When they released their five rules for bonuses, I was worried that they were getting involved in a hate-auction rather than trying to design sensible policies. Ben Chu of the Indie took the other view, saying “I think I prefer it when sales people are paid a fair wage and have some professional pride in the quality [...]
Posts Tagged ‘Banking’
13 Apr
Strong Clegg performance vs Paxman – but I’m not sure about these banking proposals
Very strong performance against Paxman by Clegg. Particularly on immigration and the pupil premium. Command of detail excellent. But I am rather concerned about the wildly populist overbidding in their bankhating proposals. Do they think publishing these salaries will stop bankers competing against each other? No – when you know your mate’s salary, you promptly [...]
12 Apr
Labour’s manifesto . . .
Well, I have only had time to read Julian Glover’s verdict (“statist mush”), watch the nauseating video and read the BBC summary. I wish I could say I was impressed – I think Britain wants and needs a hung parliament, and that means Labour putting up a better fight. But I think Glover’s verdict looks [...]
23 Feb
If the Bank is worried, why is it closing down the Special Liquidity Scheme?
The big news for students of the unfolding economic story is surely Mervyn King’s appearance before the Treasury Committee. As anyone reading the last Inflation Report* will gather, the Bank’s estimates for the economy has turned down. Today, specifically, he is worried that Europe’s weakness will impact on us. Other signs are weak, like lower [...]
15 Feb
Robin Hood part Deux
A brief discussion of the TUC’s unrealistic banking transaction tax document.
25 Jan
Banking, shadow banking, money
Banking versus shadow banking – how real is the distinction anyway?
22 Jan
Obama prefers hedge funds to banks
Banks are not the epitome of free markets. Obama’s reforms seem to realise this
12 Jan
Most heartening quote, and most surprising ‘fact’, of the day
Matthew Freud and Roy Hattersley are in tehre.
15 Dec
nef: how wrong, let me count the ways
a list of a few of the nef mistakes in their “worst publication of the year” report, ‘A bit rich’.
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