A major change in the financial management of the UK is needed. The current upsurge in inflation may have been triggered by energy prices, but the seedbed for it has been in the creation since the Global Financial Crisis (GFC) of 2007/8. Policy formulation has receded into a […]
IREF headline
The press releases following the meeting of the ECB Governing Council (GC) on Thursday 22 July 2022 are masterpieces of uninformation in which the ECB attempts to gaslight its stakeholders, making them question their own perception of reality. It is ironic that the ECB […]
Red alerts are flashing all over the Whitehall radar screen. The Prime Minister has been deposed and the country is leaderless for the summer. Living standards are plummeting under the impact of soaring inflation. Russia’s savagery tortures Ukraine and threatens our security.
It is easy to take […]
[as published on www.brexit-watch.org on 13 July 2022 under the above headline and photograph, a Photo of Anak Krakatau by arief adhari/EyeEm from Adobe Stock]
BREXIT HAS BEEN largely botched so far, as has so much else by the present government. Remainers, several now emanating from their mausolea, claim that prices would be lower and […]
Boris Johnson and Michael Gove stole our horse. They forced themselves into the leadership positions in the Leave campaign as a means to power for themselves. They decided the issues that the Leave campaign would fight on. In doing that – and mainly by conflating Brexit with the […]
I was delighted to read the article (more like a dissertation) called ‘The Great Game Will Never End: Why the Global Financial Crisis Is Bound to Be Repeated’ which was published in the Journal of Risk and Financial Management and written by my good friend Professor David Blake of the Finance Faculty, Bayes Business School, […]
Germany has been resistant to many measures of the European Central Bank, not least the size of its bond-buying programmes and its latest ‘Transmission Protection Mechanism’ approved at the main meeting of July 2022. The aim of the ‘TPM’ is to avoid ‘fragmentation’, meaning the yields on the bonds issued by some Eurozone member states […]
Two countries are currently in the European Exchange Rate Mechanism II – Bulgaria and Croatia. ERM II is the Euro waiting room. Croatia has now passed the tests to get on the plane – but should it pause and apply some tests to the Euro itself?
We recently ran some tests on the situation of its […]
I had the top ‘Reader’s Letter’ published by the Daily Telegraph on 9 June 2022, occasioned by an email to all Tory party members by the Supreme Leader, telling us all the things that weren’t in the 2019 Manifesto that were now going to happen, and avoiding mention of everything in that manifesto that was […]
The Queen’s Speech, delivered on 10 May 2022, promises legal protection for access to physical cash. The protection is to be afforded in a new Financial Services and Markets Bill (the ‘Bill’). One might be forgiven for believing that this will ensure economically viable and convenient […]