UK Countercyclical Capital Buffer Rate

Bank Of England Financial Stability Report, June 2017 To ensure that the financial system has the resilience it needs, the Financial Policy Committee is increasing the UK countercyclical capital buffer rate to 0.5%, from 0%. Absent a material change in the outlook, and consistent with its stated policy for…

Donald Trump and Anthony Scaramucci Cook-Up

Everyone reeled at how Anthony Scaramucci - a man in a position of responsibility in Government - could say such foul-mouthed things. Then Scaramucci is fired. Between him saying what he did and his firing, there is a period where people are absorbing things and adjusting to the idea that…

Who Controls The Other 60% Of Car Finance

A couple of sentences caught my eye in the speech given at Liverpool University on 24 July by Alex Brazier of the Financial Policy Committee at the Bank of England to the Institute for Risk and Uncertainty. Talking about the 2008 crash he said: After years of stability and good…

France And The Right

In the 2017 French Presidential election, 8,528,585 people, representing 23.86% of the votes cast, voted for Emmanuel Macron of the En Marche! party 7,658,990 people, representing 21.43% of the votes cast, voted for Marine Le Pen of the National Front party. Of the eleven…

If The LibDems Pledge

A couple of days ago I wrote this - June 8 UK Election Prediction - but events have moved quicker. The president of the EU has said that if Britain changed its mind, the EU would welcome Britain back 'with open arms'. And a Labour spokesman has said that Labour…

June 8 UK Election Prediction

Here's a prediction that may be wistful, thinking of a time ahead when sanity and inclusiveness prevails. The LibDems base their platform on a second referendum after securing open letter from EU that they will be prepared to tear up Britain's letter of resignation. Labour and the Conservatives are too…

From Wires Tapped to No Healthcare Bill

When President Trump tweeted Terrible! Just found out that Obama had my "wires tapped" in Trump Tower just before the victory. Nothing found. This is McCarthyism! I wonder whether Obama was pondering suing Trump for libel? I wonder whether he thought about suing Trump as a way of bringing things…

The Elected Apprentice

It seems to me that one of the most interesting things to come out of the accusations about Trump and Russia is not whether he committed these sexual acts. It is not whether he got a bunch of prostitutes to commit these acts. It is not whether there are tapes…

Quietism Or The Belly Of The Beast

I am getting tired - too tired to look up words to make sure I am using them properly. In general usage, quietism means a calm acceptance of things as they are without attempting to resist or change them. But I think that the way quietism used in a political…