Tag: Larry

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Businesses badly need some help from Rishi Sunak’s autumn budget

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Budget speeches normally last for about an hour and by tradition chancellors spend the first 10 minutes or so pointing out how well the economy is performing. All do this regardless of their political affiliation, and...

Budget purdah has been replaced with news management and spin

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There was a time when budgets were kept secret until the moment the chancellor of the Exchequer stood up in the Commons to reveal the contents of his red box. For weeks leading up to the big day, the Treasury would go...

Early interest rate rise? Why that increasingly looks out of the question

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Recent City speculation that the Bank of England may raise interest rates before the year’s end looks wildly premature in the light of the recent performance of the economy. The picture is clear. Activity rebounded fa...

Will October again be memorable for wrong reasons as economic risks build?

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Bad things happen in October. It was in this month 13 years ago that the global banking system came close to imploding. There was a stock market bloodbath in October 1987. And it was in October 1929 that the Wall Stre...

Boris Johnson’s ‘high wage’ agenda is taking the wind out of Labour’s sails

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There’s nothing original about saying Britain needs a new economic model. Nor that poverty wages should be a thing of the past. Or even that business needs to stop relying on cheap imported labour and invest more in s...

Voters are receptive to ‘leftwing’ policies but Labour must build trust

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Labour is not much cop at winning elections. In its entire history, the party has won only five elections with a comfortable majority. The brutal truth is that Labour should be good at opposition because it has plenty...

Britain faces a triple crunch – and the political cost for the Tories could be huge

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Long before there was talk of an energy crisis, the government had been looking vulnerable. Economic growth is slowing and inflation is rising. Despite the Indian summer, Covid-19 infection rates remain high, and the ...

Larry Elder: defeated California recall challenger takes a page from Trump’s big lie playbook

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California’s governor Gavin Newsom may have resoundingly defeated a recall attempt, but that didn’t stop a Republican challenger from attempting to sow doubt about the outcome even before polls closed. Larry Elder, th...

Road pricing may be the best option as number of electric cars rises

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It all seems so simple. By the end of this decade the government will ban the sale of petrol and diesel vehicles. Cars will be greener and cleaner, making it easier to achieve the goal of a net carbon zero future. Bor...

So what’s so wrong with labour shortages driving up low wages?

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The number of job vacancies has topped the 1m level for the first time. Firms are screaming out for staff. Labour shortages abound. Wage growth is accelerating. There are calls from industry lobby groups for the gover...

The pandemic-induced global slump is just part of a 20-year financial crisis

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Every year since 1978 the world’s central bankers have gathered to chew the fat at Jackson Hole in the Grand Tetons. This year’s star attraction is the most influential central banker of them all – Jerome Powell – and...

Sunak’s stamp duty holiday hard to square with ’levelling up’ rhetoric

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Rishi Sunak’s approval ratings tell their own story. The chancellor’s stock is high, because the Treasury’s furlough scheme has limited the job losses from the pandemic. But while Sunak has had a much better crisis th...

Rise of cryptocurrencies can be traced to Nixon abandoning gold in 1971

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Few dates in economic history classify as turning points but one of them was 15 August 1971 when Richard Nixon went on TV to announce that the US would no longer exchange dollars held by foreign governments for gold. ...

Fairness will be key to successfully tackling the climate crisis

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The message from the Intergovernmental Panel on Climate Change could hardly be clearer. Business as usual means global temperatures will rise by more than 1.5C above pre-industrial levels within two decades. Preventin...

Google co-founder Larry Page is a New Zealand resident, government says

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Billionaire and Google co-founder Larry Page is a New Zealand resident, and visited the country in the midst of Covid-19 border restrictions. The government confirmed Page’s residency after New Zealand outlet Stuff br...

Johnson’s scapegoating the young over Covid jabs is not a wise tactic

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The Conservative party has a problem with young people. In the last general election fewer than one in six of the under-25s voted for Boris Johnson, and it is unlikely that the pandemic has improved matters. While it’...

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