Government Austerity Demands That We Die Within Our Means
Theresa May’s plans to intensify austerity are costing her votes. About time.
Read more...Category Archives: UK
International Arbitration Is the Way to Settle the UK’s Brexit Bill
Arbitration would be a good way to resolve the thorniest Brexit issue, of settling the tab. But politics seem to preclude a sensible outcome.
Read more...UK’s Brexit Derangement Becomes More Visible as May Puts Foot in Mouth and Chews
As short seller David Einhorn has said, “No matter how bad you think it is, it’s worse.” I thought I was at risk of being unduly dire in my early readings on Brexit, which was that the two sides have a large gap between their positions and have been talking past each other. Early on, […]
Read more...British Press Hissy Fit Over Predictable EU Move to Relocate Euro-Clearing to the Continent
The UK press reacts with unwarranted indignation to an EU move that was sure to happen.
Read more...More Brexit Miscalculations: UK Can Have Industrial Policy Only With Hard Brexit
The UK government wants industrial policy reforms that are incompatible with EU rules. Those rules would apply save in a hard Brexit.
Read more...The Brexit Situation is Developing Not Necessarily to the UK’s Advantage
We’ve been neglecting Brexit due to Trump going uber hawkish and the resulting barrage of news stories to sort through. And another reason is that the noise to signal ratio got even higher in the British media around the time Brexit became official. Formal progress will be virtually nil till late May. The UK and […]
Read more...Theresa May Announces Surprise Early Election for June 8
Theresa May reversed early firm promises and announced snap elections.
Read more...It’s Not the Gig Economy, Stupid
Why the decline in labor unions has had a bigger impact on the fallen state of wage workers than the much ballyhooed gig economy.
Read more...“Henry VIII Clauses” in Britain’s “Great Repeal” Brexit Bill Gives Government Unprecedented Powers
The “Great Repeal Bill” repeals EU laws and gives the executive massive powers to rule by decree in the Brexit transition
Read more...Even Before Brexit Triggered, EU Again Signals It Is Not Budging on “Shape of the Table” Issue
The EU is not giving ground as the Brexit trigger date approaches.
Read more...Brexit: More on the UK’s Weak Hand
Yet more debunking of pro-Brexit fantasies.
Read more...After Failed UK IPO, Bank Software “Dog” Misys May Be Coming to the US!
Misys’s private equity owner Vista is trying for an overpriced exit. As the saying goes, “Little pigs get fed, big pigs get slaughtered.
Read more...EU Dings Yet Another Brexit Fantasy: “Equivalence” Deal for the City
Yet another scheme, equivalence, by which the City hope to have its Brexit cake and eat it too, looks to be a non-starter.
Read more...French Presidential Contender Macron Backs Tough Stand on Brexit
Macron, who has taken a recent hit as a result of a campaign blunder, took a forceful position on Brexit in a meeting with Theresa May.
Read more...Ian Fraser: What the HBOS Fraud Tells Us About the State of British Banking
The £1 billion HBOS Reading fraud, my part in exposing it, and what it tells us about the state of British banking
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