Martin Vander Weyer is business editor of The Spectator. He writes the weekly Any Other Business column.
From our UK edition
Another election that catches my business eye is the one for mayor of Greater Manchester. The winner will have a powerbase with huge potential: a city-region of 2.7 million people, an enterprise culture that has evolved over two centuries, an outstanding university science base, strong flows of inward investment, Europe’s largest industrial estate at Trafford
From our UK edition
Is capping domestic energy prices an equitable way to help the ‘just about managing’, or an electoral gimmick with a whiff of anti-free-market ideology? When it was Ed Miliband’s idea, it was certainly the latter. Now it’s likely to be included in Theresa May’s manifesto, offering a potential £100 saving for millions of homes on
From our UK edition
Is capping domestic energy prices an equitable way to help the ‘just about managing’, or an electoral gimmick with a whiff of anti-free-market ideology? When it was Ed Miliband’s idea, it was certainly the latter. Now it’s likely to be included in Theresa May’s manifesto, offering a potential £100 saving for millions of homes on
From our UK edition
The lovely Dordogne village of St Pompon that is my holiday hide-away has only 350 voters, but is a perfect predictor of presidential elections. It voted heavily for Jacques Chirac against Jean-Marie Le Pen in 2002, marginally for Nicolas Sarkozy against Ségolène Royale in 2007, and 59-41 for François Hollande against Sarkozy in 2012. So
From our UK edition
The lovely Dordogne village of St Pompon that is my holiday hide-away has only 350 voters, but is a perfect predictor of presidential elections. It voted heavily for Jacques Chirac against Jean-Marie Le Pen in 2002, marginally for Nicolas Sarkozy against Ségolène Royale in 2007, and 59-41 for François Hollande against Sarkozy in 2012. So
From our UK edition
Are you reading this in the departure lounge, en route to an Easter break? If like me you’ve chosen to fly with Ryanair, I suspect you will judge the experience by the ease of airport parking, the length of the security queue and whether they play that fanfare signalling ‘another on-time arrival’. Anything approaching decent
From our UK edition
What troubled places banks have become, I thought as I listened to two news stories, one concerning a formal reprimand for Barclays chief executive Jes Staley after he tried to uncover the identity of a ‘whistleblower’, the other trailing new revelations about the Libor scandal. But both, I’m afraid, were so badly explained that the
From our UK edition
The BBC made much this week of a recording, from 2008, of one Barclays manager instructing another to submit artificially low rates into the daily interbank Libor fixing because ‘we’ve had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower’. How shocking is that? Well, perhaps
From our UK edition
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
From our UK edition
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
From our UK edition
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
From our UK edition
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
From our UK edition
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.
From our UK edition
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,
From our UK edition
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
From our UK edition
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
From our UK edition
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
From our UK edition
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
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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
From our UK edition
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
