The Bank of England vs the banks of England

On 28 September, economists at the US central bank published some important research. It concluded that imposing negative interest rates is a bad idea. Sure…

No honour amongst trade negotiators

Let me ask you something. If a pickpocket steals your wallet, but gives you some of the money back, how would you feel about it?…

Why inflation would be worse than the 70s

If you don’t remember the inflation of the 70s, you’ll have heard about it. Shortages. Rationing. Strikes. Prices surging out of control. And then interest…