Economists are being forced to review their models following new data that suggests the UK economy has rebounded following Britain’s vote in favour of leaving the EU in June. IHS Markit said today that its Purchasing Managers Index rose to 52.9…
How income inequality undermines trust
A working paper about income inequality published today by the IMF shows it undermines trust among low-income groups. “The results suggest that inequality at the bottom of the distribution lowers an individual’s sense of trust in others – in the…
IMF handling of Euro crisis slammed
The IMF’s management of the financial crisis that rocked the EU in 2010-13 has been criticised in an independent report released today. “The IMF’s handling of the euro area crisis raised issues of accountability and transparency, which helped create the…
Daily Mail slams BHS shenanigans
Daily Mail city editor Alex Brummer has today penned a coruscating critique of former BHS owner Philip Green and the role of City of London legal and accounting firms in the collapse of the UK retail business in April when…
IMF questions European labour migration
A report by the IMF about the movement of 18m from central and eastern Europe to western Europe since the fall of the Berlin Wall in 1990 says it has negatively affected the economies of the countries from which the…
Why the monetary system is not fit for purpose
The global monetary system is no longer fit for purpose and requires radical reform to promote sustainable and equitable economic development, independent consultant Shann Turnbull told the annual Association for Heterodox Economics conference in Glasgow last week. He said that…