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Hutton, Will
Formerly editor of the Observer, Will Hutton is Chief Executive of the Industrial Society. From 1990 to 1996 he had been economics editor of the Guardian. A former stockbroker, Will Hutton spent ten years with the BBC and from 1983 to 1988 was economics correspondent for BBC 2's 'Newsnight'.
4 articles of this author have been cited in the European Press Review so far.
European elections: Will Hutton on a possible British exit from the EU
The British writer and columnist Will Hutton writes in the Sunday paper The Observer on the significance of the European elections, and wonders if it wouldn't be better for Britain to leave the EU: "Along with the BNP, the opinion polls suggest that more than 50 percent of the vote will go to anti-EU parties. I'm not sure the British know the consequence of their vote, but a dynamic is in train that will lead to our exit from the EU. As a pro-European, I don't want this to happen, but I've begun to wonder whether it wouldn't be better for Europe. Only living outside the EU as the sceptics want - creating a politically diminished Britain fit for hedge funds, tax-avoiders and asset-strippers - is likely to convince the British majority that the option is a disaster. Meanwhile, the Europeans can deepen the EU, along the way empowering the European Parliament. When a Tory government leads an impoverished, embittered Britain back into the EU in 25 years' time, reality will have imposed political maturity. And elections for the European Parliament will be much more serious."
» full article (external link, English)
More from the press review on the subject » EU Policy, » Elections, » United Kingdom, » Europe
Britain needs the euro
Columnist Will Hutton argues in The Guardian that only the euro can save the UK from financial crisis: "International investors will single out Britain's banks as the weakest in the international system with only a medium-sized country behind them. Britain will need its own Paulson plan to respond, but has not got the financial firepower. ... [Opposition leader David] Cameron and [Prime Minister Gordon] Brown are united in saying they will do what is needed and not allow political differences to get in the way of financial stability. Good, but do either realise what may be needed in a worst case? The only viable British Paulson plan - bar a £500bn-plus international loan - may require us to join the euro to win the support of the whole of the European economy and European Central Bank as part of a pan-EU initiative to create 'good banks' for Europe."
» full article (external link, English)
More from the press review on the subject » Economic Policy, » Financial Markets, » United Kingdom, » Europe
Panic hits Britsh bank Northern Rock
"Last week, Northern Rock, Britain's fifth biggest mortgage lender and the former darling of the financial markets, was forced to turn to the Bank of England for cash because no City lender would support it for fear the company was about to go bust. When the announcement broke overnight on Thursday [September 13th], ordinary savers followed the City's lead - jamming the company's switchboard and queuing outside branches to take as much as £1bn out in a day", notes the columnist Will Hutton. "This is a full-blown run on a bank, something we have not seen on such a scale since the 19th century, and a measure of the depth of mismanagement, non-regulation and structural dysfunctionality of today's financial system. ... Proud finance has insisted it needs no regulation, that it can be trusted to deploy the nations' savings with care. The trust has been abused."
» full article (external link, English)
More from the press review on the subject » Trade, » Consumers, » United Kingdom
The future of Web 2.0
The journalist Will Hutton includes Web 2.0 in his list of five ideas that he believes have moved humanity forward in 2006. "A new architecture is emerging, which allows people to connect with each other in revolutionary ways. Hence blogging or YouTube, where users post and exchange videos they have taken themselves. The mushrooming of participative and enabling sites such as MySpace, Wikipedia, Skype, Flickr, Facebook, Second Life and so on are all part of the same trend.This is but the precursor of Web 3.0, when the architecture will become yet more sophisticated. Search engines will no longer list data; they will answer your questions. Web 3.0 will mean that the web becomes a permanent part of our consciousness, conversation and cognition. Ultimately, a chip in our brain will connect us in real time to the entire web, adding immeasurably to the power of memory."
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More from the press review on the subject » Online media, » Global
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