As some readers of this column will know, I write a weekly column for The National newspaper in Scotland. In yesterday’s column, I tackled the
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An increase in interest rates would be an act of class warfare
The Bank of England is sending out signals, again, that it is expecting to increase bank interest rates soon. The current official interest rate is,
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The vain futility of financiers
Bankers like to think that they are the masters of the universe. Central bankers are the worst kind of bankers in this regard. The actions
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£4 of the weekly cut in Universal Credit is going to be given in tax cuts to the UK’s banks
As the FT notes this morning: Rishi Sunak will slash a tax surcharge on bank profits by more than 60 per cent in next week’s
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The threat from crypto
I am sharing this blog from the IMF, simply because I think it really important: Crypto Boom Poses New Challenges to Financial Stability By Dimitris Drakopoulos, Fabio
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The opponents of MMT really have got to do better than the Banque de France do if they are to counter its arguments
The Banque de France has issued a working paper on modern monetary theory (MMT). In the introduction to it they say: In the last few
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It’s tax cut and big bonus time for the City of London
As the FT has noted this morning: John Glen, City minister, has vowed that Britain’s financial services sector will enjoy “competitive tax rates” as he
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Positive Money and the Bank of England are completely wrong to support the idea of a central bank digital currency for the UK
Positive Money has made an appeal asking that people support the idea of a Bank of England central bank digital currency (CBDC) in the UK.
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The new chief economist at the Bank of England is setting us on a route for recession
I posted this on Twitter yesterday afternoon: My reasoning was straightforward. We have a new chief economist at the Bank of England, who will serve
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