The are a confused bunch over at The Economist. They have a feature this week that says things like: IT IS hard to exaggerate the
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Why no inflation?
The question of inflation is coming up time and again in the Labour leadership election. Yvette Cooper is certain that People’s Quantitative Easing will lead to
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The UK’s banks have massively overstated their profits
The FT has noted this morning that: New accounting rules could force Europe’s top banks to recognise an extra €61.5bn in loan losses, new analysis
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International accounting standards do not meet the requirements of UK law
The Times has reported this morning (paywall) that: The legal cornerstone underpinning the entire edifice of bank accounting is defective, according to a QC’s opinion that
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Richard Murphy
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