UK equities and property on any weakness,’ says an email from a reader who does business across the Middle East. Will the phenomenon I once called ‘the Curse of Qatar’ be the horse that pulls us out
My pen hovers — but refuses to touch the postal ballot paper. I pour a drink (I won’t say whether claret, schnapps or English ale) and break off to watch Versailles, with its parade of lecherous continental backstabbers. The blood stirs, but still I cannot choose. So I defer the moment of decision, Remain or
‘In years to come we shall be able to claim that we pioneered in this country the general everyday use of credit instead of cash,’ said an ad for Barclaycard shortly after its launch as the UK’s first mass-market credit card 50 years ago this month. In that first campaign, one million cards were sent
