September 2, 2020 Blog

Andrei Rogobete: Britain faces a savings crisis — what can be done?
This was first published in The Article. Brian Griffiths’s recent article The Spectre of Inflation examined the nation’s record on controlling inflation, and also the dangers of returning inflation. This is, at least in part, driven by the staggering increase in public spending as well as the UK’s money supply growth since lockdown. While most analysts do...
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August 15, 2020 Blog

Brian Griffiths: The Spectre of Inflation
This article was first published in The Article on August 5th 2020.             The Great Moderation For the past 27 years UK governments of all political persuasions have targeted a rate of inflation of 2 per cent as the principal objective of monetary policy. The Bank of England is charged with the implementation of policy and to ensure...
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June 22, 2020 Blog

Richard Turnbull: Moral Questions for the Government
  I want to think about the future. As we emerge from this Covid-19 crisis we will not be short of pundits advising us of the absolute necessity of things that are on their agenda but don’t really have anything to do with our economic, moral or other response to the pandemic. The sound of...
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June 4, 2020 Blog

Andrei Rogobete: Difficult Times Ahead for the Airline Industry
It is bound to raise eyebrows from analysts and investors when a long-term value investor like Warren Buffet unloads Berkshire Hathaway’s entire stake in the five largest US airlines (Delta, Southwest, United, and American Airlines). It signals an all but total loss of confidence in the airline industry. Airbus chief executive, Guillaume Faury, said that...
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May 5, 2020 Blog

Andrei Rogobete: COVID19 is a Greater Threat for Developing Countries
  The World Bank issued a warning recently claiming that the impact of COVID19 will have a disproportionate impact on the most vulnerable in lower-income countries throughout South America and the Caribbean. Martín Rama, World Bank Chief Economist for the Latin America said that, “Governments across Latin America and the Caribbean face the enormous challenge...
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April 14, 2020 Blog

Richard Turnbull: The Moral Case for Tesco’s Dividend
  Lord Adonis has called for the chief executive of Tesco to resign. He argues that Tesco is using £585m of state aid in business rates relief to pay its shareholders a dividend of £635m. This is exactly the sort of false linkage that damages the case for ethical business. There is an absolute moral...
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March 30, 2020 Blog

Steve Morris: Learning from Family Enterprise
Steve Morris FRSA grew up in a family business. He argues that the model could provide some answers as we look at the future of capitalism. The experience of growing up in a family business shaped my life, although I didn’t realise it at the time. I learned so much about values from my parents...
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