Better with their hands: Getting rid of the stigma around vocational education August 14, 2014 Long the “gold standard” of the education system, A-Levels unlock the next stage of education or a career for hundreds of thousands of young people across the country. But it’s easily forgotten that they are only taken by a minority – just 37 per cent of the UK’s 18-year-olds. So why don’t the alternative qualifications [...]
Iran’s female Fields medalist is a reminder of prosperity’s liberating power August 14, 2014 Amid all the horror and hard choices dominating the global news this summer, it’s important not to miss the brighter trends as well. So it is worth taking a moment to salute Maryam Mirzakhani, who became the first woman to win a Fields Medal, the Nobel of maths, this week. Mirzakhani was among four researchers [...]
Short-sighted political populism risks missing shale gas’s potential benefits August 14, 2014 The Department of Energy and Climate Change’s consultation on allowing fracking companies access to shale gas 300 metres below the ground closes today. Its overarching aim is to stop landowners forming legal blockades – a form of Nimbyism causing significant impediments to shale gas exploration in parts of the country. This is undoubtedly a sensible [...]
As Eurozone growth flatlines, is the bloc facing a lost decade? August 14, 2014 Sam Bowman, research director at the Adam Smith Institute, says Yes. A quarter of Spanish workers are unemployed. Youth unemployment in Greece is above 50 per cent. All Italian growth in the last 15 years has been wiped out. And Germany’s economy, previously healthy, shrunk in the second quarter. Across the Eurozone, unemployment is above [...]
Legal & General’s Nigel Wilson sends slap in the face to Breedon as associates shudder – Inside Track August 13, 2014 Nigel Wilson has hardly put a foot wrong since replacing Tim Breedon, his po-faced predecessor, as chief executive of Legal & General just over two years ago. While investors are happy with the outspoken Geordie, however, his fellow insurance bosses are not – at least not after his latest bombshell dropped yesterday. Confirming [...]
The sorry tale of forward guidance August 13, 2014 What remains of the Bank of England’s policy of forward guidance, launched just a year ago? In the light of yesterday’s Inflation Report, the answer has to be “not much”. The value of guidance from a central bank should be to provide a consistent and reliable indication of how it is thinking about its decisions [...]
The power of our top football clubs is making the Premier League predictable August 13, 2014 The Premier League kicks off again this weekend. And given the abysmal showing of our boys in the recent World Cup, a falling off of interest might be expected. But increasingly, our domestic football league attracts many of the best players from around the world. A self-reinforcing process has been set up on a global [...]
Rising rates will kill off the zombie firms – but this may hurt SMEs too August 13, 2014 It’s been a while since we heard about zombie companies – those businesses without much of a future, clinging on mainly because of record low interest rates. There’s an underworld of these poorly performing firms – unable to invest, tired, demotivated, with poorly rewarded staff and new ideas that are thwarted at every turn by [...]
Would a vote for Scottish independence significantly harm the UK’s security? August 13, 2014 Professor Malcolm Chalmers, research director at RUSI, says Yes. We won’t know how serious the consequences are until we know the separation terms. But if Scotland insists on expelling Trident by 2020, as is promised, the UK would not be able to rebuild nuclear bases fast enough to remain a nuclear power. We could see [...]
How do you decide to change jobs? Here are the 6 questions you must ask yourself August 13, 2014 Changing jobs can be a terrifying and dangerous decision. Which is why despite some people enjoying working for the same company for decades, some stay in jobs they hate because they fear change and stay with the devil they know. Others see it as completely normal to change jobs every couple of years – and [...]