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The Boy from Baghdad: My Journey from Waziriyah to Westminster
‘Very few people in parliament can match Nadhim’s childhood experience, his understanding of international affairs, his skills as a businessman and his passion for politics’ Rory Stewart 'From Baghdad to number 11 Downing Street: in any other country it would be fiction. You have to read it to believe it’ Jeffrey Archer
Masters of Nothing
This is a book about how we behave. Not how we think we behave, or how wed like to behave, but how we really do. Its a story of how a collective failure of perception helped cause one of the biggest crises in the history of capitalism; of the extraordinary extremes we witnessed from the so-called Masters of the Universe - their greed, recklessness, and irrationality; and of how the crisis will happen again unless we understand that economic conditions may change but human nature does not. Released to widespread acclaim in the UK in 2011 and now updated for the USA, Masters of Nothing is an important contribution to the ongoing debate about how we fix the relationship between big finance and the real economy.
Masters of Nothing
Behaviour is important. Whether this be the behaviour of those who saw it coming, or of those who constantly berated them. The behaviour of those who rode the boom and switched at the tipping point to ride the bust, or the behaviour of those who held on to their principled as the system collapsed around them. It was human behaviour after all, that led us to construct a bubble nobody suspected was dangerous, yet nonetheless would burst with disastrous consequences. Contrary to the views of many before the crash the cycle is inevitable - you cannot eliminate boom and bust. In a boom the bullish are promoted whilst the cautious are overlooked, reinforcing the cycle. This factor is generally ignored by the beautiful but flawed models of economic analysts. Since we cannot abolish the cycle, we must ensure that busts are not so dangerous in the future. The policy solutions are there if we're brave enough, from changing incentives, and creating fiscal and financial regulators with clout and discretion, through to changing corporate governance and shifting the power of executives.
The new Local Enterprise Partnerships
This report indicates broad support for the creation of Local Enterprise Partnerships as a way of addressing local growth. In particular the potential of LEPs to offer a greater focus on local economic needs, and build on the affinity between business, local government and other partners at a local level is recognised. Whilst it is right that LEPs should compete at certain levels it is equally important for them to collaborate, particularly with the Regional Development Agencies, where it makes economic sense. Local Enterprise Partnerships are being introduced quickly and at a time of greatly constrained public funding. There is concern that in the short term LEPs will need know how and powers and in some cases financial resources to make a positive difference. Government will need to be willing to devolve power to LEPs and in certain cases be willing to support LEPs at inception. If LEPs are to be a success, the Department's transition team will need to focus in three areas: retain RDA know-how, realising the full potential of RDA assets, and leveraging potential EU funding
House of Commons - Business, Innovation and Skills Committee: Payday Loans - HC 789
The rapid expansion of the payday loan sector has been accompanied by a significant increase in the number of people experiencing serious debt problems which suggests people should think carefully before taking out such loans. Furthermore the number of payday loan adverts seen by 4-15 year olds has increased from 3 million in 2008 to 596 million in 2012. The Committee's recommendations include: all payday loan companies should be required to resubmit their affordability tests to the FCA for approval before they can continue in the sector and the FCA should make clear that if real-time data sharing has not been established by July 2014 it will mandate its use as a condition of trading in the ...
Rebalancing the economy
Additional written evidence is contained in volume 3, available on the Committee website at www.parliament.uk/bis
The Hargreaves Review of Intellectual Property
The Business Innovation and Skills Committee publishes a report - "The Hargreaves Review of Intellectual Property: where next?" - as part of its inquiry into the Hargreaves Review of Intellectual Property and Growth. The Committee believes further work remains to be done in analysing whether the economic benefits of a parody exception would be as extensive as claimed. However, other grounds may yet support a change to the law by extending what is legally permissible. which would probably help improve public respect for copyright law in general. On content mining, the Committee agrees that the ability to read published scientific data automatically is useful and needs to be opened up. On the ...
The Insolvency Service
The Business, Innovation and Skills Committee has today published a report containing a number of conclusions and recommendations resulting from its inquiry into the Insolvency Service, including: (i) without an increase in resources the investigations unit will be unable to increase the number of cases it can prosecute which will further undermine stakeholder confidence; (ii) there is a risk that further reductions in annual running costs and staff may put undue pressure on the Insolvency Service to deliver; (iii) it is clear from the evidence that the fee-generated income model for the Official Receiver Service is unreliable in the current economic climate (iv) issues remain with pre-pack ...
The New Snobbery
"Timely, insightful and impassioned." – Tim Shipman "David Skelton is, once again, excellent ... This brilliant book is essential reading." – Nick Timothy "One of our most prescient and empathetic social and political writers. Highly recommended." – Jason Cowley "Skelton gets it ... A timely must-read which speaks to head and heart." – Penny Mordaunt MP "Vital ... Skelton makes a compelling case." – Jon Cruddas MP *** An insidious snobbery has taken root in parts of progressive Britain. Working-class voters have flexed their political muscles and helped to change the direction of the country, but in doing so they have been met with disdain and even abuse from elites in politics, cu...
Is Kraft working for Cadbury
In this report, Is Kraft working for Cadbury? (HC 871), the Business, Innovation and Skills Committee considers undertakings given by Kraft to the Committee in the previous parliament on manufacturing and job retention. The Committee is particularly concerned about a number of regrettable job losses at Cadbury headquarters in the months following the acquisition, and about transfer of management functions away from the UK. After evidence from Kraft, the Committee was encouraged to hear of Kraft's recent recruitment into research at Cadbury and its investment in Cadbury manufacturing in this country. Particularly welcome were the commitment to extending Kraft's international research activiti...
