Keep Buggering on

Winston Churchill’s slogan “Keep Buggering On” became a national catchphrase during the Second World War. Duncan Weldon from The Economist highlights key themes from his brisk history of Britain’s economy since the industrial revolution, taking in everything from the South Sea Bubble to the impact of the financial crisis. According to Weldon the same issues…

WeWork made freelancers feel that they were on Google campus

Grifters came to be called visionaries and high finance lost its mind. In 2001, charismatic Adam Neumann arrived in New York, the land of opportunities, after five years as a conscript in the Israeli navy, he transformed himself into the charismatic CEO of WeWork worth $ 47bn, within the span of 15 years. His long…

Vision Fund 2 Splashes out $13bn

  SoftBank secured Fund of $13bn poured into more than 30 countries during the second quarter. During the first three months of the year the fund invested $2bn in two dozen companies according to public disclosures. With the second Vision Fund the Japanese company slightly altered its approach – instead placing more modest bets on…

Morrisons’ share price leaps to 28 per cent on takeover offer

Morrison’s shares closed at 228p on Monday, just below the 230p-a-share proposed by Clayton Dubilier & Rice. Morrisons’ share price has surged 28 per cent  after a US private equity firm CD&R made an offer to buy the Uk’s fourth largest supermarket group  which has 500 stores and employs 118, 000 people, for £5.5 bn.…

US tax code has one rule for the rich and another for the rest

Seventy one per cent of Americans believe the economy is rigged in favour of the rich starting with tax code. Former BlackRock executive Morris Pearl, the millionaire chair of the Patriotic Millionaires and Erica Payne, the organization’s founder, reveals and engaging and enlightening insider’s tour of th nations tax code, explaining how “the rich” manipulate…

Budget 2021- Sunak’s support for Covid-19 totals £407bn

“Coronavirus has caused the largest and most sustained economic shocks in this country has ever faced,” Sunak said Furlough scheme extended until the end of September along with VAT cut for hardest-hit sectors to boost the hospitality and tourism industries over the summer. The government will maintain its support for the self-employed, with grants handed…

Covent Garden Estate has taken £400m hit

Capital & Counties Properties ( LON: CAPC), the owner of Covent Garden estate reduced by 27 per cent in 2020 on a like-for-like basis, and has taken a hit of £400m on the value of London shopping and entertainment site, as the independent property valuation had fallen to £1.8bn as of the end of 2020,…

Corporate America and China

Clyde Prestowitz who worked for President Ronald Regan, and renowned globalisation and Asian expert has advised subsequent US administrations offers useful advice for Joe Biden the new American 46th president to adopt, as resetting US relations with China will be one of his top agenda. The strategies that the United States and its allies can…

The Third lockdown may cost UK £400million every working day

  The UK Lockdown could hit the borrowing balloon for the 2020/2021 financial year past £450 billion and predicts the latest coronavirus restrictions could cost the country £400 million every working day. Chancellor Rishi Sunak announced a new £4.6 billion plan to help businesses through a new lockdown, including one-off top-up grants up to £9,…