Martin Vander Weyer is business editor of The Spectator. He writes the weekly Any Other Business column.
I can’t work up much indignation at the collapse of London’s Garden Bridge project, which has been strangled by the refusal of mayor Sadiq Khan to guarantee its continuing operational and maintenance costs — assuming its trustees, led by former banker and minister Lord Davies of Abersoch, would have succeeded in raising the £150 million
In a quiet season for business news, the giant cesspit that is the world of elite football can be relied upon to provide a money story with a pungent whiff to it. I refer to the transfer of the 25-year-old Brazilian known only as Neymar from Barcelona to Paris St Germain for a world-record fee
As usual for August, I’m in France, where the news in brief is ‘Euro up, Macron down’. The youthful French president, who swept to power with two-thirds of the second round vote in May, has seen his approval rating plunge to 36 per cent — at the time of writing, 2 per cent worse than
There has just been a rather meaningless debate about whether Jeff Bezos of Amazon or Bill Gates of Microsoft should be labelled ‘the richest man in the world’. Both are notionally worth more than $90 billion, although Bezos was briefly ahead by a nose after a surge in the value of his Amazon shares. It
The question of what kind of border after Brexit will exist between Northern Ireland and the Republic will, I predict, become a very thorny one indeed as negotiations crawl into the autumn. Talk of ‘putting the border in the Irish Sea’ — somehow leaving the north inside the EU for customs and immigration purposes, but
The question of what kind of border after Brexit will exist between Northern Ireland and the Republic will, I predict, become a very thorny one indeed as negotiations crawl into the autumn. Talk of ‘putting the border in the Irish Sea’ — somehow leaving the north inside the EU for customs and immigration purposes, but
What with yet another warning from the Bank of England this week about rising consumer debt, and my own prediction that we’re heading for an economic trough within 18 months, this doesn’t feel like a good time to be paying top dollar for luxury brands. When Jimmy Choo, the maker of super-expensive strappy stilettos, was
It came as no great surprise to learn that the EU competition authorities are crawling all over the three major -German car-makers, Volkswagen, BMW and Daimler, to investigate collusion via ‘secret technology working groups’ dating back to the 1990s. The most damaging allegation — reported by Der Speigel — is that the three groups colluded
I’m a huge fan of Game of Thrones, the epic television drama that has returned for a seventh season. This is a show that offers wisdom as well as bloody excitement — and parables for the Conservative leadership struggle, though I hope we’ll never have to watch Theresa May emulate Cersei Lannister’s naked walk of shame. It’s
Now here’s a tricky question. The world’s largest oil company, potentially worth six times as much as ExxonMobil and ten times as much as Royal Dutch Shell, wants to list its shares on a major stock exchange next year, and has indicated that the choice is between London and New York. The company’s initial public
Would a cashless world be a better place, morally or fiscally? Matthew Taylor, in his relatively uncontroversial review of work practices and the ‘gig economy’ published on Tuesday, proposed that the £6 billion ‘cash in hand’ economy of payment for window cleaning, gardening, leaflet distributing and similar simple tasks should be regularised and brought into
Would a cashless world be a better place, morally or fiscally? Matthew Taylor, in his relatively uncontroversial review of work practices and the ‘gig economy’ published on Tuesday, proposed that the £6 billion ‘cash in hand’ economy of payment for window cleaning, gardening, leaflet distributing and similar simple tasks should be regularised and brought into
I voted Remain last year for two reasons. First, however irritating I found some aspects of the EU, I could not vote for the chaos I believed would follow a Leave victory. From the accession of Theresa May to the night of the general election, that looked like an excess of pessimism; now it looks
I voted Remain last year for two reasons. First, however irritating I found some aspects of the EU, I could not vote for the chaos I believed would follow a Leave victory. From the accession of Theresa May to the night of the general election, that looked like an excess of pessimism; now it looks
There’s a passage in Philip Larkin’s All What Jazz, the collection of his writings as the Daily Telegraph’s jazz critic, that imagines his typical readers. Husbands of ‘ageing and bitter wives they first seduced to Artie Shaw’s “Begin the Beguine”’ who take comfort from collections of ‘scratched coverless 78s in the attic’, they are ‘men
Regular readers know I have an umbilical connection to Barclays, because my father spent his working life there, I was on the payroll myself for a decade, and I wrote a book about the bank’s modern history, called Falling Eagle. So I cannot react objectively to news that the Serious Fraud Office has brought charges
Take no notice of the resilience of the FTSE100 index, which, having reached record pre-election highs, shed barely 100 points at its opening last Friday and recovered most of them by Monday. Dominated by multinational companies, it is being sustained by global market sentiment and the relative weakness of the pound, which makes our blue
The last limp gambit of the Tory campaign was a promise to revive the Board of Trade. As a way of grabbing attention and diverting the ‘Corbyn’s not such a bad bloke’ tendency, you’d have to say it lacked oomph. But was it a good idea? First formally constituted in 1696, the Board itself ceased
The science of ‘disaster recovery planning’, together with the related art of ‘crisis PR’, is a core discipline of 21st-century management, both in the corporate world and for agencies of the state. Business schools teach it; consultants sell it; hospitals role play it; the Cabinet Office runs a college in Yorkshire devoted to it; every
‘Fred Goodwin off the hook again,’ declared the Scottish Daily Record. That neatly summed up one strand of sentiment behind the RBS Shareholder Action Group’s battle for compensation for losses incurred in the bank’s £12 billion rights issue in 2008 — preceding its £45 billion taxpayer bailout, in which any remaining shareholder value was largely
