Martin Vander Weyer is business editor of The Spectator. He writes the weekly Any Other Business column.
Since Article 50 was triggered last week, City traders have been avidly watching the fluctuations of the pound. Analysts at Barclays, Nomura and Citigroup think sterling is undervalued against the euro and the dollar, and due for a rebound, having dived in the market tizzy that followed last June’s referendum and kept its head down
Two of the top tips in Donald Trump’s The Art of the Deal, of which I wrote last week even though he allegedly didn’t write it himself, are ‘Think Big’ and ‘Maximise the Options’, also expressed as ‘I keep a lot of balls in the air’. How should Theresa May apply that advice in response
How good a businessman is Donald Trump? Maybe the answer doesn’t matter, since barring death or impeachment he’ll be the most powerful man in the world until January 2021, or even 2025, come what may. Or maybe it does matter, in the sense that the only positive spin to be put on his otherwise ridiculous
How good a businessman is Donald Trump? Maybe the answer doesn’t matter, since barring death or impeachment he’ll be the most powerful man in the world until January 2021, or even 2025, come what may. Or maybe it does matter, in the sense that the only positive spin to be put on his otherwise ridiculous
As I’ve said before, the bellwether of post-Brexit prosperity will be the health of the UK car industry, rather than that of the far larger financial sector. The City is nimble enough to look after itself come what may; it requires little more than plug sockets and clever lawyers to outmanoeuvre barriers to its trade.
Shortly before agreeing, early last year, to pay token back taxes on a decade’s worth of UK-generated profits, Google also abolished its global slogan ‘Don’t be evil’. Instead it adopted a code of conduct that urged employees to ‘do the right thing’ — but at least in one important respect, they didn’t. Marks & Spencer,
Tesco chairman John Allan provoked feminist fury by telling would-be non-exec directors, ‘If you’re a white male, tough: you’re an endangered species’ — then claimed he was really trying to make the opposite point, that ‘it’s a great time for women’. But to the contrary, this was a week in which tough white males grabbed
Tesco chairman John Allan provoked feminist fury by telling would-be non-exec directors, ‘If you’re a white male, tough: you’re an endangered species’ — then claimed he was really trying to make the opposite point, that ‘it’s a great time for women’. But to the contrary, this was a week in which tough white males grabbed
It’s too late now, but I didn’t feel Charlotte Hogg made enough of her defence that until recently she didn’t even know what her brother did at Barclays. His own colleagues probably didn’t know either: operating somewhere below the board and executive committee where strategic decisions are really made, a ‘director of corporate strategy’ in
You might argue that the self-employed enjoy less security than the employed, so it’s fair they contribute less; you might argue that the ‘sharing economy’ is a nifty pocket-money source for hard-pressed families, and that tax grabs will swiftly kill it. But revenue-starved Chancellor Hammond will retort that all income and commerce, however novel in
Another eye-catcher, not least for the gratuitous picture opportunities it offered, was the sale of Agent Provocateur to a group led by Sports Direct tycoon Mike Ashley. But the terms of this one are ‘preposterous’, or so said the lingerie brand’s founder, Joe Corré. Well, yes — if for a horrible moment you imagine portly
Budget week also turned out to be a week of notable deals. PSA, French owner of Peugeot and Citroën, went ahead with its €2.2 billion takeover of Vauxhall and Opel from General Motors, creating ‘a new European giant to challenge Volkswagen’, according to the spin, and new fears for those who foresee post-Brexit attrition of
I’m eager to order a Nokia 3310, the classic mobile phone of the millennium that was relaunched this week. The original was famed for its simple functions, unbreakable casing and ultra-long battery life; my earlier 3210 was just as good. I lost it on a coach trip 15 years ago and haven’t been truly happy since,
I campaigned hard for a business rates review, and even tried to claim credit for it — or at least for its pro-northern bias — when details emerged last September. The smallest enterprises are exempt and the provinces will gain some benefit; but it’s clear that new rateable values from 1 April will impose undeservedly harsh
The marriage of the London Stock Exchange and Deutsche Börse may not be stone dead but that’s the way to bet, as Damon Runyan would have said. This so-called ‘merger of equals’ — with the Germans holding the larger stake and the top job but with the head office in London, at least to begin
I was sorry Kraft Heinz’s £115 billion bid for Unilever collapsed so fast — unveiled on Friday, it was dead by Sunday. Not that I saw the aggressor as a worthy potential victor; but a longer battle would have provided great material for column-sermons on good and bad capitalism. Aha, I hear you ask, but
I didn’t have to be Delphic to predict that the Greek crisis wasn’t over when an €86 billion third bailout deal was provisionally agreed in July 2015, with the aim of preventing forced exit from the euro: ‘Impossible to see how it could be “over” without the debt relief [Greece] asked for but the Germans
Many thanks to the stampede of readers who sent news of bank branch closures. There’s certainly a national pattern, and possibly an epidemic, with HSBC, NatWest, Clydesdale and Yorkshire Bank closing outlets as fast as they can, and only the Nationwide building society making a virtue of offering an undiminished service. Counter staff still in
Almost a decade after the financial crisis loomed, our high streets and town centres are full of life again: who ever thought consumers could sustain so many cafés, bakeries and nail bars? But the revival is being undermined by yet another wave of bank branch closures, leaving small businesses adrift and personal customers at the
President Donald Trump is demolishing his predecessor’s legacy as fast as he can sign executive orders, but one thing for which the Obama administration will be remembered is its zest for imposing fines on UK and European banks. In a flurry of Department of Justice activity ahead of the transfer of power, Deutsche Bank agreed
