Place human values before market values

The former Bank governor and now the UN special envoy for climate finance, Mark Carney focuses on the global financial system and corporate governance, along with climate change.  Carney’s detailed account of money and finance, where we get tantalising glimpses of life as a central banker – gilt chairs at a G20 summit in Riyadh…

Budget 2021- Sunak’s support for Covid-19 totals £407bn

“Coronavirus has caused the largest and most sustained economic shocks in this country has ever faced,” Sunak said Furlough scheme extended until the end of September along with VAT cut for hardest-hit sectors to boost the hospitality and tourism industries over the summer. The government will maintain its support for the self-employed, with grants handed…

The Third lockdown may cost UK £400million every working day

  The UK Lockdown could hit the borrowing balloon for the 2020/2021 financial year past £450 billion and predicts the latest coronavirus restrictions could cost the country £400 million every working day. Chancellor Rishi Sunak announced a new £4.6 billion plan to help businesses through a new lockdown, including one-off top-up grants up to £9,…

UK Government record borrwing in November

The UK government continued to support the economy during the pandemic by borrowing soared in November hitting £31.6bn the highest level on record according to the office for National Statistics and the third-highest figure in any month since records began in 1993. The Independent Office for Budget Responsibility has estimated that the amount of borrowing…

UK’s first unexplained Wealth Order as £1m diamond ring was seized

Zamira Hajiyeva, married to Jahangir Hajiyev, a banker, who is serving a 15-year sentence in their native Azerbaijan for stealing millions from his state-controller bank, managed to spend £16m in Harrods, by using 54 credit cards many of which were linked to her husband’s bank is currently fighting the UK’s first Unexplained Wealth Order (UWO).…

Rollercoaster ride for Bitcoin

On Wednesday16th December 2020,  the volatile currency Bitcoin gained 170 per cent this year and jumped 4.5 per cent to as much as  $14, 800 ($20, 000)buoyed by demand from large investors keen on its potential for quick profits. IN November investors had a bumpy ride with the cryptocurrency peaked at £19, 000 before dropping…

Resistance to abolition of slavlery

The English Heritage unveiled blue plaque on the wall of Schomberg House on Pall Mall, London to commemorate the residence of Quobna Ottonah Cugoano, the author and campaigner in 1787 wrote one of the first exposes by an African of slave trading, criticising continued tolerance of horrors of the slave trade by the British Government…

How Dirty money is quickly anonymised

Award-winning investigative Financial Times journalist Tom Burgis reveals a terrifying global web of corruption by following the dirty money that is flooding the global economy, emboldening dictators, and poisoning democracies, spanning Kremlin to Beijing, Harare to Riyadh, Paris to the Trump White House, all at a terrible human cost. A body in a burned-out Audi.…