How are the central bank reserve accounts created?
Friday, June 17th, 2022I have been asked to explain how the central bank reserve accounts held by the commercial banks with the Bank of England are created. This
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Is Mervyn King right that quantitative easing caused inflation?
Wednesday, June 15th, 2022I have published a new paper this morning as part of the work I am doing that is funded by the Polden Puckham Charitable Foundation
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The world's central bankers: running the economy as if they want a disaster
Tuesday, June 14th, 2022As the Guardian reports this morning: Fears about a possible recession have pounded stock markets around the world amid reports that US Federal Reserve could raise interest
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A note to the Tories: the tax cuts you want will not save the economy
Wednesday, June 8th, 2022Reports in the Guardian this morning suggest that ministers and other Tories are demanding tax cuts as the price of their support for Johnson, and
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The ICAEW has now earned more than £10 million in fines paid by audit firms in a few weeks - with no explanation as to what it will do with it
Tuesday, June 7th, 2022A couple of weeks ago I highlighted the fact that the Institute of Chartered Accountants in England and Wales (of which I am a fellow)
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It hasn’t been such a bad Jubilee, after all
Saturday, June 4th, 2022Boris Johnson’s biographers now know the date on which his fate was sealed. It was Friday 3 June, 2022. The location was the steps of
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Lord Geidt has highlighted the absence of ethics in No.10. The absence of ideas in politics will, however, be harder to solve
Wednesday, June 1st, 2022I am not sure that the No.10 ethics adviser, Lord Geidt, intended to yesterday set himself up as the person to bring Johnson down, but
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The government's approach to audit reform is half-hearted at best
Tuesday, May 31st, 2022The government has, at long last, published its planned approach to audit reform. The proposals are watered down from the inadequate suggestions first made by
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There is a magic money tree right at the heart of the UK government, mandated by law and in operation since 1866, at least
Monday, May 30th, 2022This paper was published last week: The paper has the following abstract: This paper constitutes a first detailed institutional analysis of the UK Government’s expenditure,
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