Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’
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There will be some tweaks to the way that pension funds are allowed to invest their money. There will be some modest rewriting of EU rules on the way investment banks can provide analysis of company performance. And there will be some reduction in the big bundles of paper a company needs to issue before
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We will need tighter regulation. We will need new laws and controls. And we will have to organise boycotts of advertisers to bring it into line. Ever since Elon Musk took over Twitter, and started to try and make the liberal-left’s favourite mouthpiece slightly more balanced, not to mention slightly more profitable, there have been
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Millions of potential voters in marginal constituencies face punishing rises in their mortgage repayments over the coming months and years. The government is in disarray on the issue and is largely to blame for the mess. Labour has spied an opportunity to hammer the Conservatives: it is talking about a ‘Tory mortgage penalty’ and shadow
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Tax rises would bring debts under control. The Bank of England would bring inflation back down again. The government would steadily win back the confidence of the financial markets, repair relations with the EU, remove some of the obstacles to growth and, once all that was in place, try and cut a minor tax or
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It will create lots of well-paid jobs, especially in Scotland. It will reduce our electricity bills. And it will make sure the lights can still be switched on regardless of what is happening in the rest of the world. Labour leader Sir Keir Starmer has made a big pitch today for ‘energy security’, promising to
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The waiters can sometimes be a little surly. That holiday villa you booked in the Loire may not always be as desirable as it looked in the pictures. And you can never be entirely sure which side they will be on in a major war. Still, despite occasional inconsistencies, there is one thing you could
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There are plenty of reasons for viewing today’s huge merger deal between the UK mobile networks of Vodafone and Three with suspicion. It could reduce choice for consumers. It may lead to job losses. And it is possible that they will downgrade their service even more than they already have, cut back on investment, and
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Sometimes it helps to have a banker as Prime Minister. They have plenty of faults. They can be dry, calculating, and they are typically far too rich to connect with ordinary people. But if they have one thing going for them it is this: they can spot free money when they see it. And Rishi
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A frantic round of last-minute lobbying is already underway. Officials are trying to stitch together a deal. And the Prime Minister Rishi Sunak is pushing hard to find a compromise that works for both sides. There are lots of negotiations over ‘rules of origin’ for electric vehicles that will allow Vauxhall to keep its plants
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We might have thought Trussonomics was dead and buried for a generation after its author’s short-lived premiership last autumn. But all of a sudden it has a high-profile, if slightly unexpected, convert: Sir Keir Starmer. In an interview with BBC Radio 4’s Today programme this morning, Starmer was sounding a lot like Kwasi Kwarteng last
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Hollywood will be backing him en masse. The major newspapers will be rooting to put him back in the White House. And most of corporate America, in between filling in the forms for the next round of ‘green subsidies’, will be quietly hoping for another four years of lavish spending and protectionism to keep out
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It was, admittedly, not quite as thrilling as an action sequence from Call of Duty. Even so, the statement put out by Bobby Kotick, chief executive of US video game publisher Activision, following the UK’s bizarre decision to block the company’s acquisition by Microsoft was about as bloodthirsty as any ever put out by a
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The chip maker ARM decided against listing its shares in London, despite plenty of arm twisting from the government. The building materials group CRH decided last month that New York was a better place for its equity to be traded, leaving the FTSE for good. The mining giant BHP has moved its listing from London
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The director-general has been forced to stand down amid allegations of misconduct. There are allegations against others inside the organisation of harassment and even rape. And a culture of bullying and misogyny has been revealed. It is just possible that the CBI could be in worse shape. It could have been engaged in satanic rituals, perhaps, or
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It could be next month. It might be next week. Or it might well happen over the weekend. But today’s collapse in the share price of Deutsche Bank, and the huge rise in the cost of insuring its debt against default, means it is probably only a matter of time before there’s an intervention. It
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He has plenty of money. He earns a substantial amount from his investments. And he gets a City firm to prepare his returns rather than doing them himself at close to midnight after a couple of fines from HMRC like the rest of us. In truth, there were not a lot of surprises when the
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It would be enough to buy Tesco twice over. Or Barclays, with almost enough change left over to buy Lloyds as well. Even by the standards of the financial markets 50 billion Swiss francs (£45 billion) is a lot of money. And yet, as it turns out, it is not enough to save Credit Suisse.
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It will be yet another bailout for failed bankers. It will simply encourage yet more risk-taking in the City. It only impacts a tiny number of tech companies and venture capital funds, and anyway we can’t afford it. As the London arm of Silicon Valley Bank – which has gone spectacularly bust over the weekend
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It would have been bad enough if just one major British company had decided to list its shares in New York rather than London in the space of a single week. But two? First it was the chip-maker Arm, one of the UK’s very few major technology companies. Then came the building materials giant CRH.
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Our growth rate has been miserable. We have not invested enough. And over thirteen years the Conservatives have cut spending too much, damaged our trading relationships with our major neighbours, and made a mess of the tax system. These were Labour leader Sir Keir Starmer’s major criticism of Tory economics today in a speech in which
