Government-backed small business loans may have kept many small businesses going in the last year, but they’ve also been great news for the UK’s banks, who
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How to find £50 billion
This post began life as a Twitter thread. It builds on a post made here, yesterday. Some added charts and links have been included. —–
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The Bank of England balance sheet
There are moments when it is wise to think a reconsideration is appropriate. My suggestion for perpetual debt did not go down well yesterday. But
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Where has all the money gone?
Do you remember that very poor joke from Liam Byrne about the UK having run out of money? It cost Labour dear. But now the
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Does Scotland needs its own central bank after independence?
The discussion that was organised by the Scottish Currency Group that addressed this issue last Sunday has now been issued as a YouTube video: Those
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How to solve the long term interest issue
There is concern that bank base rate increases will impact the cost of central bank reserve accounts which have effectively replaced around £800 billion of
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Trying to run Scotland without its own currency would be like a person trying to be a carpenter without having a saw
I took part in a debate on the need for a Scottish Central Reserve Bank yesterday. This was run as a parallel event to the
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QE and funding the Green New Deal
The post that follows started, as a number now do, as a Twitter thread. That’s because their reach is much bigger than this blog. Some
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The national debt: an ongoing saga
Regular readers will recall that in August I raised concern when the UK Office for National Statistics claimed that simultaneously UK national debt had exceeded
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