A French person looks set to replace a French person at the top of the world's most powerful financial institution. I will say this for the French: they know how to look after their own... more
The chief executives and chairmen were certain. There was not a ha'penny's worth of doubt in their minds. The 35 bosses, something close to a who's who of Britain's boardrooms, were so adamant that George Osborne's spending cuts were vital and wise that they wrote a letter to the Daily Telegraph saying so... more
Gordon Brown always confused academic ability with a duty to govern and then, in turn, confused this duty with entitlement. Matthew d’Ancona examines what lay behind the Prime Minister’s sudden resignation... more
How intriguing that Lord Mandelson should delve into the history books to damn his erstwhile Corfu holiday chum, shadow chancellor George Osborne, yet again... more
A worldwide economic apocalypse has been averted and economies around the world are on the up, according to Paul Krugman, the Nobel Prize-winning economist best known as Doctor Gloom... more
A second Great Depression has been avoided but a full economic recovery remains two years away, Nobel Prize-winning economist Paul Krugman said ... more
A combination of humility, old-fashioned party management and sheer weight of numbers helped Gordon Brown survive the crunch meeting of the Parliamentary Labour Party... more
When I reviewed Niall Ferguson's The Ascent of Money last year, I said it was a pity he had been caught out by events, that he'd had little time to cover the banking collapses and credit crunch. "The second edition should provide an appropriate topping-out ceremony for money's stranglehold."... more
Challenger brands, I learned this week, are upstart companies snapping at the heels of established rivals. Virgin Atlantic taking on British Airways is the textbook example of a successful challenger (while Virgin Cola's lame assault on Coke and Pepsi is a popular case study for the opposite reason) ... more
Congratulations to Finsbury on winning the Royal Bank of Scotland PR account. A clue as to where the plum contract might be heading came when Finsbury didn't repitch for the Lloyds Banking Group business.... more
Few people in Britain have taken too seriously the claims by US Nobel economics laureate Paul Krugman and other luminaries that Gordon Brown's recapitalisation of the banks means he is a global superhero... more
Tonight:
3°c
