Category Archives: UK

Why the Government Bonds Owned by the Bank of England Are Not a Debt Burden, Even When They’re Repaid

A short discussion of government bonds and what happens when a central bank holds them.

SoftBank-Funded Fintech Upstart Greensill Crashes, Carnage Ensues

Supply chain finance disuptor Greensill is undone by its own financial wizardry, putting at risk thousands of jobs in the UK, Australia and the EU. The timing could not be worse for already buckling supply chains.

Pointless Pain Is What We’re Enduring. And All for the Sake of Accepting That Money is Not a Constraint on Our Potential, and Never Will Be

Defitic hysteria, UK style, and why misunderstanding what government money is about persists.

Scandal-Splattered UK Outsourcing Giant, Serco, Sets Sights on the Ultimate Gravy Train: U.S. Defense Contracting

The company has been repeatedly caught falsifying records, at times on a gargantuan scale. Now it is seeking opportunities in an industry where money routinely disappears in the trillions. What could possibly go wrong?

The Bank of England Should Stop Broadcasting the Views of a Comfortable Financial Elite

A “put foot in mouth and chew” episode from Bank of England chief economist Andy Haldane.

Is There Really a Problem with Left Wing Extremism in the UK, or Is the Government Seeking Excuses to Suppress Fair Protest?

Governments on both sides of the pond are in “never let a crisis go to waste” mode. Aggression by the right is cause to stomp on a weak left.

Michael Hudson – Changes in Super Imperialism

Michael Hudson recaps his classic Super Imperalism and extends it to the 21st century struggle for dominance among the US, China, and Russia.

Negative Interest Rates Are Coming, but There Is No Chance That They Will Work

Negative interest rates: a bad idea that some central banks still can’t resist.

The Double Irony of the New UK-EU Trade Relationship

The Trade and Cooperation Agreement signed between the European Union and the United Kingdom goes against six decades of UK efforts to avoid being economically disadvantaged in Europe.

Brexit: Wheels Coming Off

Brexit pains are becoming more and more evident.

Cash in the Time of Covid: Down But Not Out

Physical cash should still have an important — albeit diminished — role to play in the economy of the future.

2021 Will Be Volatile

Richard Murphy’s 2021 forecast.

Quick Notes on the Brexit Deal

Brexit: an undertaking of great advantage, but nobody to know what it is.

UK’s Covid and Brexit Siege

Fog on the Covid and Brexit fronts.