Jack Peat

Jack Peat

Jack is a business and economics journalist and the founder of The London Economic (TLE).

He has contributed articles to The Sunday Telegraph, BBC News and writes for The Big Issue on a weekly basis.

Jack read History at the University of Wales, Bangor and has a Masters in Journalism from the University of Newcastle-upon-Tyne.

The London Economic

Best Cities for a Pay Rise in 2016

Yorkshire powerhouse Leeds has been revealed as the best city for a payrise in 2016 according to new data. CV-Library stats show salaries grew by 4.7 per cent in Leeds last year, with its county neighbour Sheffield close by with growth of 4.2 per cent. London saw a 2.5 per...

In Pictures: The Biggest Fish Markets in the World

In Pictures: The Biggest Fish Markets in the World

A new year, a new record-high price for wholesalers in Japan. Around this time every year a big fat tuna sells for an astronomical price in Tokyo's behemoth fish market, bringing a year of prosperity to the buyer. For the fifth time in a row, this year's highest bidder was Kiyoshi Kimura,...

Zuckerberg Fires AI Butler after catching him on Facebook

Zuckerberg Fires AI Butler after catching him on Facebook

Mark Zuckerberg has fired his new artificial intelligence bot after finding him hidden in his pantry flicking through his Facebook feed. The AI was one of Mark’s big challenges for this year, but it appears he has been hoisted by his own petard after he discovered the robot looking at...

Stock Market

Stock Markets in Panic Mode

The stock markets have made a panicked start to 2016 with more than £34 billion wiped off the FTSE within an hour on the first day of trading in 2016. There were similar falls across other major European and Asian indices as concerns over China's slowdown hit again. Shanghai’s stock market had...

Floods would have left HS2 ‘Submerged’ in Leeds

A map released by the Environment Agency during the recent floods in Leeds highlighting 'severely affected' areas runs an almost identical course to the proposed HS2 route, raising questions about the feasibility of the multi-billion pound project. Phase 2 plans for the high speed railway follow parts of the Aire and...

Reasons to be Merry this Christmas: 2015 in Review

From the outset, 2015 shouldn't have been a momentous year. "Yet for many and varied reasons, most of them unpleasant", writes Martin Hannan in The Scotsman, "it will be remembered for decades to come". Looking through the TLE archives from 2015 the breaking news stories are a reminder of the testing...

Building the International Space Station

The International Space Station is an architectural feat and a cross-country collaboration like no other. Suspended approximately 400 kilometres above the Earth’s surface the habitable artificial satellite weighs almost 400 tonnes and required more than 40 missions to assemble. Space administrations from across the World joined to form the world's...

Waterloo Crowned UK’s Busiest Railway Station

London Waterloo has been crowned the UK's busiest railway station once again after the latest figures from the Office of Rail and Road (ORR) revealed 99 million passengers passed through the station in the past year. Nine out of the top ten spots went to stations in London, with the top...

George Clooney Pledges First £5 to Homeless Christmas Day Campaign

George Clooney has pledged the first £5 to a campaign run by Scottish not-for-profit sandwich shop Social Bite to feed thousands of homeless people on Christmas Day and throughout 2016. The Hollywood actor recorded a video message on a staff member’s iPhone pledging the first £5 and encouraging others to do the same....

The Dons Are Coming Home

AFC Wimbledon have been granted permission to return to Plough Lane in a landmark decision by the local council. The area was the home of Wimbledon FC until 1991 when the Taylor Report demanded all-seater stadiums for top-flight clubs, a decision which led to a groundshare with Crystal Palace and...

Public Trust in Business ‘Flat-Lining’

Public trust in business is flat-lining, according to Philippa Foster Back CBE from the Institute of Business Ethics. The latest survey from the IBE shows that corporate tax avoidance remains the top public concern about business behaviour for 2015. The study found that the public's general opinion about ethical business behaviour has...

Let’s Touch Base: The Office Lingo Plaguing UK Offices

If you're familiar with the glazed stare that spreads across your face when your manager asks you to "action" the "quick and dirty" by "EOP" then you may be one of the 70 per cent of workers who admit they completely switch off if their boss starts talking in business-speak. A new...

The Middle Class Decline

Winning the middle class vote has long been seen to be the key to winning a General Election, yet both politically and economically, that demographic is in decline. A new Pew Research study released today found the middle class in America, “after more than four decades of serving as the...

The McDonaldization of Business

A homogenization of business looks set to envelop our economy after new research by Reed Commercial found more than one in five Brits are more likely to choose a service or shop if it is part of a franchise. the research revealed 53 per cent of Brits now use franchises one to...

