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…

DOJ block  $30bn Aon and Willis Tower Watson merger

Aon and Wills Towers Watson have departed from a $30bmn tie-up that would have created the world’s biggest insurance broker after the US government sued to block the deal. Greg Case, Aon’s CEO said: “the companies have reached an impasse with the US Department of Justice, which had overlooked the fact that our complementary businesses…

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…

Small firms have been thrown a lifeline by Supreme Court ruling

  Lord Hamblem the Supreme Court judge said the court accepted the arguments from representatives of policyholders and dismissed appeals from insurers against an earlier judgement finding in policyholder’s favour, covering issues such as disease clauses, whether business was denied access to the properties and the timing of lost earnings. Following a Supreme Court ruling…

How to Make Britain Great again

Respected financial journalist Alex Brummer and Brexit supporter was offering an argument for optimism in his must read book The Great British Reboot, and offers a manifesto for how to re-engineer the UK economy. Brummer’s  prescriptions align with Prime Minister Boris Johnson’s political prospectus, despite the gap between strategy and implementation remains wide apart. His analysis of…

Resistance to abolition of slavlery

The English Heritage unveiled blue plaque on the wall of Schomberg House on Pall Mall, London to commemorate the residence of Quobna Ottonah Cugoano, the author and campaigner in 1787 wrote one of the first exposes by an African of slave trading, criticising continued tolerance of horrors of the slave trade by the British Government…

Takeover bid hit Christmas early in London

While Covid-19 lockdown is going on there is a boom in London’s takeovers  as  a £7bn bid for insurance giant RSA  was followed by  deals in property, food and tech sectors, which drove  up shares in Aviva and Hiscox. Wellcome Trust’s investment arm snapped up property group  Urban and Civic  for £506m and Mr Kipling…

Post-furlough job losses worse among young and ethnic minorities

Resolution Foundation’s latest survey of 6, 000 adults found 19 per cent of 18-24-year-olds who were furloughed during lockdown were unemployed in September. For Black, Asian, and other minority ethnic workers the figure was 22 per cent compared to 9 per cent for the general population. The Treasury said its wage support schemes had helped…

The UK is officially into recession

The UK economy suffered its worst and biggest slump on record between April and June due to coronavirus lockdown measures, shrinking as much as 20.4 per cent compared with the first three months of the year. The UK is officially into recession. Household spending plunged as shops were ordered to close, while factory and construction…