Any other business

Red tape and big money

There aren’t many people who can say that Gordon Brown has cut their taxes. In fact, as far as I’m aware there are just managers of private equity funds — and me. The Chancellor’s introduction of the flat-rate VAT scheme in 2002 was so uncharacteristic that it took me a whole year to work out

Pollster with an eye for business

The company Gordon Brown will be watching most closely as Prime Minister is the polling company most closely watching him. YouGov named Harriet Harman as the deputy best able to help him win the next general election, for example; until that day comes, it will constantly measure Brown’s popular support. YouGov’s polls did not trouble

Global warning | 30 June 2007

At my time of life, and in my circumstances, I ought to be calm and unruffled. I should be like a saddhu in a Himalayan cave, whose pulse rate no merely external event in the world of appearance can raise. Instead, whenever I read the Guardian (which is often), a wave of irritation comes over

The scourge of Hong Kong

Every city needs a David Webb. Hong Kong, a heaving, sweating shrine to capitalism, cronyism and cartels, is lucky it has the real thing. Shareholder rights and corporate governance remain largely alien concepts in this former British colony, which is about to mark the tenth anniversary of its return to China. It sometimes feels that

The man who took a PhD in Happiness Science

Lady Diana Cooper used to relate that, at a dinner she gave in the British embassy in Paris, not long after the war, Madame de Gaulle was asked what she was looking forward to now her husband had left office. To the consternation of the table she replied, ‘A penis.’ Whereupon the General spoke: ‘No,

Rubbish, entropy and the Second Law of Thermodynamics

One of the secrets of the universe is buried in the word rubbish. The word itself is secretive: no one knows its precise provenance. The big OED says: ‘Of obscure origin app. related in some way to rubble.’ But if you look up rubble, it says: ‘Of obscure origin, app. related in some way to

The urge to be Sir Alan’s apprentice

When Sir Alan Sugar set up Amstrad selling car aerials nearly 40 years ago there was no television programme to encourage budding entrepreneurs. Britain was locked in an era of corporatism in which the conventional aspiration was to work for a multinational such as Shell or to be a civil servant. In fact, the two

Global warning | 16 June 2007

I was sitting in a train recently, wondering why everyone’s mobile telephone conversations, except my own, were so utterly banal, when a young black man sitting two rows behind me answered the irritating wail of his instrument of the devil. He began to speak, and I wished that I had learnt shorthand. ‘Hancock’s definitely put

A very parfit gentil knight of music

One of the many things which makes me love Edward Elgar is that both the man and his music are so tremendously unfashionable. No wonder tax-funded quangos set up to ‘promote culture’, and run by New Labour bureaucrats, are refusing to mark his 150th birthday. He does not correspond with their criteria of approval at

An investor’s life on Mars

A Martian called Zog visits Earth to see what it can offer in the way of the latest investment funds. He meets an independent financial adviser called Charlie who asks him what kind of investment he’s looking for. ‘I’ve been reading about funds of funds,’ says Zog. ‘They sound good. You get access to a

Sick of rotten service? See it as a Buy signal

‘The customer is always right,’ said the 19th-century American retail pioneer Marshall Field — and shoppers at his Chicago store became so enamoured of their omnipotence, and of his assistants’ assistance, that they spent enough to make him the wealthiest businessman in the city. His retail innovations — unconditional refunds and consistent pricing — soon

An avalanche waiting to happen

Waiting for the bursting of the Chinese share bubble is like waiting for an avalanche. You can hear the rumbling but you have no idea when and where it will strike. Among the most bemused of those waiting to find out are the Chinese authorities — torn between pride in the prowess of their markets