Grady Sisters Appear on London Underground

By Nathan Lee, TLE Correspondent  London commuters were given a scare this morning as two chilling Victorian sisters appeared dressed in period costume and wearing creepy doll masks. The sightings, at Charing Cross Tube Station, Oxford Street, Regent’s Street and Hamleys, prompted a big social reaction with commuters turning to social...

Investors: Expect the Unexpected in 2016

By Nathan Lee, TLE Correspondent  Investors have been warned to expect the unexpected in 2016 with several key events on the horizon that could significantly impact the market environment. The Multi-Asset Research team at Source, who look at the the likelihood of the unexpected happening in 2016, found the economic and market...

Milifandom Founder in new Social Media Outburst

By Nathan Lee, TLE Correspondent  Political activist Abby Tomlinson, famed for her online campaign 'Milifandom' in the last General Election, has caused another social stir after she claimed there's no love for Labour on the doorstep. After campaigning in Oldham, a traditional Labour heartland, she took to Twitter to say that Corbyn isn't doing...

John Bercow calls for a more Restrained Atmosphere During PMQ’s

By Jacob Flannery "We're not a group of Trappist Monks, It's not an Oxford union debating society, we will always have angry exchanges... but if you asked me for one suggestion for improvement in Prime Minister's Questions, I would say a more orderly and respectful atmosphere." John Bercow, Speaker of the...

Young Women Urged to Transfer Social Media Skills into Life Skills

By Nathan Lee, TLE Correspondent  Young women are being urged to transfer their social media skills into life skills by Barclays’ Lifeskills project, which aims to improve students' confidence and employability opportunities. A new survey has revealed that although young women have plenty of 'selfie-confidence' on social networks, that doesn't apply...

Castleford: Home of Beers from the Wood

By Jack Peat, Editor of The London Economic Real ale has been awaiting a wood renaissance for some time. Unlike wine, port, sherry and whisky the expressions in ale are not afforded the opportunity to develop once they enter the cask, and so they are only ever as good as...

Where Will Osborne’s Axe Fall Today?

By Callum Towler When the Tories claimed a surprise majority back in May, we knew debilitating cuts were inevitable. Today, in his Autumn Statement, we’ll find out exactly where George’s Osborne’s axe will fall. Conservative ideology involves a ruthless commitment to shrinking the state. Balancing this with ambitions of winning an...

Businesses should ‘take on Charities’ role’ to end Global Poverty by 2030

By Nathan Lee, TLE Correspondent  Charities could be irrelevant by 2030 if business leaders put global prosperity on a par with profit, according to eco-entrepreneur Arthur Kay. The 24-year-old founder of innovative green energy business bio-bean and recent Green Challenge and Guardian Sustainable Business Leader of the Year winner, will call on...

The Legacy of Thatcherite Economics

By James Clark The Thatcherite legacy has remained ingrained in the centre right consensus of mainstream political politics for decades. The Winter of Discontent hammered the final nail of stigma into the British Trade Union movement. Whilst a crisis of supply side inflationary pressure eat away at pay packets, strikes were...

Shoppers Avoid High Street on ‘Black and Blue’ Friday

 By Nathan Lee, TLE Correspondent  British shoppers say they will be avoiding the high street this Black Friday after the events of 2014 which led to police involvement in several major retailers. The research shows ‘Black and Blue Friday’ is now competing with boozy ‘Mad Friday’ as emergency services are...

Chris Reynolds Hits Back at CBI Chief’s ‘Business Dinner’ Comments

By Nathan Lee, TLE Correspondent Entrepreneur Chris Reynolds has ridiculed allegations from CBI chief Carolyn Fairbairn that business dinners are "not very inclusive" for women by releasing new figures that show one in ten people at his soirees are in fact female. The millionaire, dubbed Britain's answer to Dan Bilzerian,...

Obama and Putin – the Unlikeliest of Allies?

By Callum Towler  How different things could have been? If Ukraine had joined Nato in 2008, 2014 may have been the year an Obama-led coalition - acting under Article 5 of the North Atlantic Treaty - began gearing up for all out war against Russia following the illegal annexation of Crimea....

How the Banks Make Millions out of Thin Air

By Lee Carnihan  Who creates 97 per cent of the money in our economy?  If you said the government or the Bank of England you're wrong. It's not a trick question but there’s more to it than meets the eye. The answer depends on which money you're talking about. If...

