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Edmund Conway

G8: an unexpected mini-breakthrough on tax

If you dig deep enough into the G8 communiqué [https://www.gov.uk/government/publications/2013-lough-erne-g8-leaders-communique] (I accept you might not want to do that), there are one or two surprises when it comes to the question of tax. We knew this summit was going to be largely focused on

How foreign banks exacerbated Britain's financial crisis

[https://i1.wp.com/www.edmundconway.com/wp-content/uploads/2013/06/foreignbanks.jpg?ssl=1] Globalisation is a good thing, right? That’s the underlying message of most economics textbooks – indeed the centuries-old theory of comparative advantage has it that because international markets allow countries to specialise in what they

Austerity in a picture

[https://i0.wp.com/www.edmundconway.com/wp-content/uploads/2013/06/pubspending.jpg?ssl=1] Striking chart from the IFS’s report today showing that the scale of austerity (in terms of cuts to spending on public services) is more prolonged and cumulatively greater during this period than ever before

The financial nitroglycerine buried under the Bank of England

[https://i2.wp.com/www.edmundconway.com/wp-content/uploads/2013/06/monetarybase.jpg?ssl=1] Monetary base in various countries/economic areas since onset of crisis. Source: Bank of EnglandFor me, this remains one of the most important, and least appreciated, charts of the financial crisis. It measures the so-called

Sun

[https://i0.wp.com/www.edmundconway.com/wp-content/uploads/2013/06/suncover.jpg?ssl=1] Download mp3 (you may need to right-click) [https://www.edmundconway.com/Site/Media/Sun.mp3] Sun [http://www.mixcloud.com/edmundconway/sun/?utm_source=widget&utm_medium=web&utm_campaign=base_

UK Government issues longest-dated bond since 1937

The UK Government is set to issue its longest-dated bond since before the Second World War, in its latest bid to capitalise on rock-bottom interest rates. [https://i1.wp.com/www.edmundconway.com/wp-content/uploads/2013/06/Spanish_11_interbrigada_in_the_battle_of_Belchev._1937.jpg?ssl=1] 1937:

Drinks, planes and machines - the real story of what Britain actually makes

So large and persistent is Britain’s trade deficit that it’s tempting to believe that the country essentially makes nothing; that it merely sucks in everything from abroad (largely China) and produces nothing of value itself. That is, as I’ve tried to explain in previous posts [https://www.