Take it back now: How Labour would nationalise energy

Recent years have provided respite for those who thought Down’s median voter theory – that democratically elected parties converge towards the centre – was fine and good but basically quite boring. On the left, the Labour Party has shifted its position on fundamental issues like the role of the state in the economy. As weRead more

Considering a Corbyn Government

A WA series on the Labour Party, and what a Labour government could mean for UK investment activity. With aggressive signals that a Labour government would “intervene to prevent hostile takeovers” through a broadened public interest test, scrap PFI and nationalise existing contracts, and reform taxation to treat carried interest as income rather than capitalRead more

Forever in your debt

The bitter Phil 1.4 per cent in 2018, 1.3 in 2019, and 1.3 again for 2020. The uninspiring growth forecasts announced by the Chancellor at the Autumn Budget have left many pessimistic about the outlook for the economy, and the search for any markets showing signs of growth within the gloom even more acute. AndRead more

Justice denied? Legal aid reform is back on the agenda

There were some mixed views on the policies proposed at Labour Party conference a couple of months ago, but many in the legal profession have strongly supported the findings of the Labour-backed Bach Commission report, published by the Fabian Society last month. A two year long review led by former Labour justice minister Lord Bach,Read more

Cautiously carrying on

With Conservative Party conference over, focus returns to Westminster, and to Brexit. And UK business leaders are becoming increasingly concerned. Stanford and Nottingham universities have teamed up over the past year, with the help of the Bank of England, to track the views of 2,500 chief executives and chief financial officers towards Brexit negotiations. TheyRead more

PF Why? Analysing Labour’s PFI announcement

What has been said? One of the most eye-catching announcements of the Labour conference was on Private Finance Initiatives (PFIs), made by Shadow Chancellor John McDonnell, Jeremy Corbyn’s de facto second in command. He criticised PFIs as a “waste of taxpayer money” that subsidised the profits of “shareholders, often based in offshore tax havens”. NotRead more

Strong and stable? How to read the political environment: Presentation to the 2017 HealthInvestor conference

I was very pleased to address the 2017 HealthInvestor UK conference in London last week, on the subject of how to read the current political environment. Below is a copy of my remarks. There are a number of questions that I’ve been asked to share some thoughts on today, namely: Is political chaos the newRead more

WA Investor Services shortlisted for prestigious due diligence award

We’re delighted to announce WA Investor Services has been shortlisted for Specialist Adviser of the Year in Unquote’s 2017 British Private Equity Awards. The annual awards, hosted this year by sports pundit Chris Kamara, celebrate the contribution of private equity to the growth of British business. The past year has seen unprecedented levels of politicalRead more