Today, The Made in Wycombe Exhibition opened to the public at the Arts 4 Every 1 Centre on Desborough Road. This is a new venture to promote the brands, products and services produced in Wycombe District. Wycombe hosts furniture, food and drink, software, engineering, design, arts, education and other firms and […]
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Comment on business today: see also www.ambrielconsulting.com
The rail fares and ticketing review – closes 28 Jun 2012
Via Rail fares and ticketing review – Consultations – Department for Transport: The Government’s goal for rail fares and ticketing is to allow more passengers to travel and to have a better experience of rail, at the same time as reducing rail industry costs. This consultation is designed to gather […]
Read MoreRail: did we win the Cold War then suffer a Communist takeover?
I had a series of exchanges recently at the Transport Committee on the subject of rail regulation which illustrated how far economic regulation has drifted from economic reality. The transcript is here. The Chief Executive of Network Rail appears not to appreciate the role of price and freedom to contract, […]
Read MoreMade in Wycombe, 5-12 May
Made in Wycombe is a new venture to promote the brands, products and services produced in Wycombe District. Wycombe hosts furniture, food and drink, software, engineering, design, arts, education and other firms and institutions. As it says on the website: Wycombe has a proud heritage in manufacturing, not just furniture […]
Read MoreBanking: from Goldman Sachs to David Fishwick?
Two days ago, Greg Smith, a Goldman Sachs executive director, resigned in sensational fashion, writing a column in the New York Times. In the article, he laid out the reasons for his resignation, citing the change in culture at the firm over the ten years he worked there. He wrote, […]
Read MoreBanks: gaming the rules to generate illusory profits
As I prepared an article on how banks generate illusory profits and artificial levels of capital by gaming the rules, I rediscovered this limerick in Gordon Kerr’s related paper, The Law of Opposites: There was a young man from Darjeeling Who got on a bus marked “To Ealing” The sign […]
Read MoreNew directory for small business finance
A new source of help for small and medium enterprises across the country was introduced yesterday when Treasury Minister Lord Sassoon launched a comprehensive on-line directory of finance companies providing alternatives to conventional bank loans or overdrafts. Businesses may need finance for a variety of reasons, including short-term cash flow or working […]
Read MoreSpeech on the Financial Institutions (Reform) Bill
I was delighted today that my ten-minute rule Bill was introduced without opposition. This late in the Parliament, the Bill itself is extremely unlikely to make further progress but I was glad to put the following on the record (these are my notes – Hansard is here: Mr Speaker, I […]
Read MoreFinancial Institutions (Reform) Bill – Other measures
In previous articles, I set out why it’s necessary to address risk-taking incentives in banks and how losses would be covered from the bonus pool and director’s personal bonds before hitting equity. This article sets out other necessary provisions. 5. Accounting standards 5.1 For the purposes of the Bill, all […]
Read MoreFinancial Institutions (Reform) Bill – Use of personal bonds and bonus pool to make good bank losses
Yesterday, I began to set out how my proposed Financial Institutions (Reform) Bill would meet the need for a vibrant, reliable and robust banking system by adjusting bank directors’ and employees’ exposure to commercial risk. That article described changes to bank directors’ liability and the treatment of bonuses. This article […]
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![😡 A wise building site carpenter once said to me,
🗣️”A Labour government is the worst kind of government for the working man [and woman].”
🇬🇧 True then. True today. We battle on.](https://www.stevebaker.info/wp-content/uploads/2024/05/442413775_18432903037051538_3387178564604183858_n-320x320.jpg)
![😡 A wise building site carpenter once said to me,
🗣️”A Labour government is the worst kind of government for the working man [and woman].”
🇬🇧 True then. True today. We battle on.](https://www.stevebaker.info/wp-content/uploads/2024/05/442413775_18432903037051538_3387178564604183858_n.jpg)
