Would the world be a better place if offshore finance didn’t exist? Shadow Chancellor John McDonnell doubtless thinks so, believing … Continue reading “The beneficial impact of offshore finance”

Last year, Transport for London (TfL) revoked Uber’s license to operate in London – a decision that Uber is appealing. … Continue reading “Technology has made government regulation of taxi markets unnecessary”

At a time when no politician will publicly stand up as a friend of the banks, the leader of the … Continue reading “Finance is for the many, not the few”

The Government’s industrial strategy, released yesterday, is a paean to received wisdom about what the future economy will look like. … Continue reading “The government’s new ‘industrial strategy’ will fail”

Since the Brexit vote, it has become the conventional wisdom that there is a backlash against globalisation by the left-behind. … Continue reading “The case against “rebalancing the economy””

The last 50 years have witnessed an unprecedented growth in international trade. Global inflows of foreign direct investment (FDI) have … Continue reading “It is fashionable to condemn international financial centres – but before you join in, take a look at what they actually do”

The turmoil in Catalonia appears finally to be subsiding thanks to the central government’s intervention this weekend to restore constitutional … Continue reading “What finance can teach us about Catalan independence”

We all know that capitalism is failing. Jeremy Corbyn has been telling us since the 1970s, before we even had … Continue reading “Capitalism does work – to the extent that we allow it to operate”

I spent Germany’s election weekend in its financial capital, and found a country that is exceptionally comfortable in its own … Continue reading “Has London lost its mojo?”