Monthly Archives: February 2015

You cannot keep business out of politics

And because of the perceived toxicity of politics, it is increasingly hard for them to find good jobs after Parliament. Probably David Cameron made a mistake before the last election when he told his frontbench to surrender all their outside […]

Archie Norman urges business leaders to show political bravery

With the general election less than three months away, Mr Norman, who spent eight years in Parliament while chairman of Asda, said: “Business leaders cannot afford to stay silent … the election poses a bigger choice than for decades … […]

Ken Clarke: ‘unsustainable’ debt and deficit will suck UK into low growth trap

“A properly run and organised [economy] should cope perfectly well spending between 35pc and 40pc of GDP. Going above that is the result of problems across the western world, including the UK. “The idea that you can go around trying […]

Sports Direct boss Mike Ashley in new row with shareholders

Standard Life, another top 10 investor, has also criticised Sports Direct, saying there is “a need for a higher standard of governance assurance”. Sports Direct has been without a finance director for 14 months after Bob Mellors, who was in […]

Push for new Opec boss risks deeper rift

A fierce dispute is set to break out within the Organisation of the Petroleum Exporting Countries (Opec) about who will replace the current secretary general of the world’s most powerful group of oil producers, Abdullah Salem el-Badri. The Sunday Telegraph […]

Hamleys to push into Latin America

Children’s toy retailer Hamleys is to open a shop in Mexico for the first time as part of a renewed push for British businesses to operate in the central American country. Ahead of the state visit of the Mexican president […]

Europe in fresh assault on bankers’ pay

It comes as Barclays this week prepares to cut its bonus pool after it controversially increased bonuses last year, despite a fall in profits. The bank, which reports full-year results on Tuesday, is also widely expected to take a provision […]

Don’t bother to save – there’s no point any more

If you remove the tax incentive, Britain’s already miserable savings rate – among the lowest in the OECD – will plunge even further, piling yet more liabilities onto future generations of taxpayers. As for students, I suppose a £3000 a […]

Labour rent cap fears halt buy-to-lets

However, data compiled by the Residential Landlords Association (RLA), taken from the 2014 English Housing Survey, shows that between 2008 and 2009, and 2012 and 2013, social sector rents increased by more than 25pc. In comparison, private sector rents increased […]

Car sales on track for three years of growth

Demand for new cars is being driven by a combination of strong consumer confidence, helped by low fuel prices and interest rates. Manufacturers are targeting the UK as the strongest market in Europe, where weak growth is discouraging people from […]