Debunking the crash narrative: Why fears over UK borrowing levels misunderstand the fundamentals
Capital Flight: A Misconception
Why Money Doesn’t ‘Leave’ an Economy, It Just Changes Hands
UK Employment Stats - Apr 2025
The number of people in the UK without work that want it
The Accursed Tariffs
Trump’s tariffs may seem like a blunt economic tool, but their impact is deeply intertwined with currency movements and financial flows.
The Limits of Taxation
Exploring the role of taxation in the UK’s monetary system, this article examines HMRC’s enforcement powers, and the physical limits of tax collection
UK Sectoral Balances
Sectoral Financial Balances for the UK as a % of GDP, smoothed over a year
The Hidden Power of Sovereign Wealth Funds
Sovereign wealth funds let states quietly wield currency power—disguised as prudent investment
Some Uncomfortable Truths About Banking
Understanding deposits, reserves, and capital reveals some uncomfortable truths
The Loan Lock Paradox
The banking system throws up many surprises — one of them is how savers inadvertently trap borrowers
Time for a Change
After 30 years, a long-planned milestone has arrived