The Office for Budget Responsibility has spent the past decade trying to persuade politicians to look beyond the next fiscal event, and beyond the next election, to the quieter mathematics
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Capita has long sold itself to government as the steady pair of hands that can take complicated back-office systems off ministers’ desks and run them more cheaply, more efficiently and,
The Isles of Scilly are the sort of place that appears to have been designed to repel the modern British policy debate. A scatter of islands 28 miles off Cornwall,
The Bank of England is preparing to soften parts of the post-crisis rulebook that has governed British lenders since the financial crash, arguing that a system designed for one era
Lockheed Martin’s agreement to buy Ultra Maritime for $3.45 billion is, on its face, another large cheque written by the world’s biggest arms manufacturer. Look closer and it reads as
Half a million Russian households declared bankruptcy last year, a sharp and unsettling measure of the strain now running through the country’s wartime economy. The figure, up nearly a third
In the spring of 2020, with hospitals bracing for a virus that was still poorly understood and supply chains collapsing in real time, Whitehall found itself in a dilemma that
In the week of American Independence Day, the language of national destiny was repurposed for personal finance. From the Oval Office on July 4, President Trump formally launched a new
When a board has spent weeks insisting that an approach is “highly opportunistic”, that it “significantly undervalues” the business and that it raises “significant questions of deliverability”, investors are entitled
Zuber Issa has agreed to buy 85 petrol stations from the collapsed Prax Group, a deal that underlines two stubborn truths about modern Britain: fuel retail remains a cash-generating business
Andy Burnham is learning, quickly, that manifestos are not contracts so much as starting positions. In the heat of an election, they are drafted to reassure voters and to box
In the ritual theatre of the Nasdaq MarketSite, where founders pose for photographs beside the ticker and investors try to read a company’s future in the first minutes of trading,
The revolt gathering pace inside Britain’s biggest housebuilder is not the usual grumble about executive pay or a poor quarter’s trading. It is a more fundamental argument about what a
The moment Britain’s electric car market ceased to be a niche pursuit for early adopters and became, in simple arithmetic, a mainstream choice has been approaching for some time. In
Mark Carney has spent much of his public life urging governments, banks and boardrooms to treat climate risk as financial risk. Now, as Canada’s prime minister, he is arguing that
In the City, where careers are made on speed and secrecy, the most revealing battles are often fought long after the trades have settled. Citadel Securities, the formidable market-making arm