Everyone expects the MPC to raise rates on Thursday. This would be a mistake. Discussion about interest rate changes in the press normally involve large amounts of data and charts about the state of the economy. Here I want to do the opposite: to present the minimum you need to know to understand that raising UK rates right now is the wrong thing to do.
Capital mobility has sucked money out of the global South and into financial vortexes such as Wall Street and the City of London. Read here
This is the other side of the coin with regard to our previous link concerning Romania. The EU’s prime interest in Romania seems to be cheap labour, as well as selling cars and lorries. Read here […]
The international tax system for taxing multinational corporations is coming apart at the seams. We are now entering one of the most significant turning points in world tax history. Read here
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