The FTSE100 entered an official bear market on Wednesday (20% under its most recent high), and then proceeded to spend Wednesday, Thursday (and Friday so far) recovering. Oil is back above $30/barrel, the yield on 10 year British treasury bonds is unchanged, and Sterling is appreciating against both Dollar and Euro.
An article in the Guardian on bosses' pay by the director of the High Pay Centre, Deborah Hargreaves, presents the disparity
An interest rate cut by China's central bank intensified the stock market's rally as the FTSE 100 Index fought back from
It seems that LGBT inclusion does not register as a priority to be communicated for most FTSE 100 companies. Perfunctory mentions of LGBT inclusion, unqualified by specific LGBT-focused inclusive activity, could suggest that many view LGBT diversity as merely a compliance issue, and are failing to pursue greater inclusion as a priority.
The rabbit out of the hat was the introduction of a national living wage, which will largely be paid for by the reduction in corporation tax, but the announcement of which led the FTSE 100 to pull back from its highs. All in all the budget can be seen as a very business orientated one which the markets have broadly welcomed.
With so many risks on the horizon, the euphoria of this result could fizzle out rather quickly.
With the manifestos out of the way and as we head towards the final stretch of the election campaigns culminating with the General Election, political deadlock remains in place. Neither of the two main parties have gained the upper hand with polls suggesting a very tight race to the finish line.
Now in all honesty, does anyone really feel that the fact more women will be refusing others maternity rights, helping the rich to evade tax, ignoring the fact that their child workers are being poisoned and flogging bad sports clothes made by sweatshop labourers, is going to get us any nearer to any sort of equality?
We need boards to change and thrive in a world which increasingly values diversity, different perspectives and a range of experiences. Boards need the best people and we should be beyond having to shout that this includes women.
The Chancellor has an opportunity to try and get the voting polls moving in his party's favour, but he won't want to be seen to be buying votes.