The City

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…

Why banking really is a con

No doubt you’ve heard of a “bank run”. Where customers of a bank panic about whether the bank can pay out their deposits. Northern Rock…

Who really controls your money?

Right now, there are plenty of risks to your money. Brexit, Covid-19, the lockdowns, negative interest rates and plenty more. But they’re very different risks…

Where does recycling debt indefinitely lead us?

I go for a walk in Greenwich park, most days. Just to get out of the house. And to watch the bizarre consequences of Boris…