Corbyn takes aim at the City

Jeremy Corbyn issued a warning to the UK financial sector yesterday, by pledging that he would “stand up to bankers” and set out his plans to rebalance the economy in favour of jobs and industry. In a speech delivered to the EEF National Manufacturing Conference, Corbyn declared that the dominance of deregulated finance over the UK economy was “destructive” and called for a fundamental rethink … Continue reading Corbyn takes aim at the City

Never mind Brexit, be inspired

by Bob Huxford A team  from Newgate attended the 1000 Companies to Inspire Britain event at the London Stock Exchange yesterday. Interestingly, the speakers at the event were full of optimism for UK business and the opportunities for growth. One significant positive on which the panel, consisting of representatives from HSBC, Cenkos, Business Growth Fund and The Telegraph, were all in agreement, was that availability … Continue reading Never mind Brexit, be inspired

Hogg’s head on a platter

May I declare an interest? I briefly worked for Charlotte Hogg’s mother – Sarah (now Baroness) Hogg. She at the time was the Business & City Editor of The Independent, so she should know a thing or two about public perception. Alas none of this appears to have been passed on to either her husband nor her daughter. Douglas – now Lord – Hogg was … Continue reading Hogg’s head on a platter

FCA Consultation Paper

The fairest, most informative deal for investors in post-Brexit IPOs. That’s what the FCA wants us to think The FCA consultation paper regarding research written pre-IPO will improve Britain’s perception as a competitive global listing hub The FCA – the City regulator – yesterday published its long awaited Consultation Paper outlining sweeping reforms as to how information should be disseminated, and indeed who it should … Continue reading FCA Consultation Paper

Has Brexit put the Chancellor in a Jam?

On 23rd November 2016, the Chancellor Philip Hammond delivered his first Autumn Statement to the House of Commons in which he declared he would prepare the UK economy to be resilient as we exit the EU. This represents the first financial statement from the Government since the EU Referendum and was set against the backdrop of gloomy news from the Office of Budget Responsibility (OBR) … Continue reading Has Brexit put the Chancellor in a Jam?

Previewing the Autumn Statement with Andrew Lilico

In anticipation of the Chancellor’s Autumn Statement, Newgate has asked a panel of experts what they hope to hear from Philip Hammond. Andrew Lilico is Executive Director and Principal of Europe Economics Philip Hammond should be talking about the key issues; the deficit; infrastructure; housing; trade/tariffs; financial services; the CAP; and green policies more generally. On the deficit, my recommendation would be to abandon the … Continue reading Previewing the Autumn Statement with Andrew Lilico

Previewing the Autumn Statement with Charlotte Black

In anticipation of the Chancellor’s Autumn Statement, Newgate has asked a panel of experts what they hope to hear from Philip Hammond. Charlotte Black, Independent Public Affairs Consultant and Former Head of Corporate Affairs at Brewin Dolphin Maintaining business and market confidence is the essential challenge for Chancellor Philip Hammond. Bespoke deals of the sort announced last month for Nissan should be avoided. I would caution … Continue reading Previewing the Autumn Statement with Charlotte Black

Previewing the Autumn Statement with David Buik

In anticipation of the Chancellor’s Autumn Statement, Newgate has asked a panel of experts what they hope to hear from Philip Hammond. David Buik, Market Commentator at Panmure Gordon This past year has been the most momentous one, politically, since 1961 when Nikita Khrushchev threatened the US with nuclear war and before that it was probably 1945 when the UK electorate hoofed Churchill ignominiously in … Continue reading Previewing the Autumn Statement with David Buik

Previewing the Autumn Statement with Graeme Littlejohn

In anticipation of the Chancellor’s Autumn Statement, Newgate has asked a panel of experts what they hope to hear from Philip Hammond. Head of External Affairs, Scotch Whisky Association The Chancellor’s first Autumn Statement may well be his last… in order to facilitate a shift back to a more traditional ‘Pre-Budget Report’. Under George Osborne, Autumn Statements became increasingly like a mini-Budget, with tax changes … Continue reading Previewing the Autumn Statement with Graeme Littlejohn

Defined Benefit Schemes – The Saga Continues

  The collapse of BHS has created further uncertainty in the pensions industry, as trustees of pension schemes come under even greater scrutiny from industry bodies and members calling for greater governance and better communication. We have seen how the recent Brexit vote has given defined benefit (DB) pension schemes another beating, after the stock markets went into meltdown. UK pension deficits have hit a … Continue reading Defined Benefit Schemes – The Saga Continues