Martin Vander Weyer

We’ve heard a lot this week about infrastructure spending, and how much more will be needed if the UK is to achieve the ‘Green Industrial Revolution’ that the Prime Minister seems to have sketched on the back of a pizza box. We’ve also heard that the Chancellor is looking at ways to squeeze billions for

It’s not axiomatic that taxes must rise to pay for the pandemic, if you seriously believe the surge in growth, jobs and prosperity that will follow the rollout of a hyper-efficient national vaccination programme will generate sufficient revenues for Rishi Sunak to stabilise the public finances, albeit at the highest level of debt ever seen

FTSE indices soared as the Biden Bounce met vaccine euphoria, underpinned by the Bank of England’s announcement of another £150 billion injection of quantitative easing. It was heartening to see shares in airlines, hotels and Rolls-Royce, the aero engine maker, perking up — and hardly surprising to see lockdown winners such as Ocado and Just

The ‘antitrust’ law suit launched by US authorities against Google has been reported as a potential turning point in the dominance of ‘big tech’ — and an echo of the courtroom dramas that diminished the excessive power of America’s late 19th–century oil, steel and railroad barons. But I wonder how much impact it will really

The Bank of England has told commercial banks to prepare for the possibility of negative interest rates. This last hypothetical spanner in the toolbox of monetary stimulus — since rates are stuck close to zero anyway and quantitative easing through bond-buying programmes has diminishing effects — sounds weird and worrying but has already been in

What advice can I offer Alok Sharma, who took a pasting in the weekend press for his lacklustre performance as Secretary of State for Business, Energy and Industrial Strategy? While Rishi Sunak knocks up as many runs as he can on a difficult wicket with his job support scheme and VAT deferrals, Sharma is the

Good riddance to the passenger rail franchise system which has finally been killed off by Covid, though a majority of the travelling public might say it should long ago have been put out of its — and, more pertinently, their — misery. The complex scheme to privatise British Rail launched by the Major government in

A small cheer for Liz Truss’s treaty with Japan. It is, says the official press release, ‘the UK’s first major trade deal as an independent trading nation’ — and we must hope, the harbinger of much bigger deals to come. Even on the government’s own analysis, this one claims to deliver just £1.5 billion to

‘Every country has a political problem with its fishermen,’ wrote Peter Walker, the Conservative minister who negotiated the first effective EU-UK fishing deal in 1983. ‘Everyone sympathises with the tough life they lead. They all want to take as much fish as they can.’ And here’s Michel Barnier, still speaking as the EU’s chief Brexit

A takeover battle for BT would bring much-needed excitement to the City — as well as a major political row. The privatised telecoms giant that rarely pleases its customers and regulators has seen its shares fall by four-fifths since late 2015. While many other tech-related stocks have rebounded, BT’s price is still down where it

At a low moment in late March, I suggested that all large companies should consider temporary cuts in executive salaries ‘both as a gesture of immediate solidarity and as a move to avert a longer-term backlash against wealth, privilege and the pillars of capitalism’. Latest research from the Chartered Institute of Personnel and Development and

Rishi Sunak is contemplating a 2 per cent tax on goods sold online, possibly combined with a ‘green’ levy on delivery vans and a radical review of business rates, all designed to improve the survival chances of high-street retailers while harvesting more revenue from online sellers who have boomed during lockdown.  About time too —