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Category: News & Articles

  • October 12, 2012

    Lack of capital and onerous HMRC rules are restraining tech start-ups

    The following article by Mark appeared in this morning’s City AM – click here to read it online. Shares for sackability. The Chancellor’s announcement earlier this week that employees could get a stake in their company in return for waiving certain employment rights seemed a rare flash of creativity from the Treasury. But as Allister […]
  • September 27, 2012

    The Road to Fiscal Union in the Eurozone?

    KAS European Roundtable, Wilton House, 21 September 2012 In spite of the annual August lull, September – with the Dutch election, the troika’s verdict on Greece and the German constitutional court ruling on the legality of the European Stability Mechanism – always promised to snap the continent’s politicians out of their sun and sangria-induced stupor. […]
  • September 27, 2012

    The great aviation debate

    London and the UK desperately require a new airport fit for the twenty-first century to serve the fast developing global market. For several years, I have favoured the Thames Estuary solution – also known as ‘Boris Island’ (click here to read my past speeches) – but we also need to face the fact that this option will take at least fifteen years before it is up and running. In the meantime we need to add additional capacity at either Gatwick or Heathrow. In light of my Party’s manifesto commitment not to expand Heathrow, the latter option comes with enormous political difficulties. However, I would suggest that any commitment to a third runway at Heathrow should come as part of a package ...
  • September 12, 2012

    Visit to the InterContinental London Westminster

    I was very pleased to visit InterContinental’s newest hotel yesterday which is nearing the end of its £150 million transformation in the Westminster segment of my constituency. This considerable investment underlines InterContinental’s long term confidence in Westminster as a place to conduct business. The hotel is set to be the first InterContinental to have opened […]
  • September 12, 2012

    The Fee Pool – London’s Essential Export

    The following article appeared in this morning’s Daily Telegraph. You can read it on the Telegraph’s website by clicking here The City of London has a proud reputation as a bastion of commercial certainty able to attract investment from every corner of the globe. Indeed it is for this reason that the recent LIBOR, money-laundering, and […]
  • August 8, 2012

    Standard Chartered Case Represents Fresh Challenge for City

    Operating within an international banking system, inevitably financial institutions will find themselves subject to regulators from across the global. No one can dispute the fact that the investigations by the New York Department of Financial Services into Standard Chartered and the US Senate’s Permanent Committee on Investigation’s probe into HSBC have been credible and forensically thorough. Clearly there are serious cases to answer at both banks which cannot be swept under the carpet. It is unnerving to reflect that some four years on from the start of the financial crisis, British...
  • July 26, 2012

    Mark writes for the Telegraph’s Britain Unleashed Series

    For all the talk of an existential crisis of capitalism, free enterprise and the market remain the only games in town. As the financial crash of 2008 plays itself out (and it has barely begun to do so), the real calamity to which the minds of the political class will soon be forced to turn is the unaffordability of our ever-growing welfare state. For all the talk of unprecedented austerity and savage public sector cuts the government is still borrowing £1 in every £5 we collectively spend. This current generation of Britons continues to consume recklessly beyond its means. Those of our children and grandchildren who decide not to leave these shores will in due course foot the bill for our ...
  • July 26, 2012

    Mark reacts to latest GDP figures

    The ONS figures released yesterday revealing that our economy shrank 0.7% in the last quarter are hugely disappointing. But Chancellor George Osborne is absolutely right in his steadfast determination to reduce the deficit. For all the talk of unprecedented austerity and savage public sector cuts, the government is still borrowing £1 in every £5 we collectively spend. We are in the midst of a crisis not of capitalism but of welfarism. The expansion of the European welfare model has for years served to make our continent less economically competitive. It is the sheer size and cost of the state that is smothering this nation’s wealth creators...
  • July 19, 2012

    The Role and Changing Powers of CEOs in the Spotlight

    When historians look back upon the first decade or so of the twenty-first century, I suspect they will analyse just how and why every one of Britain’s institutions (bar the Monarchy) came to be discredited. They will also ponder the demise of leaders in the worlds of politics, finance and business. The end of the Noughties witnessed a breathtaking financial collapse which swept away trust in banking. Simultaneously, a scandal broke over the misuse of MPs’ expenses that deepened an historical distrust of politicians....
  • July 16, 2012

    Concerts in Hyde Park

    Every year the programme of concerts in Hyde Park provokes a string of emails and letters to me from residents disturbed by noise and general disruption. In this Olympic year, the number of events has increased and their impact, added to dreadful summer weather, has given our glorious Park a pummelling. Last summer, I tabled a debate in the House of Commons to outline my concerns about commercialisation of the Parks, set out my opposition to the transfer...