The UK’s love-in with Aramco smacks of desperation, born of the political desire to score a high-profile post-Brexit “win” for London. But some victories aren’t worth the price, as big fund management houses have been telling the FCA endlessly. Bending the rules on “premium” listings to accommodate Aramco risks long-term damage to the City’s reputation as a place where investors enjoy strong rights. … [Read more...] about London’s love affair with Saudi Aramco smacks of Brexit desperation
Simply what is brexit
A monotone monarch worked her way through a long list that had been handed to her, with the aim of convincing a country that its new government is pulsating with energy and purpose. The Queen’s speech didn’t succeed on that count: it wasn’t coherent enough. There was the odd good idea, as on childcare, and other moves, on devolution, which could work well if they get the details right. There was nasty party stuff on benefits and home affairs. And then there were laws – most notably a bill not to increase taxation – for which there is simply no practical need. The Institute for Government seethed with quiet fury at squandering time – which could be spent on getting useful laws right, or making real things happen – on creating “virtue by statute”. … [Read more...] about The Guardian view on the Queen’s speech: it all comes back to Europe
He used data-driven campaigning to win over undecided voters by pushing a small number of key messages - and came up with the slogan "take back control". … [Read more...] about Who is Dominic Cummings and does Boris Johnson’s adviser have coronavirus symptoms?
He strikes home with some of his criticisms, but his attack on “ideological ultra-liberals”, a category so baggy that it could include George Osborne, Nick Clegg and Jeremy Corbyn, is too bludgeoning and sweeping to be persuasive. A son of the West Midlands, he is right to say that we have a significant problem with regional inequalities. From infrastructure spending to research and development, resources have been overly concentrated in London and the south-east. Where he is too crude is to suggest that this is simply because successive governments have not been bothered. Following the urban riots of the 1980s, Michael Heseltine, a Welshman, put a lot of energy into the revival of inner cities. The government of Tony Blair, who grew up in Durham, devoted a lot of attention to the regeneration of conurbations in the north. You can make a case that they didn’t care enough, but Timothy is wrong to suggest that they didn’t care at all. … [Read more...] about Remaking One Nation: The Future of Conservatism by Nick Timothy – review
On March 13 this year, the German Bundestag rushed through legislation expanding the scheme to try and meet the unique demands brought by the pandemic. One of the big changes was that access was made much easier for companies. Previously, a company could only avail if at least 30% of its workforce was affected by a lack of work. That figure has been drastically reduced to just 10% of a workforce. … [Read more...] about Short-time work: A vital tool in Germany’s economic armoury against coronavirus