2015 General Election: The Five Certainties

Government Plane a ‘Two Fingers’ to Doctors says PM

By Nathan Lee, TLE Correspondent  British Prime Minister David Cameron has revealed that the new government jet was purchased “just to piss junior doctors off”. The news broke after junior doctors voted overwhelmingly in favour of strike action due to ‘unsafe contracts’. Health Secretary Jeremy Hunt stated that the doctors'...

George is Missing a Trick

By Jack Peat, Editor of The London Economic  I loathe George Osborne with a passion I reserve only for the devil's disciples themselves (cite Boris Johnson, cite Boris Johnson, cite Boris Johnson). For six years he has removed the heart from the British economy, selling off the only profit making parts of the public sector...

Crossrail 2: The Where, When and How

By Nathan Lee, TLE Correspondent  The third public consultation for Crossrail 2 is under way with drop-in sessions on how the route will impact Londoners being held across the city. But what will the proposed line look like, when will it be completed and how do TfL envisage doing it? Where  The...

George Clooney visits Scottish Social Enterprise Sandwich Shop

By Nathan Lee, TLE Correspondent  Hollywood star George Clooney arrived in Scotland today and visited a social enterprise sandwich shop that trains, employs and feeds local homeless people. Staff at Social Bite, which gives 100 per cent of its profits to charity, recruits a quarter of its staff from homeless backgrounds, and...

Remembrance Day: It is Time for us to Listen to the Peace Makers

By Nicholas Figgis Attempts by government ministers and their friends in the press to use the Remembrance ceremony as a political tool reached farcical heights this weekend. The Telegraph called in the big guns, citing the opinion of etiquette expert, William Hanson, whose heavyweight contribution to world affairs includes advice...

An Insiders View of the Mad World of Advertising

By Callum Towler ‘Chess is as elaborate a waste of human intelligence as you can find outside an advertising agency’. In an industry practically choked with aphorisms, said by people who sell advert ideas and arrive at the conclusion that they’re some sort of omniscient sage, it took an outsider,...

Europe: In vs Out is Politics vs Economics

By Jack Peat, Editor of The London Economic  On Tuesday British Prime Minister David Cameron will deliver a warning to European leaders that he will consider banging the drum for the ‘out’ campaign in the run up to the referendum if his demands for reform are "met with a deaf...

Tax Credits Unravelling The Tory Brand

By Callum Towler  Tax Credits is that trojan horse moment of revelation, a party who infiltrated the heart of government claiming the best intentions, suddenly revealing its dark ideological core for all to see. If a political party’s brand is it’s core meaning, then rhetoric channelled through the media is...

Socialism is Not a Dirty Word

By Harry Bedford  Bernie Sanders, one of the candidates for the Democratic Party's 2016 presidential nomination, is already making great waves - gaining huge amounts of public and financial support for his left-wing policies. As well as connecting with his ideals, people find him engaging and inspiring - two essential...

Could this Factory in a Box Revolutionise Food Production?

By Nathan Lee, TLE Correspondent  The future of food production was on display at this year's Gulfood Manufacturing where the first “Factory in a Box” was unveiled on the opening day. Presented by United Food Technology (UFT), a specialist food technology and engineering company with offices in Germany and the UAE, the...

Energy: We Need to Own it

By Oliver Ward    Over the last three months, for the first time in history, Britain's renewable energy production surpassed its coal production. A monumental moment, the palpable demonstration of how far renewable energy has come in the UK and the changing attitudes towards our role as inhabitants on this planet....

The Voice of Growth Hacking

How did a once-anonymous Londoner become a successful speaker and content entrepreneur who helps other startups succeed? By Noy Shani One day in 2012 Vincent Dignan woke up after having a dream. The then-average man, far afield from any spotlight, had a vision to start an online magazine where the writers...

Animal Agriculture off the Agenda Again

Opinion from Jimmy Pierce Experts will soon gather in Paris for the annual UN Climate Change Conference to discuss how to cut carbon emissions and halt temperature rises, but the principal contributor is likely to be left off the agenda. Animal agriculture is the leading cause of deforestation, water consumption,...

The Century Of The Self – If Curtis Covered The Cameron Years

By Callum Towler  I recently re-watched Adam Curtis' seminal BBC documentary series 'The Century Of The Self'  - a provocative analysis of how Sigmund Freud's ideas about our irrational desires first spawned the PR industry in the 1920s, through his calculating nephew Edward Bernays, and later seeped into politics as a...

Is Social Media a Pyramid Scheme Enabler?

By Harry Bedford  We all have that friend on Facebook posting motivational quotes and discussing the great benefits of products they are selling, such as Herbalife weight loss milkshakes and Organo Gold coffee. On the face of it, they appear merely passionate about the products and feel a burning desire...

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