Ten initiatives to help young people: 5. Youth start-up loans

Young people who opt for university education are eligible for loans at preferred rates.  They qualify for tuition loans of up to £9,000 per year, and for maintenance loans which could go as high as £8,200 per year for those from low income families.  Most students assume this is a good investment that will lead […]

We must regulate Bitcoin because…..?

We can fill in that “….” with whatever we want of course. For Bitcoin enables (despite whatever other fragilities we might think it has) people to transfer money around, do business, trade, without the intervening hand of the State. And that will never do: how can the functionaries of the State make sure they get […]

Light in the FCA tunnel

The FCA was created to encourage best practice and thereby grow each of the financial services sectors under its oversight. By adopting an adversarial position towards its charges, it has achieved the very opposite of the Chancellor’s intentions, nowhere more so than in the personal financial advice sector.  The traditional arrangements for financially advising individuals […]

So, what’s the difference between Modern Monetary Theory and tax and spend then?

Modern Monetary Theory is all the rage these days. Slightly unfortunately it’s usually referred to as MMT which can and does also stand for Magic Money Tree. And that’s what the proponents think they have found. This Peoples’ Quantitative Easing that is talked about is only a variation of the basic idea. Which is, simply, […]


As the not new saying goes, there’s not much new in this world: This week the firm disclosed “questionable practices” by its management, which had been overhauled last month, and which meant it had to freeze remaining capital. It said: “the company has used lenders’ capital without their permission”, leaving a £3.5m deficit between the […]