Archive for the 'Business' Category

George Osborne; The Economic Enforcer

For too many years, the Labour Government under the guidance of Gordon Brown ran the British economy at a deficit, using borrowed money to create jobs in the public sector as part of the the largest programme of gerrymandering ever undertaken;

Today, our new Chancellor, George Osborne, took the initiative and introduced the toughest Budget for nearly a century. He has rightly been dubbed ‘The Enforcer’ by the British press.

George Osborne delivers his first Budget

George Osborne delivers his first Budget flanked by Nick Clegg and Danny Alexander

Like many, I will be analysing the impact of the budget on my finances and those of my family, but what has struck me most so far is the image above…

A Conservative Chancellor delivering a budget consisting of many things that the Liberal Democrats opposed flanked by the two most senior Liberal Democrats; priceless!

Who said that there is never anything exciting in politics?! I wonder how they felt and how their party will react to their leadership supporting policies that they campaigned against just weeks ago.

Believe it or not, the Prime Minister was sitting behind George Osborne, curiously out of shot – perhaps conveniently?

I commend George Osborne and this brave budget. Well done, George – no longer ‘Boy George’ I think!

What have we done to our planet? We must learn from the BP Gulf Oil Spill disaster

As each day goes by, I get more and more concerned about the damage being caused by the BP oil spill in the Gulf of Mexico – the images of destruction that I see reported on the news are amongst the scariest things that I ever seen on the news.

Watch live streaming video from wkrg_oil_spill at livestream.com

Firstly, let’s not forget that 11 men lost their lives in the fire that led to this spill; whilst it is important to consider the economic impact on the USA and beyond, we have to remember that these men died just doing their jobs and the suffering of their families mustn’t be forgotten.

The Horizon off-shore drilling rig exploded on 20 April 2010 and over a month later, thousands of gallons of crude oil are pouring into the Gulf of Mexico with all attempts to stop the leak so far having failed.

This is the worst environmental disaster in American history, and possibly the worst’ in human history and leads to one question – when are we going to take seriously our need to eradicate our dependency on fossil fuels?

Satellite image of the BP Horizon oil spil in the Gulf of Mexico

Satellite image of the BP Horizon oil spil in the Gulf of Mexico

As long as we continue to extract oil from increasingly difficult to reach places, we will sustain the risk of major environmental catastrophes like this.

President Obama was right to ban new drilling around the American coast, but this is must be just the first step in what must be a concerted effort by governments around the world to encourage companies to invest seriously in alternative forms of energy.

Our current reliance on oil leads to inequality and conflict all around the world as we fight for control of dwindling supplies of ‘black gold’. Even without the inevitable ecological disasters that ensue, the continued exploration for oil generates a human cost that we must now consider unacceptable…

As the oil slick threatens hundreds of miles of US coastline, so it should threaten the continuation of oil exploration near human settlements.

It is time for us to get serious about looking at other forms of energy.

Interview with Computer Weekly, 18-24 May 2010

I was interviewed by Angelica Mari of Computer Weekly as part of their CW500 Club which is a group of the UK’s top CIOs, CTOs and IT Directors.

I talked about the challenges of managing an IT strategy and function in a dynamic, resource-constrained environment – something not unique to Comic Relief!

Computer Weekly Interview 18 May 2010

Click the picture to read an electronic copy of the full article at the Computer Weekly website.

Economic Eruptions?

I am writing this blog entry from the Chitorok restaurant in Kiev’s Borispol airport when I should actually be sitting in a meeting in the office back in London.

Why am I here? Volcanic ash, apparently…

YouTube Preview Image

Not for the first time in recent months, events in Iceland are having a ripple effect across Europe and beyond, allowing the country to punch above its weight.
Since last night, winds from the north-west have been carrying volcanic ash from Iceland towards Britain closing many of our airports – including, unfortunately enough for me, airports in London where I was due to arrive early this morning.

Three months ago, if someone had told me that they were pr

edicting that flights across Europe would be delayed due to volcanic ash from a dormant volcano in Iceland I would have laughed at them. The very suggestion would have been ludicrous; like something from a low-budget disaster film.

However, today,  not only is it a a reality, but experts warn that this phenomenon could be with us for some time to come as the last time this volcano erupted, it continued spewing magma and ash for over a year…

Eyjafjallajokull Volcano
The Eyjafjallajokull volcano in Iceland erupting in April 2010

Incidents like these serve to remind us of the power of nature and our relative weakness before it; despite all of our technology and our dependence on flying, there is nothing that we can do to stop or even to avoid the impact of this ash – planes simply have to stay on the ground.

Or do they?

Some observers, such as Sir Richard Branson, believe that the authorities are over-reacting and that they should not be in a position to close the airspace because of the ash, and insist that the airlines should make the choice for themselves and their passengers.

Sir Richard went as far as to describe the decision to close Manchester airspace as “once again beyond a joke”.

Virgin Atlantic jumbo jet in flight

Why is he so angry? At one level, I’m sure that I’m sure that like many good businesspeople he has a natural aversion to Government meddling, but the more serious issue here for the airlines is that of economics.

Every hour of closed airspace means hundreds of grounded flights – not only lost business for the airlines, but potentially huge compensation bills from the affected passengers.

If the worst-case scenario came to fruition and the volcanic ash became a feature of our weather system for another year, the regular closure of airspace across Europe would devastate an already weakened airline industry that is coming out of the worst recession in living memory.

These economic eruptions may be more than the industry can take.

This situation does call into question our reliance on air travel as a primary mode of transport; perhaps this disruption will give us pause for thought, allowing us to consider the alternatives which are often more cost-effective and less damaging to the environment.

I must declare and interest here; I fly more than most and rack-up about 15 return flights a year due to my various business and charitable activities – it is nothing short of hypocrisy for me to be suggesting that people should fly less, but we really must!

This volcanic activity may force us to – although the economic cost may be very, very high indeed.

Apple Sues Nokia, Claims Infringement – BusinessWeek

Apple Sues Nokia, Claims Infringement

Apple / Nokia Troubles

The maker of the iPhone says Nokia is wrongfully using 13 of its patents

via Apple Sues Nokia, Claims Infringement – BusinessWeek.

Wow – it looks like Apple and Nokia are really going to war. It’s a little sad that the battle for market domination has moved into the courtroom, but the outcome will be interesting.

I’m not sure that there is much in it for us consumers, but it will keep the lawyers happy!

Dutch car maker plans move to UK

Luxury car maker Spyker wants to move closer to its main parts supplier and chooses to relocate in Coventry

Spyker C8 Aileron

A luxury sports car maker based in the Netherlands has announced it is moving an assembly plant to Coventry.

Spyker Cars makes up to 50 luxury cars a year, mainly for the US market, with prices starting from about £180,000.

It said up to 45 out of 135 jobs would be at risk when it moved its assembly plant from Zeewolde in Holland to Whitley in Coventry by the end of 2009.

via BBC News – Dutch car maker plans move to UK.

This is fantastic news for Britain – it is good to see foreign companies deciding to make strategic investments here in the UK – especially in our ailing automotive industry.

There are many good reasons for Britain to become – once again – an international hub for manufacturing, perhaps reducing our reliance on the Financial Services sector.