The Great Debate UK
As Britain gears up for a general election with polls pointing toward a hung parliament, pundits are not only speculating on how the political landscape of the future might look, but they are also taking stock of the past.
In his new book “Broonland, the last days of Gordon Brown“, Christopher Harvie, a former colleague of Prime Minister Gordon Brown and an SNP Member of the Scottish Parliament for mid-Scotland and Fife in Brown’s Kirkaldy base, takes a turn at surveying the lay of the land.
Harvie analyses Brown’s role, New Labour and the trajectory of the economy, which grew under the leadership of prime ministers from Margaret Thatcher to Brown, in spite of the fact that Britain’s “infrastructure and education were poor, manufacturing shrank; the UK’s nations drifted apart, while London seemed to wilfully detach itself from Europe”.
The gap between the rich and poor has widened as manufacturing has been replaced by retail, entertainment and recreation.
-Julie Meyer is CEO of Ariadne Capital, a technology investment and advisory firm backing entrepreneurs in media, moble Internet and communications. The opinions expressed are her own.-
I recently spoke at an IBM event alongside former chancellor Norman Lamont about the issues that face entrepreneurs and how we can turbo-charge these value creators to help rebuild the country’s wealth.
-Julia Whittle is principal and head of international, Punter Southall Financial Management. The opinions expressed are her own. She will participate in a Reuters Budget live blog at noon GMT on Wednesday, March 24, 2010. Please tune in and join the discussion. –
We would certainly expect Chancellor Alistair Darling to use this budget to make a strong statement ahead of the general election to try to repair public confidence, but this may be difficult without making the situation worse.
-Danny Wootton is UK Innovation Director at Logica. The opinions expressed are his own. He will participate in a Reuters Budget live blog at noon GMT on Wednesday, March 24, 2010. Please tune in and join the discussion. -
It is pretty well accepted that budget cuts in public spending are inevitable, but it is important that a plan to effectively use the funding that will be available to stimulate the economy and drive innovation forward is developed.
- Joe White is chief operating officer at gandi.net. The opinions expressed are his own. He will participate in a in a Reuters Budget live blog at noon GMT on Wednesday, March 24, 2010. Please tune in and join the discussion.-
With the general election just around the corner, chances are that this will be a very safe budget from Chancellor Alistair Darling.
- Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. He might participate in a Reuters Budget live blog at noon GMT on Wednesday, March 24, 2010. Please tune in and join the discussion.-
The UK media have a long-established tradition of investing Budgets with a theatrical level of tension far in excess of their economic importance. It remains to be seen whether they will consider next week’s budget worth the effort of building up, because it is likely to be a complete non-event.
- Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own. -
So Bundestag members have been suggesting Greece sell an island or two, or maybe even the Acropolis, in order to pay off its mountainous debts?
- Anthony J. Evans is assistant professor at ESCP Europe Business School. He will participate in a Reuters Budget live blog at noon GMT on Wednesday, March 24, 2010. Please tune in and join the discussion.-
We’re used to hearing how credit markets “froze” in the summer of 2008, and how the subsequent policy responses have been aimed at economic recovery. Indeed politicians often use terms such as “stimulate” or “kick start” to give the impression that intervention is a necessary prelude to growth.
from The Great Debate:
For the growing number of Americans who see China heading for inevitable global dominance, nudging aside the United States, a brief walk down memory lane helps put long-term predictions into perspective.
Not so long ago, Japan was seen as the next (economic) number 1. American executives studied the 14 management principles of The Toyota Way, developed by the automobile manufacturer that grew into the world's biggest car maker and is now recalling millions of defective vehicles.
Britons have never really got the euro zone. "Its not really going to happen, is it?" was a typical question from a City analyst to Reuters back in the mid-90s. The political drive behind the creation of the monetary union was beyond many in eurosceptic Britain.
So the results of a straw poll at an event sponsored by independent City advisers Lombard Street Research were somewhat suprising. A hundred or so mainly British investors were asked whether the euro would be around in five years with its current membership. Response was about 80 percent saying yes to 20 percent saying no.