As you can see on today’s order paper, Mark Reckless MP has courageously brought forward the following motion, which I have signed (emphasis mine): EUROZONE FINANCIAL ASSISTANCE That this House notes with concern that UK taxpayers are potentially being made liable for bail-outs of Eurozone countries when the UK opted […]
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A Bill to expose banks’ false profits, overstated capital and hidden losses
My Financial Services (Regulation of Derivatives) Bill has now been printed, ready for second reading on 10 June. You can obtain the PDF here and track the Bill’s progress here. The press release, including links to background evidence and press coverage, is here. When I introduced my Bill on 15 March, I […]
Read MoreA smaller budget for the EU please
I chose tonight to support Douglas Carswell’s modest and conservative amendment to the draft EU Budget Bill: Line 2, leave out from ‘2011’ to end and add ‘is concerned at the above-inflation increase being made to Britain’s EU budget contribution; believes that, at a time when the Government is poised […]
Read MoreTen plans for financial reform
Over at The Cobden Centre, I have introduced and listed ten substantial plans for financial reform: Since The Cobden Centre was established by original founder Toby Baxendale, Dr Tim Evans, Dr Anthony J Evans and the author, we have assembled ten plans for financial reform which promise to deliver honest […]
Read MoreEquitable Life update
At 13:00 today, I attended a busy Westminster Hall debate on Equitable Life secured by Nicola Blackwood MP, to which the minister, Mark Hoban MP, responded. Nicola covered the situation incisively. Many of us made an exception to sign the Equitable Life pledge during the campaign and we do expect […]
Read MoreHow can we re-think government to deliver more for less?
Via HMT – Spending Challenge, an attempt to “crowd source” government spending: The Spending Challenge is your chance to help shape the way government works. We need to reduce the deficit by cutting public spending in a way that is fair and responsible – and you can help. It could be […]
Read MoreThe future of public debt: prospects and implications
Via the Cobden Centre, a report from the Bank for International Settlements on public debt. Since the start of the financial crisis, industrial country public debt levels have increased dramatically. And they are set to continue rising for the foreseeable future. A number of countries face the prospect of large […]
Read MoreCranmer: Conservatives launch Debt Clock
Via Cranmer: Conservatives launch Debt Clock: What you could buy with the interest on Labour’s debt: If Britain was not going to spend £63.7 billion a year on debt interest, we could: Abolish fuel duty, inheritance tax, and stamp duty or Abolish council tax or Pay for 1.5 million extra police […]
Read MoreHow to avoid future encounters with financial meltdown » The Cobden Centre
My Cobden Centre colleague and Chief Executive of Tyler Capital, James Tyler, explains how we came close to financial collapse and what to do about it: Fractional Reserve Banking (FRB) is an inherently unstable complex system. Each and every bubble and crisis has some kind of link to FRB, going […]
Read MoreIrving Fisher, “100% Money”
Via The Cobden Centre » Honest money, a summary of economist Irving Fisher’s “100% Money”: The 100% proposal is the opposite of radical. What it asks, in principle, is a return from the present extraordinary and ruinous system of lending the same money 8 or 10 times over, to the […]
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