Politicians everywhere have to decide between satisfying long-term national needs and achieving short-term electoral rewards. It is hard to imagine a more worrying sign of this conflict – as a report from the National Audit Office (NAO) last month helped highlight – than the present policy confusion in the UK over renewable energy.
Guy Hands’ View
22 May 2014
Earlier this month, I was very pleased to take part in the Annual Hands Lecture, hosted by Mansfield College, Oxford. My wife Julia and I, along with Mansfield’s Principal Baroness Helena Kennedy, welcomed internationally renowned attorney David Boies to deliver a lecture on the topic of “Human Rights and the Rule of Law: Eight Centuries after Runnymede.”
20 May 2014
Our love of gardening – and for Alan Titchmarsh who has designed a garden for the first time in three decades – means tickets for the 101st Chelsea Flower Show are changing hands for £575, nine times face value.
14 May 2014
If we needed a reminder of how politics and energy are inextricably linked, the Ukraine crisis has done us all a timely service. The price and supply of gas is rapidly becoming a major Russian weapon against its neighbour, and by extension, its European supporters.
9 May 2014
THE PENNY seems to be slowly dropping. Investors have taken fright at how they have driven up the value of the tech sector. A range of big name tech firms have suffered sharp falls in share prices. Twitter is down over 40 per cent over the last three months. Facebook has fallen by 11 per cent over the same period.
17 March 2014
George Osborne’s Budget speech this week is, as usual, shrouded with secrecy. But I think we can all anticipate it will include a hefty section on the Government’s support for the hi-tech industries of the future and the high-skilled jobs they would provide. This has, after all, become as much part of the Budget tradition as the photograph of the Chancellor posing outside No 11 with his red box.
28 January 2014
No matter what the politicians say, GDP is a distorted guide to economic performance and a bad way to measure prosperity
When running a business, you learn that nothing matters more than setting the correct objectives and making sure you keep a very close eye on the balance sheet.
1 November 2013
Japan’s recent economic history has haunted Europe ever since the global financial crisis first hit. With every quarter of weak or non-existent growth, the country’s two lost decades of stagnation was seen as a terrible warning of what the future held for Europe and the UK.
25 October 2013
Earlier this month, we at Terra Firma were very pleased to receive the Operational Excellence Award from Private Equity International (PEI) for the European Large-Cap category. This was a wonderful recognition of the years of hard work Terra Firma has spent transforming Deutsche Annington, which ultimately transformed the business from a quasi-state-run entity to a world-class company which is now listed on the Frankfurt Stock Exchange.
11 September 2013
The Trade Union Congress, like a Seventies revival band, rolled into Bournemouth this week. There will, I predict, be few surprises. From the conference floor, we will hear all the old hits replayed with industrial action threatened, government failure and employer callousness slammed by a succession of speakers. In response, the media, politicians and business will react by painting unions as out-of-touch and a brake on progress. It is a familiar if depressing narrative.