We must be cautious how we welcome Andrew Bailey, Mark Carney was certainly the worst governor in post war history so CoCo the clown would look good initially. He has to date been what a commanding officer might mark...
There has been some disingenuous double speak on the subject of Scottish Independence post election at which they triumphed with a platform for independence from the United Kingdom as strong as the conservative party's overwhelming endorsement of independence from...
For overseas readers rates are what we Brits call property tax. It goes to local government which dwells in the marble halls of our kingdom. If you find yourself in a north of England depressed town & spot a new...

Bank Bail Ins

A number of Going Postal subscribers have asked me to cover the concept of Bank Bail Ins. My intention therefore with this essay is to outline the idea for the intelligent layman rather than the economics undergraduate, for whom I...
As the Brexit debate drags on, there seems to be much confusion about tariffs. Neither politicians nor MSM journalists seem to understand the basic concepts. This is natural as politicians, bureaucrats & journalists made a conscious decision at university...
We hear of the proposed £60 billion pay off to the EU.  It grows everyday.  The extraordinary aspect of this whole sorry affair is the complete lack of professionalism in these negotiations. Possibly no surprise as the participants are all...
godfrey-bloom-brit

The Fiscal Gap

I wonder what would happen if our bank manager called us in because he was worried about our spending.  The Chancellor of the Exchequer of course has no bank manager in the way we do.  But he has a...
The UK is agonising over BREXIT, the debate drags on, the negotiations go nowhere, but we are addressing the wrong problem. Look at the numbers, forget the rhetoric. Small & medium size businesses account for 80% of the U.K....
Having had a sneak preview of consulting barrister Benjamin Wrench's paper on the concept of risk reward, a concept that built the City of London into the world's most important centre for financial services it might be amusing to...
The electorate of the industrial democracies broadly seem to accept the role of the State in every aspect of their lives, education, health & pensions being prime examples. This is largely unchallenged by modern press, media and politicians. No...

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