There are 680 very happy steel workers in Sheffield right now. The nationalisation of Sheffield Forgemasters, with the promise of … Continue reading “Why are taxpayers being forced to bail out billion-pound defence contractors?”

As the UK economy enters the COVID-19 downturn, the Bank of England (BoE) continues to maintain that the UK banks … Continue reading “To make banks strong, do away with the regulator”

It appears that Bury FC has finally been expelled from the English Football League (EFL) because of its inability to … Continue reading “Too old to fail? No.”

Vultures are ugly creatures. However, they serve a very vital function. They help get rid of animal carcasses safely. The … Continue reading “In defence of vulture capitalists”

It is normal to feel sympathy for the 15,000 employees of Tata Steel who are set to lose their jobs … Continue reading “Steel is not a ‘strategic’ industry (if such a thing exists)”

Today the IEA published a monograph, The Euro: the Beginning, the Middle and…the End? Given the meeting of EU finance ministers … Continue reading “And when the music stops…”

Another bailout deal has been secured for Greece. Some of the country’s borrowing will be written off – it will … Continue reading “Yet another Greek bailout will change nothing without structural reform”

Europe is riddled with bad debt. In some countries, such as Spain, banking systems are in chaos. In other countries, … Continue reading “We must write off bad debt”

As odd as it may seem, Alexis Tsipras may well be the eurozone’s best hope at the moment. As Greece heads … Continue reading “Greece and the eurozone: staying in may be riskier than exiting”