f governments fail to act in closing tax avoidance schemes and loopholes, there is a strong possibility that future profits resulting from lower taxes will simply end up in the pockets of senior managers in a tax haven, far out of reach of the British government and certainly not going towards helping the 1 million people who now rely on emergency food hand-outs. It is time for Labour to Act.
Picture the scene: a new bridge is built in London, and the public hate it. An architect comments that "it represents the vice of tawdriness and pretentiousness" and a local paper calls it London's "ugliest public work". What was this architectural monstrosity? None other than London landmark Tower Bridge...
I have always been fascinated by history because I believe that if we know the past then we better understand the present, prevent painful history to be repeated and eventually anticipate the future. For a diplomat, understanding and respecting the history and culture of the host country is a prerequisite for any correct professional judgement.
I believe it is vital that the tasks of setting rates and reliefs, and deciding how to spend them are devolved to local and regional levels of government. This would give people a democratic say in which types of businesses they want to encourage and how the receipts are spent, allowing them to witness the resultant effect in their own, and neighbouring, areas.
Four words essentially ended capitalism: Too big to fail. If that isn't fascism by its very definition, then clearly something big is missing. A model to look on and admire is Iceland - an economy that collapsed, arrested those responsible and now have a sound footing economically. That is what true capitalism is.
German chancellor Angela Merkel is being treated like political royalty, a consequence of her country's economic power as well as prime minister David Cameron's desperate need for friends in Europe. Few would argue about the position of Germany as the economic powerhouse of the European Union but what can Britain learn from the German economic model?
Sad news this week of two City bankers who committed suicide, both in the prime of their lives. We have all visited that dark place where we have contemplated whether life continues to be worth living. Just this week, a friend send me a plaintive message that read something like this: 'life, job, love, all suck'.