Remainers admit that Labour’s economic growth plans are pie-in-the-sky

Labour’s plans for the economy

Labour’s plans for growing the UK economy have been highlighted as being based on fresh air by a group of prominent Remainers and Rejoiners:

https://www.theguardian.com/uk-news/article/2024/jun/22/starmer-growth-plan-doomed-access-eu-markets-economists

Their argument is that Labour’s plans for growth are unachievable without a shot-in-the-arm from somewhere. That we can agree on. They contend that rejoining the EU is this […]

Liability-Driven Investments crisis shows derivatives remain a systemic risk

Published on 17 December 2022

Introduction

At the end of September 2022 a number of UK companies’ pension plans reportedly came close to collapse. This was to do with a financial instrument called a Liability-Driven Investment or LDI, which is a form of derivative contract.

The explanations given for what occurred have ranged from ill-informed to denial to […]

‘Liability Driven Investment’ explained: the first bailout of the new Global Financial Crisis

Blog published on 2 November 2022

First published as an IREF online article on irefeurope.org

‘Liability Driven Investment’ or ‘LDI’ is both a nonsense and a truism, and is now a byword for a disaster in the UK financial system.

Here is what happened. UK pension funds became convinced that they would experience a shortfall of resources to […]