Introduction I keep getting comments from people who claim that my suggestion that banks do not use funds deposited with them to make loans is
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Rachel Reeves is said to face a £40–50 billion budget shortfall. One fair, simple solution? VAT on financial services. Right now, banks, wealth managers, pension
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No sooner had I finished my post on why the 2008 global financial crisis could happen all over again than I noticed this in the
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This is from the FT this morning: Almost three-quarters of HSBC’s Hong Kong commercial property loan book was flashing warning signs by the end of
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People say Rachel Reeves faces a £40bn “black hole” in the UK budget. She is hinting at tax rises — but that gap could be
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People say Rachel Reeves has a £40 billion black hole in her October budget. But that number is wrong — or at least, it’s wildly
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As The Guardian noted later yesterday: The UK has been left behind in the cryptocurrency boom and is in danger of missing a second wave
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This was a Guardian headline last night: Let’s ignore the detail here. Let’s stand back instead. First, banks thought they could enter into cosy deals
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As the FT has reported: The Federal Reserve has signalled that it could hold interest rates steady at least through September as it defies Donald
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