Martin Vander Weyer is business editor of The Spectator. He writes the weekly Any Other Business column.
From our UK edition
Bank of England chief economist Huw Pill had an unusually hard act to follow when he was appointed – after stints at Goldman Sachs, the European Central Bank and Harvard – to succeed the free-thinking Andy Haldane in 2021. Pill’s face is still not one most of us recognise, but he’s an interesting speechmaker and
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How bad can it be? Predictions for 2023 have been universally miserable. Even if inflation and interest rates stop rising, there’s no pundit out there who believes consumers, homebuyers, investors or business owners will be cracking open the Mayerling brut rosé recommended below in 12 months’ time and saying: ‘Phew, that was tough but I
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‘The purpose of corporations,’ writes William Magnuson, ‘is, and always has been, to promote the common good.’ That’s a very bold claim in an era when the left is convinced that shareholder-owned limited liability companies (which is what Magnuson means by corporations) largely exist to exploit the customer, the worker and the planet for the
From our UK edition
65 min listen
Welcome to the special Christmas episode of The Edition! Up first: What a year in politics it has been. 2022 has seen five education secretaries, four chancellors, three prime ministers and two monarchs. But there is only one political team that can make sense of it all. The Spectator’s editor Fraser Nelson, deputy political editor Katy Balls
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Half a century ago this week, I left school in Scotland and travelled to Worcester College, Oxford for an interview to read politics, philosophy and economics. I can still picture the trio of scary dons who quizzed me: the grumpy political historian ‘Copper’ LeMay; the deeply obscure philosopher Michael Hinton; and Dick Smethurst, a jovial
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Will a price cap on Russian oil sales be a winning move in the Ukraine war? Since the invasion began, Russia has continued exporting crude and refined oil products at barely less than pre-war volumes and at rising prices that have replenished Putin’s coffers. From this week, however, the EU and G7 have imposed a
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I can’t read ‘China rocked by protests’ and ‘Zero Covid could be the end of Xi Jinping’s rule’ without recalling 4 May 1989, when I watched chanting students march into Tiananmen Square and overheard the British ambassador Sir Alan Donald declare: ‘There, you see how liberal China is becoming.’ I was a banker back then
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35 min listen
It’s fair to say that the tobacco industry is one of the most controversial ones out there, with the phrase ‘Big Tobacco’ almost a meme, a shorthand for unscrupulous business practices. No wonder then that tobacco companies are trying to remake themselves, companies like Philip Morris International. PMI has a history dating back to the
From our UK edition
33 min listen
As Britons live longer and the population ages, society will soon have to rethink what it means to be of ‘working age’. Training and learning will have to be offered to older age groups who are healthier and more capable of work than their predecessors; while healthcare has room to improve in making sure that
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A colourful selection of news items this week seem to have a central thread. Elizabeth Holmes, founder of the Theranos fake blood-test venture once valued at $9 billion, was sentenced to 11 years in prison for fraud. Sam Bankman-Fried, founder of FTX, the collapsed crypto exchange once valued at $32 billion, was holed up in
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Note to self: don’t sound smug about the sudden collapse of FTX – the Bahamas-based crypto exchange whose valuation has been zapped from $32 billion to zero – because however much it plays to I-told-you-so instincts about the mug’s game of crypto, the episode may herald a wave of wealth destruction that’s the last thing the
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‘Reparations’, much bandied about at Cop27, is a dangerous word. It speaks of an admission of historic guilt, which no one can deny has a place in public discourse. But its intention is to put a punitive price on guilt itself, rather than to advance collaborative work needed to rectify damage that can be traced
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Cop27? Me neither. Barring a last-minute call to join Boris Johnson’s Sharm El Sheikh entourage, I’ll be minding my carbon footprint at home. But I’m sorry not to be reporting firsthand from a more controversial Middle Eastern gathering of the global elite: the Future Investment Initiative in Riyadh, or ‘Davos in the Desert’. A ticket
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Let’s hope Tuesday’s partial eclipse of the sun was a good omen for the return of Rishi Sunak to Downing Street, this time as Prime Minister. Understandably, he looked more earnest than triumphant. Business leaders and financial markets gave him a positive welcome but – understandably also after months of turmoil, with huge challenges ahead
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23 min listen
For the final round of The Spectator’s Economic Innovator of the Year Awards, our kind sponsors, Investec, hosted us at their offices on Gresham Street, London. We met 11 finalists for lunch — out of a record total of 176 entries across the whole of the UK — to pitch their ventures to our distinguished
From our UK edition
34 min listen
For this year’s Midlands and Southwest Innovator of the Year Awards, the judges met four finalists at each region respectively. These eight finalists were shortlisted down from a record 176 applications. In Birmingham, the finalists in this podcast were MoM incubators, Hybrid Air Vehicles and Bambino Mio. The judges, Martin Vander Weyer, business editor of
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I’ve chosen to write about corporate tax rates this week not because they’re the sexiest subject available but because – unlike the government’s frontbench, the value of the pound and the scale of winter fuel bills – they’re unlikely to change dramatically during the shelf-life of this column. An increase in corporation tax from 19
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28 min listen
This year’s regional podcast series for The Spectator’s Economic Innovator of the Year Awards kicked off with a fascinating lunch at The Ivy Cafe in Manchester. We invited four finalists for the North West region — out of a record total of 176 across the whole of the UK — to pitch their ventures to
From our UK edition
23 min listen
For the next round of The Spectator’s Economic Innovator of the Year Awards sponsored by Investec, we met in Leeds at the Dakota hotel and restaurant. For the Yorkshire and Northeast region, three finalists joined us for lunch — out of a record total of 176 entries across the whole of the UK — to
From our UK edition
30 min listen
This week: Harriet Sergeant writes about why ethnicity matters in sexual abuse cases (0:30), Lionel Shriver takes aim at the American university students failing their exams, (8:06), Martin Vander Weyer looks at the latest forecasts for housing prices (17:01), and Philip Patrick thinks Japanese food is overrated (25:19). Produced and presented by Natasha Feroze.
