The FT reports this morning that: Chinese tech giants have paused plans to issue stablecoins in Hong Kong, after Beijing raised concerns about the rise
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What do you do when the target’s wrong?
As the Guardian noted yesterday: Bank of England rate-setter Catherine Mann has warned there is “very clear upside evidence” that UK inflation could remain above the central bank’s
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Britain’s housing market is a giant Ponzi scheme
Britain’s housing market has become a Ponzi scheme — built not on value, but on debt, illusion and exclusion. Successive governments have turned homes into
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The IMF is now saying it’s time to worry
Markets may look calm, but the foundations of global finance are anything but secure. Rising government debt, fragile non-bank financial intermediaries, and speculative assets like
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What if the UK admitted it uses MMT and turned that into its superpower?
What if the UK government admitted it already uses modern monetary theory? Would markets panic — or would we finally have the power to rebuild
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The Greens plan to abolish interest payments on central bank reserve accounts
As the FT reports this morning: The leader of the Green party has called for the Bank of England to stop paying interest on reserves
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Rachel Reeves is wrong about debt interest
At the Labour Party conference this morning, Rachel Reeves said: “There is nothing progressive, nothing Labour, about government using one in every £10 of public
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Would ID cards make life easier?
Keir Starmer has reopened the debate on national identity cards. Supporters say they could make public services, voting, and security simpler. Critics warn of surveillance,
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Banks can’t survive climate change
A massive banking collapse is coming — and the cause isn’t speculation this time. It’s climate change. Uninsurable homes mean worthless mortgages, and worthless mortgages
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