A trillion hallucinations for the UK Coalition government
UK
UK Treasury Committee vs BoE: power, accountability and the Labour legacy
Manchester gets the Meliá treatment
LONDON | CEO and Vice Chairman of Meliá Hotels International, Gabriel Escarrer signed an agreement for what will become the third hotel for the Majorca-based company in the UK: the Innside Manchester Hotel. Meliá Hotels International is the world’s largest resort hotel company and the largest hotel chain in Spain, and is third in the European ranking. The deal confirms its interest in the UK, “one of the most important markets…
Weekend link fest
A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions. The euro debt drama explained in 100 words It’s not the banker’s pay system, populace! EC’s Tajani: don’t worry Cameron will U-turn Former Santander banker, now Lloyds boss says no to bonus Manufacturing jobs rise…
Antonio Tajani: “London needs Europe for a healthy economy”
Britons embrace austerity
LONDON | More than one in two adults (56%) said they planned to cut back on their spending. Women were more prone to this than men (59% to 50%). More than one in three people (37%) wanted to try to save more money each month whilst 36% said a key resolution was to cut down their debts. The research showed an attitude-divide between the young and old with the under 35s top financial resolution focusing…
Santander UK would now have a word about those Vickers reforms
LONDON | Chancellor of the British Treasury George Osborne confirmed Monday afternoon what Vince Cable, the Business Secretary, had announce the day before on BBC’s Andrew Marr Show: that the Vickers report will be forced on to all banking institutions in the United Kingdom. “Our big banks were at the very centre of the financial crisis, what the Europeans call Anglo-Saxon financial capitalism. It needs reform.” The next weeks will be…
Weekend link fest
A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions: Has social media changed the financial industry? How Britain could leave the euro Why David Cameron’s UK deserves another chance in the EU Banks fear sovereign debt A document which every investor in the euro…
European warehousing investment concentrates in the UK
The market for warehouses over 5,000 square metres recorded a strong activity in Germany throughout 2011 and returned to growth in France and in the United Kingdom. The disparity between second hand and new premises is widening in most countries since demand is mainly turned towards high-grade premises. According to a BNP Paribas Real Estate research, even though the market has been vigorous during the past few quarters, supply levels…
BBVA’s president González: “The UK will accept the new EU measures”
MADRID | The president of BBVA, Francisco González, commented at a press conference in Seul during the inauguration of a new branch in the Korean capital, that the worst part of European debt crisis is already over. González’s statement did not go unnoticed in any of the Spanish economic newspapers. “Francisco González pointed out that there would be no problems in the implementation of measures agreed during the meeting of European leaders…