Edmund Conway

Americans are dropping out of the jobs market, and fast. That’s the depressing takeaway from today’s non-farm payroll report [http://www.bls.gov/news.release/empsit.nr0.htm]. The overall participation rate – a measure, essentially, of the proportion of people of working age either in a job or

A few years ago, not long after the Bank of England started its quantitative easing programme, someone who had just been appointed to the Monetary Policy Committee lamented to me that he would probably never get to change interest rates at all. At the time, I assumed he was joking

Is it really feasible, as Graeme Archer argues over at the Telegraph [http://www.telegraph.co.uk/news/worldnews/europe/cyprus/9961492/The-real-mistake-over-the-Cyprus-bail-out-would-be-to-think-it-cant-happen-here-in-Britain.html] , that something akin to the great Cyprus bank robbery could happen one day in the UK? It’s tempting to dismiss the idea out of hand:

Well that’s a relief! The initial leaked documentation detailing how capital controls will work in Cyprus says they will only be temporary. Of course, were one to look through history at episodes of international monetary breakdown, you’ll find that most of the seminal, permanent measures which brought economic

Vince Cable is one of the biggest brains in UK Government. He’s a trained economist and was one of the few MPs who warned, well ahead of the crash, that bad things were afoot in the UK economy. So it pains me to have to say this but I’

So it turns out Thursday is the new Tuesday. Though until yesterday, Tuesday was the previous Tuesday. The bank holidays here in Cyprus have now stacked up so bewilderingly high that this is now the longest period of enforced bank closure in modern history (at least as far as the