UK: Global Counsel team members Rishi Patel, Matthew Duhan and Adam Terry discuss the prospects for a Labour government, and what it could mean for businesses and investors, particularly in the energy and financial services sectors.
With British prime minister, Theresa May, stating that the Brexit talks are in their endgame, it is worth looking ahead at where the risks for the government will be most acute in the process required to ratify an agreement under the Article 50 framework.
That probably got your attention. It certainly got enough attention to ensure that the editor of Waitrose’s food magazine, William Sitwell, had to stand down after he joked that "killing vegans, one by one" was preferable to publishing a feature on plant based recipes. The story broke on World Vegan Day: talk about bad timing.
Election season has begun in Indonesia. Presidential and parliamentary elections will be held simultaneously on April 17th, 2019, where approximately 187m Indonesians (out of approximately 265m) will be eligible to vote. The presidential election will be a repeat of the contest in 2014 between former general Prabowo Subianto and incumbent president, Joko Widodo, who is running for a second term. As campaigning for the presidential election intensifies in the next couple of months, there are three things to watch.
For a very powerful head of a huge and centrally controlled nation, President Xi Jinping of China has a remarkably relaxed air about him. He exudes composure, in public at least.
WORLD: Global Counsel Senior Director Stephen Adams is joined by Oliver von Landsberg-Sadie, Founder & CEO of BCB Group, Oliver Tonkin, Co-Founder and Adviser of BCB Group, to discuss the regulation of crypto-assets.
UK: Global Counsel Chairman Peter Mandelson interviews a special guest - Director of the London School of Economics, former Deputy Governor of the Bank of England, Dame Minouche Shafik - on the topic of trust in institutions, economics and labour market.
The Democratic Unionist Party has threatened to vote down the budget if it does not like what the UK government proposes for the Irish backstop in the Brexit negotiation. The response from Downing Street has been partly bluster – claiming that under the terms of the Fixed-term Parliaments Act, voting down a budget won’t cause the government to fall – and partly to call the DUP’s bluff, based on the belief that the DUP has more to fear from a Labour government under Jeremy Corbyn than anyone else.
On Monday, the International Panel on Climate Change released its most important report in recent years: the prosaically titled Summary for Policymakers of the Special Report on Global Warming of 1.5°C. The good news is that the report’s authors conclude that limiting warming to 1.5°C is still technically possible. Otherwise, the news is mostly bad. The report outlines both how urgently and how radically policymakers would need to act to meet the 1.5°C target. Time is running out, so why is climate change struggling to get a hearing? There is a plethora of reasons, but an age of populism is arguably bringing three to the fore: problems of association, communication and prescription.
At the governing UK Conservative party’s conference this week, parliamentary undersecretary of state, Therese Coffey, promised a ‘radical’ Waste and Resources Strategy by the end of 2018. A series of government enquiries this year have underscored widespread support for more hard-nosed policies. The EU’s circular economy package recycling targets and China’s hardening line on waste imports are also pressuring policymakers to move. So, what should businesses expect?