When there are seismic shifts in the economy, the companies that will triumph are those that can get ahead of social and economic change rather than be beaten by it. And that is why the John Lewis Partnership should be a beacon for other enterprises faced with a massive challenge. For some firms, obviously the … Read more
HAMISH MCRAE: If our city centres remain ghost towns it will be a social disaster as well as an economic one Walk across the City’s financial district and it is a ghost town Boris Johnson quite understandably has urged people to go back to their offices By Hamish Mcrae, Financial Mail On Sunday Published: 21:54 … Read more
Will it work? And who will pay? Those are the two questions raised by Rishi Sunak’s summer package to boost the economy. The answer to the first is: to some extent yes, but that depends on a lot of other factors. And to the second it is: all of us, either as taxpayers or savers. … Read more
If Rishi Sunak does not pitch the next stage of his rescue operation right, then when the job furlough scheme ends in October, the outlook could be grim indeed.
HAMISH MCRAE: We should be aware of our vulnerability and resist losing national control of enterprises that are important to our society The IMF last week forecast that the UK economy would be down by 10 per cent By and large the Government – and the Bank of England – are doing the right things … Read more
HAMISH MCRAE: The turning point in the economic cycle has been passed, from now on the direction is up By Hamish Mcrae For The Mail On Sunday Published: 22:32 BST, 20 June 2020 | Updated: 22:32 BST, 20 June 2020 The mood has changed. You can feel a bustle in the streets. Yes, we are … Read more
The Government has to let the country get moving again. The damage piles up every day that the lockdown continues – damage in personal as well as economic and financial terms. No one wants a return of the virus, which is now receding fast, so a step-by-step response makes sense. But the dithering, uncertain way … Read more
HAMISH MCRAE: Quarantine does not pass the common sense test – the Government needs to listen to the travel and tourism industry By Hamish Mcrae For The Mail On Sunday Published: 22:32 BST, 6 June 2020 | Updated: 22:32 BST, 6 June 2020 Please, please, please can we have some common sense about travel. We … Read more
HAMISH MCRAE: Despite coronavirus pandemic, well-run enterprises in solidly-growing sectors will continue to prosper By Hamish Mcrae, Financial Mail On Sunday Published: 21:58 BST, 30 May 2020 | Updated: 21:58 BST, 30 May 2020 The world is slowly scrambling back to work. The sad story of the deaths from Covid-19 continues. The debate as to … Read more
We learned two things last week about the impact of Covid-19 on the nation’s finances. One was that the increase in the national debt is likely to be larger than even the pessimists expected. The other was that it will mostly be savers who will have to take on the burden of paying it off. … Read more