Like the myth that the Earth is flat, the socialist conspiracy theory never dies March 6, 2019 The idea that the Earth is flat is a rapidly growing trend on social media. The Flat Earth Society’s Twitter feed has the best part of 100,000 followers. The fact that the planet is a sphere has been known since at least the time of the ancient Greeks. The astronomer Eratosthenes demonstrated it with a simple [...]
‘Big Short’ investor Steve Eisman bets against UK banks December 7, 2018 Investor Steve Eisman who is known for his prediction of the 2008 financial crisis has said he is betting against three UK banks. Eisman, who was played by actor Steve Carell in the film The Big Short, said he thinks the British market will go down because of Brexit. He said that he bet against [...]
It’s time to fix regulation and scrap socialism for the banks May 3, 2019 For too long, it has been possible for bankers to make massive profits while socialising losses through subsidies, deposit schemes, public ownership, and bailouts in times of crisis. This creates a moral hazard: bankers are encouraged by the regulatory regime to take on excessive risk, allowed to issue limited equity, and in case of a [...]
It’s time to fix regulation and scrap socialism for the banks May 3, 2019 For too long, it has been possible for bankers to make massive profits while socialising losses through subsidies, deposit schemes, public ownership, and bailouts in times of crisis. This creates a moral hazard: bankers are encouraged by the regulatory regime to take on excessive risk, allowed to issue limited equity, and in case of a [...]
Theresa May to give parliament a vote on no-deal Brexit as delay to Article 50 appears on horizon February 26, 2019 Prime Minister Theresa May today conceded the possibility of delaying Brexit if parliament rejects her deal for a second time. Addressing the Commons, May said that if MPs reject her withdrawal agreement on 12 March, a vote will take place the following day on whether the UK leaves the EU with or without a deal. [...]
The current Brexit approach guarantees failure – when will the no-dealers wake up? April 5, 2019 The Brexit process resembles a slow motion car crash. But of all the many twists and turns that we have had to endure in recent weeks, perhaps the most torturous has been the path trodden by the most committed proponents of the UK’s exit from the EU: the so-called “no-dealers”. Having once been the shock [...]
Brexit uncertainty has cost the UK economy £66bn, says S&P April 4, 2019 Brexit has cost the UK economy £66bn in lost growth, according to ratings agency S&P. Had the UK voted to remain in the EU in 2016s referendum the economy would have been three per cent larger by the end of 2018, the group’s report said. Read more: Brexit delay wins MPs' support by a margin [...]
Jeremy Corbyn tells Morgan Stanley it’s right that bankers view the Labour party as a threat November 30, 2017 Labour leader Jeremy Corbyn has told Morgan Stanley it was right to view his party as a threat, after the investment bank warned that a Corbyn-led government could pose as much of a risk to business in Britain as a hard Brexit. In a video posted on Twitter today, Corbyn said: Bankers like Morgan Stanley [...]
Theresa May waives £65 registration fee for EU citizens living in the UK January 21, 2019 EU citizens will no longer be hit by a £65 charge to register to stay in the UK after Brexit, Theresa May has announced in a bid to win support from MPs. Speaking in the Commons, the Prime Minister announced the fee will be waived after lobbying by parliamentarians from across the Commons during talks [...]
Theresa May tells quitting MPs the Conservative Party is not ‘warped’ like Labour February 21, 2019 Theresa May has insisted the Conservative party has not become “warped” after three resigning MPs accused it of being in the control of zealots. In an open letter to Anna Soubry, Sarah Wollaston and Heidi Allen – all of whom quit the Tories on Wednesday – the PM rejected any comparisons between her party and [...]