Banditry

On learning from your mistakes

The Metropolitan Police and the CPS, yesterday: The Metropolitan Police have apologised to Colin Stagg, who was wrongly accused and jailed for the murder of Rachel Nickell on Wimbledon Common. Assistant Commissioner John Yates said "mistakes were made" and added: "It is clear that he is completely innocent." The Crown Prosecution Service has also written … Continue reading On learning from your mistakes

Note to debt doomsayers

When someone buys a country's government bond, the government needs to pay it back on a specific date. If the government refuses to do so, there will be a total collapse in international confidence in the debt of the country and of all its banks, companies and residents, a currency crisis, and generally a wide … Continue reading Note to debt doomsayers

‘None of the above’

Mark Wadsworth highlights a new political survey called Take The Quiz. Along the lines of the utterly pointless Political Compass, but slightly more worthwhile [*], it takes (paraphrases of) manifesto commitments and other policy statements from the major UK-wide [**] political parties, and asks you to pick the one you most like / least dislike … Continue reading ‘None of the above’

Save, borrow, whatever

So the fairly essential cuts in interest rates are hitting savers. As a net saver, I can only say this is a good thing. There are approximately four sorts of people in the UK, financially speaking: 1) people with no assets or liabilities. "The poor". 2) people with houses and mortgages. "Hard-working families". 3) people … Continue reading Save, borrow, whatever