Earlier this month Londoners voted in Sadiq Khan as mayor. The Labour candidate won 59 per cent of the vote and in so doing became the first Muslim mayor of a major European capital. But beyond the top-line figures, what do we know about how the election was won, and who voted for whom?
To answer these questions, we downloaded 140 datasets from the 2011 census, describing the demographic and socioeconomic composition of each of London’s 570 electoral wards: the same units over which the mayoral election vote was tallied. Read more
Leicester were bottom of the Premier League on April 10 2015, but a year later had climbed to the top, winning 91 points along the way. No team beginning at the foot of the top flight has ever won that many points* over the subsequent year since English league football began Read more
This week the European Commission let Italy off the hook, granting the country extra flexibility – to the tune of 14 billion euros – in its debt reduction targets for 2016.
The extra “flexibility” includes allowances for investments (0.25 per cent of GDP), for the refugees crisis (0.04 per cent of GDP) and for extra security measures (0.06 per cent of GDP). In return the Commission wants a ‘clear and credible commitment’ from Italy that the country will respect its budget targets in 2017. Read more
Last year things were looking up in Italy. Employment, a sore subject after the international crisis, was growing and the unemployment rate began to fall in 2015 .
But in the last few months this progress flattened. What’s happened? Read more
As the world faces a slowdown in economic growth, we look at what is happening in France and it’s not looking good.
France is one of the worst performing economies in Europe Read more
Some 77 per cent of the population in Northern Ireland reports high or very high happiness levels, 4 percentage points higher than the national average. A smaller proportion is happy in London and the north of England
PSG are so far ahead of their domestic rivals that manager Laurent Blanc has been able to field weakened sides ahead of big Champions League matches at a rate unmatched by any other quarter-finalist, ensuring that his strongest side has been as well-rested as possible. Read more
England’s Premier League is enjoying one of its most competitive seasons for years, but at the same time the league is without a club in Europe’s top 10 for the first time in 20 years.
The interplay between competitive balance and outright quality of football is a complex one, and depending on who you talk to, different levels of importance are placed on each when it comes to talk of which league is the best. Read more
If the UK were to leave the European Union, it will mean that it will also be outside the Capital Markets Union (CMU), when completed. The CMU is a set of measures designed to clear obstacles between companies and potential investors. The idea – in the words of the European Commission that created it – is “to mobilise capital and channel it to all companies, including SMEs, and infrastructure projects that need it to expand and create jobs”.
The EU economy is slightly bigger than that of the US, but its capital market is very different. Its equity market is about half the size of that of the US and its securitisation market is less than a quarter of the US. Read more
The value of cross border merger and acquisition deals in Italy reached a new high in 2015 at over $50bn. Italian companies were the most targeted by foreign acquisitions in the European Union after the UK, along with France. Read more
Wealth disparities within EU countries were narrowing prior to the 2008 crisis, but since then the poorer regions have stopped catching up with the wealthiest ones.
“European countries converge at national level, but at the cost of a rising divergence within the countries” explain Joaquim Oliveira Head of the OECD Regional Development Policy Division in an interview with the FT. Read more
About two in three women aged 25 to 64 years old are in employment in the European Union, the highest proportion since the data series began 23 years ago. However, the EU average conceals considerable variation between regions.
The Premier League could lose its fourth Champions League berth within two years, and things will only get more difficult the year after that.
England’s top flight will be given four places in Europe’s elite club tournament next season whatever happens, but the different leagues’ rankings in Uefa’s member association coefficient rankings as they stand at the end of the current season will determine the number of berths each receives in the 2017-18 tournament. Read more
The Chinese Super League has cropped up in football conversations for several years now, but until recently it was in the context of it being one of the sport’s so called ‘retirement homes’: lesser leagues, where prominent Europe-based players only go for a final bulging pay packet and a relatively easy ride. This winter, that all changed, as several genuine global stars — many still in their prime — arrived on big money deals from major European clubs Read more
In the next four months Britain will be inundated with opinion polls. As the Leave and Remain camps gear up for Britain’s first referendum on its relationship with Europe for four decades, the stakes are high.
But this time last year the nation also pored over an array of polls during the general election campaign, and yet those polls proved unreliable.
How should a cautious FT reader know what to make of polling about the EU referendum? Here are five points to bear in mind …
John McDonnell, the shadow chancellor, gave a speech last week lamenting that the liberalising policies adopted by the Thatcher government in the 1980s never led to widespread share ownership:
The Tories promised a “shareholding democracy” would arrive through privatisation. A “trickle-down effect” would mean that, even if the rich got very rich indeed, everyone else would be a little better off.
But the promises of freedom and “popular capitalism” turned out to be illusory.
Today, share ownership by individuals is at the close to the lowest level ever recorded. Just 12 per cent of shares are owned by individuals in the UK, down from 28 per cent in 1982, and pension funds own only 3 per cent.
It would be fair to call these figures misleading and point out that people can own shares through insurance companies or they might have a stake in other kinds of funds as well as their pension. So if between them individuals and pension funds own just 15 per cent of shares who owns the rest? Read more
The January transfer window is upon us, and with several major clubs across the continent enduring tumultuous seasons, there are likely to be some fairly high profile comings and goings.
Every season billions of pounds change hands in the two periods where deals can take place across the globe, but despite the amount of the sports media’s attention devoted to the transfer market, evidence suggests there remains a surprising amount of uncertainty over what the fees involved actually are. Read more