According to the FCA – the UK’s Financial Conduct Authority – mortgage stress in the UK is growing. New data that they have issued today
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Additions to the glossary
am aware that I said I wanted a day off yesterday, but I watched slow television on BBC4 last night and added a pile of
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Base money and central bank reserve accounts
I was hoping to spend a much time on the glossary this week as I did last, but a tsunami of other work has meant
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What is the Bank of England for if its plans for a digital currency are so incoherent?
I do not usually return to a theme the day after I have written about it, but having read John Cunliffe’s speech about digital banking
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The UK does not need a digital currency: the vanity of central bankers does
There is much discussion in the media today about the possibility that the Bank of England might create a digital currency for use in the
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If only the Institute for Economic Affairs understood accountancy
On Wednesday the Telegraph posted an article by Neil Record, who happens to be the Chair of the notorious Institute for Economic Affairs. The headlines
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Why the NIESR is wrong on interest payments on central bank reserve accounts
I have had a number of people draw my attention to an article by the National Institute for Economic and Social Research (NIESR) in which
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Spending cuts will be £27 billion next year – which is the additional unnecessary sum the government is planning to pay in interest to the UK’s banks next year
Forgive me if what follows is a little technical. It relates to an issue of massively important concern, which is the amount of interest that
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Inflation data suggests that the Bank of England should be doing precisely nothing with interest rates at his moment
A new article on Bank Underground, which publishes staff papers written by personnel working at the Bank of England, is interesting. Written by Galina Potjagailo,
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Richard Murphy
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