Spring at last – but who’d want to own a giant shopping mall?
Retail footfall will be the first measure of recovery this spring. Everywhere I look, from central London to small-town Yorkshire,…
Was Deliveroo the most embarrassing flop in City history?
The market emphatically endorsed my negative opinion of the Deliveroo share offer, which bombed from its offer price of 390p…
Enterprise and teamwork, not greed, delivered the vaccines
‘The reason we have the vaccine success is because of capitalism — because of greed, my friends.’ So Boris Johnson…
The chips are down for a new era of fractured trade
Just as the auto industry embraces the electric future I wrote about last month, it hits a new crisis: a…
This tangled tale of Greensill and Gupta may hide systemic dangers
Historians of unforeseen crises talk about ‘chaos theory’ and the ‘butterfly effect’, in which a small perturbation far away —…
Spacs and the City: if London won’t, Amsterdam will
This column generally takes a sceptical view of financial novelties and gimmicks. So my antennae have twitched in recent days…
The case for keeping business taxes low, simple and competitive
Why should business pay tax at all? That’s a provocative but forlorn question to ask in Budget week. Business pays…
Suddenly, it’s fast-forward to an electric future for the car industry
Back in November, when Downing Street’s pandemic responses looked daily more incompetent, the announcement of a ban on sales of…
The City is losing its battle with Brussels and Amsterdam
No sign of progress towards a workable deal with the EU for financial services, on which news is due next…
Rapid recovery means no negative rates – and a good time to buy a pub
It’s obvious from the body language of Bank of England Governor Andrew Bailey that negative interest rates — much talked…
Reddit’s righteous uprising must end in a bloodbath
The Reddit story — in which a ragtag army of small investors have executed a spectacular short squeeze against hedge-fund…
Amid the mayhem of today, an upbeat tale from 50 years ago
The online fashion retailer Boohoo is buying Debenhams without its stores and staff, confirming the demise of the high street.…
Abolish stamp duty? Not if the next step is a wealth tax
On the Wednesday in early July when Rishi Sunak announced a temporary increase from £125,000 to £500,000 in the stamp…
Why Tesla has to be a better bet than bitcoin
Which is madder, bitcoin at $41,500 — oops, make that $31,000 on Monday — or Tesla shares at $880 apiece?…
The Brexit deal has left the City to fight for its own future
‘This Article shall not apply with respect to financial services.’ That’s what it says on page 92 of the EU-UK…
Avoiding the punch at the Governor’s Christmas party
Tidings of comfort as the vaccination programme advances, but shortage of joy. That’s my summary of a season in which…
The business world has many shades between hero and villain
Separating heroes from villains in the great retail survival struggle is like spotting bent coppers in Line of Duty —…
Green will be remembered only as a nasty stain on capitalism
There really isn’t much left to be said about Sir Philip Green as his Arcadia fashion empire collapses into administration,…
Pension funds need a push to invest in the green revolution
We’ve heard a lot this week about infrastructure spending, and how much more will be needed if the UK is…
If taxes must rise, Sunak should pick on private equity
It’s not axiomatic that taxes must rise to pay for the pandemic, if you seriously believe the surge in growth,…
Beyond the new euphoria, the Irish question still looms
FTSE indices soared as the Biden Bounce met vaccine euphoria, underpinned by the Bank of England’s announcement of another £150…
Searching for points of light in the darkest of weeks
Aviation, nuclear power and public transport — along with good restaurants, golden retrievers and hand-knitted bed socks — are, as…
What’s the point of trying to break up ‘big tech’?
The ‘antitrust’ law suit launched by US authorities against Google has been reported as a potential turning point in the…
Who’d want the job of vaccinating the nation?
Is that a light at the end of the tunnel — or a second lockdown thundering unstoppably towards us? News…
What would negative rates mean for personal savers?
The Bank of England has told commercial banks to prepare for the possibility of negative interest rates. This last hypothetical…
