Martin Vander Weyer is business editor of The Spectator. He writes the weekly Any Other Business column.
From our UK edition
How big is Brexodus — the flight of business and people from the City of London in parallel with our exit from the EU? I observed recently that squealing from the Square Mile has been minimal compared to sectors that make and move physical goods — suggesting that banks, insurers and investment houses have quietly
From our UK edition
How big is Brexodus — the flight of business and people from the City of London in parallel with our exit from the EU? I observed recently that squealing from the Square Mile has been minimal compared to sectors that make and move physical goods — suggesting that banks, insurers and investment houses have quietly
From our UK edition
It never works to take two unhappy companies and blend them into a bigger pile of misery. That’s the way it looks at the investment giant Standard Life Aberdeen, known to some as ‘Staberdeen’, where Aberdeen Asset Management founder Martin Gilbert seems to have just lost a power struggle with his former co-chief executive Keith
From our UK edition
The nation certainly needs optimism this week, so what better moment to start building our ‘UK Optimist Fund’ of shares with exciting prospects for the post-Brexit era, for which I invited suggestions last week? I’m grateful to all respondents but was particularly glad to hear from former minister Edwina Currie — whose stock picks show
From our UK edition
The Spectator’s Economic Disruptor of the Year Awards 2019, sponsored by Julius Baer, are now open: the entry form is at spectator.com/disruptor. We’re looking for innovators from across the UK who are disrupting their marketplace in terms of price, choice and accessibility — and have the potential to scale up, nationally and internationally. Meanwhile, in
From our UK edition
The nation certainly needs optimism this week, so what better moment to start building our ‘UK Optimist Fund’ of shares with exciting prospects for the post-Brexit era, for which I invited suggestions last week? I’m grateful to all respondents but was particularly glad to hear from former minister Edwina Currie — whose stock picks show
From our UK edition
Was Help to Buy a timely market intervention with a valid social purpose or a political gimmick that unintentionally showered housebuilders with taxpayers’ cash? Or both: this isn’t a straightforward question. ‘This government supports those who dream of owning their own home,’ said a statement from Philip Hammond last week. So far the ‘equity loan
From our UK edition
What’s the very worst line of business you could be in, if we’re heading for a no-deal Brexit? Not finance, for sure: there’s a noticeable absence of squealing from the City, which has evidently made all the contingency plans it needs to continue making numbers dance on screens and booking the proceeds in convenient domiciles.
From our UK edition
My hopes of an invite from Jeff Bezos to the opening of Amazon’s proposed but now cancelled ‘HQ2’ at Long Island City in New York were slim, since I was thrown out of his existing Seattle HQ on the orders of the online giant’s PR police. But I disagree with rising-star Democrat congresswoman Alexandria Ocasio-Cortez,
From our UK edition
Welcome to The Spectator’s Economic Disruptor of the Year Awards 2019, sponsored by Julius Baer. We’re waiting to hear from entrepreneurs in every business sector across the UK who are eager to tell us how their products are bringing radical benefits to consumers in terms of price and choice. We’re looking for disruptors who can
From our UK edition
When I wrote a fortnight ago, in the context of Nissan’s decision not to build its new X-Trail model at Sunderland, that ‘British carmaking as a whole is on course to shrink back to the 1970s’, I was expecting the next bulletin of doom from US-owned Ford, whose bosses — I’d heard from an insider
From our UK edition
There’s a lesson for all boardrooms — and an echo of the lost era of big-bucks, big-ego banking — in the story of Santander’s withdrawal of its job offer to Andrea Orcel. The Italian-born former UBS and Merrill Lynch investment banker was named last September as the next chief executive of the Spanish giant that
From our UK edition
‘It is seldom wise to sacrifice a present evil for a doubtful advantage in the future,’ wrote John Maynard Keynes as a precocious undergraduate in 1904. As we contemplate what no deal might be about to bring, those words seem to confirm the view of his living followers that the sage who died in 1946
From our UK edition
Happy Chinese New Year, or at least let’s hope so. The chubby pig of 2019 is an obvious symbol of wealth; but being both pragmatists and optimists where money is concerned, the Chinese easily find reasons to associate all 12 of their zodiac creatures, (including 2018’s dog) with rising prosperity. This year, however, the amount
Distant thunder rumbles when ‘recession’ creeps back into America’s vocabulary
From our UK edition
Has ‘Jay’ Powell gone wobbly, or does he know something we don’t? That was the question being asked after the US Federal Reserve, of which Powell is chairman, kept dollar interest rates on hold last week — rather than continuing to notch them upwards as it has been doing for two years — and hinted
From our UK edition
Paying tax — which many of us have been doing this week before HMRC’s 31 January deadline — is a citizen’s duty, not an act of virtue. But for the very rich it is also a choice, since with the help of expensive advisers they can duck it or pay very little of it by
From our UK edition
Paying tax — which many of us have been doing this week before HMRC’s 31 January deadline — is a citizen’s duty, not an act of virtue. But for the very rich it is also a choice, since with the help of expensive advisers they can duck it or pay very little of it by
From our UK edition
Nobody who’s anybody is in Davos this week and, as usual, neither am I. World leaders from Donald Trump to Narendra Modi declined to attend the annual super-elite World Economic Forum in the Swiss Alps, while the UK was represented chiefly by Sir David Attenborough and a giant Union-Flag banner across the front of the
From our UK edition
Patisserie Valerie, the cake-shop chain that found a potentially fraudulent £40 million black hole in its finances last October, fell into administration today after failing to persuade its bankers not to pull the plug. Chairman Luke Johnson, having lent the company £10 million plus last-minute cash to help pay this month’s wages for 3,000 staff,
