Tim Parker, the bubble-haired venture capitalist hired to cut costs at City Hall and make Mayor Boris’s vision a reality, strolls down the curved walkway to greet me smiling widely, just like his photographs. Tall and rangy, this socialist-turned-capitalist, who is to be paid just £1 a year, is all charm and apologies for failing
Martin Vander Weyer’s thoughts on the world of business Shell and Barclays were the two highest-profile British companies in South Africa during the apartheid era. Both pursued non- racial business practices as far as they could, but both endured years of disrupted shareholder meetings and flak from the student Left. Shell stuck it out —
School fees: a luxury you can’t afford The credit crunch is taking a terrible toll on the middle classes. They’ve started to give up their organic boxes (sales are down 10 per cent at some companies), their foreign holidays (can the new fad for camping really be a choice thing?), their Chelsea tractors, and even
One of the most moving stories in the history of animal life is the racing career of Red Rum. This little horse won the Grand National in 1973 and 1974, came second the next two years and then, amazingly, won it again in 1977. This third victory, the only such in the history of the
So Britain is talking itself into recession. Keep chattering. If people want a recession, let them have one, so that the rest of us can benefit from it. This is not a suggestion that cold showers do us good or that a spell of reality in the housing market is overdue; it is a reminder
Somebody asked: ‘How do you express your love of country in this leaden age? How do you sweep aside the multicultural poison and simply assert — “I am an English patriot?”’ I answer: ‘Create a garden, or help those who do so.’ There is no more English activity than gardening, and it has been so
Richard Orange says the Indian tea industry is enjoying a revival — but that the traditional tea-planters’ way of life, established by the British, is passing into history There is not much to distinguish Dhanesheva Kurmi from the rest of the crowd at the Hautely Tea Estate, a remote garden an hour and a half’s
Oh, dear, what a setback. The usual suspects have slipped through the net. They will have to be locked up in the Financial Services Authority’s waterside fortress for 42 days, while the investigators try again to find some evidence. These suspects are the short sellers: everyone’s favourite scapegoat. They are accused of rocking the banks’
Judi Bevan meets Sir Martin Sorrell, the hard-driving Eighties entrepreneur who is still chasing acquisitions for the company he created, the advertising giant WPP ‘Building a company is the nearest thing a man can do to giving birth and nurturing a child to maturity,’ says Sir Martin Sorrell, the founder and chief executive of WPP.
Matthew Lynn on domain name sales In Amsterdam, on the afternoon of 26 June, the pound is finally being sold off. No, Gordon Brown hasn’t decided to repeat his famous trick of dumping a chunk of the nation’s gold reserves at the nadir of the bullion market. Nor has Mervyn King decided the outlook for
In the early 1960s, Harold Macmillan used to say: ‘The three big interests any prime minister should beware of taking on are the Brigade of Guards, the National Union of Mineworkers and the Roman Catholic Church.’ The maxim was true enough in those days but 50 years later makes little sense. The Brigade still has
No doubt a Martian arriving on earth for the first time would perceive little difference between an inhabitant of Great Britain and an inhabitant of New Britain (off the coast of New Guinea), except perhaps that the former showed a greater propensity than the latter to get drunk and scream in public. Similarity and difference
In 1990, the former Wall Street trader Jim Rogers (interviewed here by Jonathan Davis, 15 March) set off to circumscribe the globe astride a large motorcycle. He returned in 1992 having pondered the meaning of life — and the answer was ‘commodities’. As a player of markets, he did not have to do anything so
Ross Butler says MPs’ criticisms of the sell-off of theformer Defence Research Agency are financially naive In America it would have created celebrity entrepreneurs and provided a template for future deals. Instead, the British government’s hugely successful privatisation of the defence business QinetiQ has prompted a political witch-hunt. The taxpayer made more than £800 million
I recently gave a lecture, on quite a solemn subject, the connection between freedom and the ownership of property, to about 200 people, and was gratified — and surprised — at how well it was received. I think it was because I followed my own maxim, and spoke for only 25 minutes, leaving the rest
The last time I played rugby, I was sent off for reading on the field. It was my small satirical protest against the supposition that my character would be much improved by having my knees dragged along icy ground, or my hand trodden into the mud by boys who, by dint of no effort of
Elliot Wilson explains why international condemnation of Burma’s brutal military leaders is so ineffectual: because many other countries are eager to do deals with them The satirist P.J. O’Rourke once noted that the more references to democracy a country has in its official title, the greater the chance it is run by a grubby totalitarian
The image of women in Victorian times veered between that of madonna and whore, but nowadays in Britain it veers between harridan and slut. This is only natural in a country where vulgarity is not only triumphant, but militant and deeply ideological. The men, of course, are just as bad. Recently, I flew to an
Christopher Fildes on international accounting standards How gratifying. One set of rules for the whole world, and all of them springing from a fountainhead in Cannon Street, London EC4. There will have been no such display of global authority since the sun set on the British empire. Washington is warming to it. Brussels is restive.
In eight years in venture capital, my partners and I have met only a handful of female applicants for capital. Yet we receive 500 to 600 business plans every year. It seems remarkable when you consider that women figure prominently in almost all walks of life — over 50 per cent of medical-school graduates, for