Author Archives: henrypeterson
St Pauls occupiers meet with Hector Sants
See this press release below from the St Pauls Institute. One step closer to a longer term truth and reconciliation commission. London Connection, the initiative announced by the Bishop of London with the mission of reconnecting finance and ethics in … Continue reading
Iceland’s experience – and lessons for the UK
Martin Wolf in the FT has drawn attention to the recent conference on Iceland’s experience since 2007. The conference was co-hosted by the IMF and the Icelandic government, and involved speakers from the government alongside distinguished international economists. The proceedings … Continue reading
Financial Transactions Tax – will the UK public be allowed a view?
We are told that David Cameron and George Osborne are firm in their rejection of EU proposals for a Tobin Tax, otherwise known in Europe as a Financial Transactions Tax and in the UK as a Robin Hood Tax. As … Continue reading
St Pauls adds to debate
The continued ‘occupation’ by demonstrators camping in front of St Pauls has already achieved one of its main aims – in prompting wider debate on the ethics and morals of the banking profession. While Canon Giles Fraser has resigned his post, it … Continue reading
German support for a Tobin tax
Encouraging words from the German Finance Minister, Wolfgang Schauble, reported in today’s FT. “I believe that it is in the interest of the financial sector itself that it should concentrate more on its proper role of financing the real economy, … Continue reading
Plan B
Responding to criticisms that the Left have produced no alternative to Osborne’s plans for the economy, Compass has offered its proposals in a new publication. Plan B seeks to provide an alternative way forward for the UK. It relies on … Continue reading
Were bailouts the only option in 2008?
The more information that surfaces on current events in the Eurozone, the more questions are left unanswered about the UK’s own crisis in October 2008. Were the bank bailouts the only option? We are regularly told that the Government had … Continue reading
Vickers reforms: too little and too late?
Several commentators have argued that the timeline for reform, as proposed by the Vickers Commission, is too extended. While the economic news across Europe remains febrile to say the least, 2019 feels a very long time away. Assuming the Coalition … Continue reading