t: 020 7730 8181 e: mfield@twocitiesconservatives.org.uk

Category: Economy

  • May 30, 2013

    The Office for Budget Responsibility

    This year’s Budget continued a hapless, unparalleled record of forecasting failure for the OBR. Sadly what has so undermined City commentators’ confidence is that the OBR’s independent analysis has invariably veered in the direction of robust support for the Treasury’s economic projections. At each succeeding Autumn Statement and Budget since June 2010, the OBR has […]
  • May 11, 2013

    The mispricing of risk

    ‘Is there more to come?’ It was with this question in mind that I gave my first book the provocative title, Between the Crashes. Launched last month with the support of ConservativeHome, Between the Crashes provides a timeline of the seismic political and economic events that followed the collapse of Lehman Brothers in 2008. In […]
  • April 15, 2013

    Whatever happened to that export-led growth?

    In a fast-changing world the truth is the global race has been underway for some time. The past half-decade ought to have been the best of times for UK exporters. After all, in the immediate aftermath of the financial crisis sterling dropped in value by over twenty percent against the currencies of both our biggest […]
  • March 19, 2013

    Another twist to the Eurozone crisis – what a Cyprus haircut may mean

    Just when the markets were being lulled into complacency, this weekend’s dramatic news from Cyprus has acted as a timely reminder that at best the problems of the Eurozone have been parked, rather than solved. Unsurprisingly the markets have taken fright and it is by no means certain that the Cypriot government will be able […]
  • March 19, 2013

    The Chancellor shouldn’t seek quick fixes in tomorrow’s Budget

    We should neither expect, nor want, fireworks on Wednesday. There is no doubt that the Chancellor’s room to manoeuvre is incredibly limited. Much of this, of course, can be attributed to global events – we only need to look at the weekend’s dramatic news from Cyprus to know that the Eurozone crisis is far from […]
  • March 7, 2013

    Mark in the Telegraph – The government must hold its nerve on bank stakes

    Mark wrote this morning for the Daily Telegraph following the interventions by RBS Chief Executive, Stephen Hester, and Bank of England Governor, Sir Mervyn King, on the government’s shareholdings in British banks. The article can be read online , in pdf and is pasted below. http://www.telegraph.co.uk/finance/comment/9913399/The-Government-must-hold-its-nerve-on-bank-stakes.html  ‘Fit for sale’ by the end of 2014. That is […]
  • February 23, 2013

    The deeper discontent beneath the mansion tax debate

    ‘It’s like the Harrods sale!’ exclaimed Rob Tincknell in January. As Chief Executive of the Battersea Power Station Development Company, it was no surprise that he greeted the stampede to secure new Battersea homes with elation. More than £600 million worth of prime London properties – three quarters of the 800 homes on site – […]
  • February 22, 2013

    Is the City a Drain on Talent? – Mark speaks at the Oxford Union

    Mark was asked to join a debate at the Oxford Union in opposition to the Motion, ‘This House Believes the City is a Drain on Talent’. Joining him in opposition were Chris Saul of Slaughter & May, James Uffindell of Bright Network and Robin Geffen of Neptune Investment Management. In proposition were Claire Perry MP, Doug […]
  • February 8, 2013

    Mark appeared on Friday’s Daily Politics to discuss banking reform. You can view that appearance at around 9 minutes in on BBC iPlayer. Mark’s notes on the issues being discussed can be read below.  http://www.bbc.co.uk/iplayer/episode/b01qmrgc/Daily_Politics_08_02_2013/ RINGFENCE –          I have always been sceptical about the practicability of a ringfence; if it is such a great idea, […]
  • February 4, 2013

    Bash the banks and global companies if you must, be we need them more than ever

    Berate banks and bankers if you wish. Slate the tax arrangements of large multinationals, whose contributions in VAT and employers’ national insurance remains substantial even if their corporate tax contributions (thanks to a hopelessly complicated UK tax code) fall short of that demanded by a print media (whose own holding companies are operated by tax-efficient […]