If you thought dowries in Britain were a thing of the past, think again.
City Of London Corporation
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Monday 27 June 2011
Mervyn King once wowed an audience by explaining why the Bank of England was like Maradona. He referred to the Argentine's amazing second goal against England at the 1986 World Cup, when Maradona ran from the halfway, basically in a straight line, thus avoiding England's players who expected him to swerve. The Bank can do the same thing, King explained, since the markets expect it to change course. Now, however, Malcolm Barr of JPMorgan, reckons that the better analogy would be with Maradona's first goal in that game, when he got away with handball. The Bank's subtle shifting of its inflation forecasts, says Barr, are not quite so blatant – "but it is certainly lingering in an offside position, hoping not to be flagged".
Sunday 05 June 2011
Wednesday 01 June 2011
Friday 15 April 2011
If the 2008 banking crisis had an architectural motif, it was the Gherkin. In City Blues, a series of cartoons about the financial crisis by the female cartoonist Marf at Guildhall Art Gallery, it appears at least a dozen times, an instantly recognisable shorthand symbol for the Square Mile's decade of excess, self-celebration and collapse. In one cartoon, the Gherkin has even found its way into a lap-dancing club, having morphed into a decorative penis. Its familiar form presumably offers a reassuring sight for the attendant bankers who, the caption tells us, are strictly forbidden from enjoying any sort of "quantitative easing".
Wednesday 30 March 2011
A love letter sent by the Romantic poet John Keats fetched a record £96,000 at auction in London yesterday.
Tuesday 25 January 2011
The French President Nicolas Sarkozy opened his presidency of the G20 group of nations yesterday by calling for a $100bn (£62bn) tax on banks. The so-called "Tobin tax" on transactions has been championed by organisations such as Oxfam and the TUC, but the financial services industry vehemently opposes it.
Thursday 16 December 2010
The City of London yesterday sought to put a more positive sheen on its somewhat tarnished reputation, arguing that Britain's financial services industry last year accounted for more than £1 of every £10 raised by the Treasury in tax.
Wednesday 24 November 2010
Outlook The proposal for an immigration cap was always going to prove to be one of the Conservative Party's dafter ideas. It might be the sort of thing that gets them going in the shires, but, as has been proved, it is fundamentally a crude and over simplistic measure for tackling a complex issue.
Wednesday 17 November 2010
Today's award for a nakedlyself-interested survey goes to CrossCountry trains, which reckons "cuts in the use of first-class train travel are costing UK businesses £15,624 in lost productivity per employee every year". The train company arrived at this remarkably precise figure by surveying 1,000 business folk – more than half of them said they had been stopped from using first-class train travel during the downturn and 70 per cent of those banned from the posh seats said they felt unable to work instandard carriages. Our hearts go out to them.
Wednesday 06 October 2010
No doubt Stuart Fraser, abigwig in the City of London Corporation, felt he was among friends when speaking at a Conservative Party conference fringe meeting about the Cityyesterday. Still, it may not have been entirely wise to begin a defence of bankers' bonuses thus: "When God gave out brains, he didn't give them all out equally, and so we have to live in an unequal society."Naturally, his remarks are now doing the rounds of theblogosphere.
Tuesday 05 October 2010
I thought that blond bloke with the bikes ran our capital city?
Wednesday 23 June 2010
Thursday 17 December 2009
A day after board governors resigned at London Metropolitan University over a £36m student funding scam, senior staff have learnt that they face the threat of suspension and disciplinary action.
Wednesday 09 December 2009
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
End of the licence fee: BBC to back radical overhaul of how it is funded
Nigel Farage promises Ukip will not 'stigmatise' would-be migrants – and says he wants 'everyone to speak the same language'
Ex-head of MI6: 'We shouldn't kid ourselves that Russia is on a path to democracy'
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
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