news
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Where’s the evidence?
‘Let the jury consider their verdict,’ the King said, for about the twentieth time that day. ‘No, no!’ said the Queen. ‘Sentence first—verdict afterwards.’ (Alice’s Adventures in Wonderland). Politicians have often followed the Red Queen’s approach: policy first, evidence later.
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Welcome back TSB – a shame you have to live in London
A few months ago I wrote a speculative column suggesting that TSB, which is to be reborn after being absorbed into Lloyds nearly 20 years ago, could – and should – be headquartered in Scotland.
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Mrs Thatcher’s legacy: financial deregulation and the credit crunch
Whatever else she might be remembered for – Europe, the Falklands, the poll tax – the raft of financial deregulation Margaret Thatcher’s Government brought about paved the way for a twenty-year boom in financial services, a huge increase in personal and corporate debt and ultimately the crash of 2008.