What exactly is liquidity? The word liquidity is used in many different ways, often confusingly. It’s important to keep clear the centrally important concept of what liquidity is: the ability to turn assets into money quickly and at low cost. … Continued
In recent weeks I’ve written two articles explaining why I believe that the proposed Hinkley Point C nuclear power project should be abandoned (though it still seems at present reasonably likely that the French government will proceed). The Guardian: Hinkley Point … Continued
I’ve been asked a lot recently about my view on whether the UK should leave the European Union, which is the subject of a national referendum on June 23rd. I believe that in economic terms, there is very little that … Continued