He said he had not benefited from his wrongdoing as the sum he had stolen from JC Flowers was less than the bonus, or profit share, he had forfeited when he was sacked. Didn’t work but interesting argument all the same.

At the ASI. CSR increases profits: which is why profit maximising companies do some of it. Just perhaps not quite as much as the campaigners think they should, for that level of it isn’t profit maximising.

Paul Blomfield MP has welcomed reports that the Government has axed plans to give for-profit private companies a greater role in UK higher education. The Government's proposed legislation would have opened the door for private companies, including hedge funds and big American education companies, to set up new universities and access taxpayer funding. The Sheffield Central Labour MP has warne...

Whilst the Tory led coalition government are serving the NHS on a platter to the private health care industry, and taking a hatchet to the welfare state, they are also channelling ever greater sums of money to the corporations which dominate the retail trade.  Some of the most 'successful' UK businesses in this field have the tax payer to thank for their profit m...

The news that for-profit abortion providers are soon to be allowed to advertise on television suggests there is something very wrong with our society. Abortion may well at times be the least worst option. But even those of us who accept this should feel deeply uncomfortable with it being actively promoted on television. The fact that these providers want to advertise on television is revealing of ...

The news that for-profit abortion providers are soon to be allowed to advertise on television suggests there is something very wrong with our society. Abortion may well at times be the least worst option. But even those of us who accept this should feel deeply uncomfortable with it being actively promoted on television. The fact that these providers want to advertise on television is revealing of ...

Capitalism is only concerned with growth and making profit, not responsibility, the Marxist historian Eric Hobsbawm tells Newsnight's Jeremy Paxman.

Or buying a cup of tea at a motorway service station. (Unit price, what? Maybe 2p? Sale price? £2.75. I’m a rubbish capitalist and can’t do the sums but isn’t that something like about 20,000% profit?) No, that’s not profit, no. There’s this little thing called “overheads” that have to be paid. You know, trivial

David Laws is interviewed in the current issue of Attain, a magazine focussed on the independent schools’ sector, where he has the following to say on the issue of whether free schools should be permitted to make profits: I think it is important that the people who come in and deliver the education should be

Far from damaging US airlines, the EU’s Emissions Trading Scheme (ETS) could deliver it a €2 billion windfall profit, according to a new report by a US Federal Aviation Administration-funded group of academics. More »