The Brutal History of the Slave Tax in the UK

In February 2018 the Bank of England’s Twitter page chirpily announced: ‘Here’s today’s surprising #FridayFact. Millions of you helped end the slave trade through your taxes’. The infographic attached reported that ‘In 1833, Britain used £20 million, 40% of its...

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Credit ratings and why they matter

The credit rating agency Fitch has recently downgraded their credit rating of the UK from AA to AA- because of the impact of the Corona virus and continued uncertainty about Brexit. Fitch believe economic output will drop 4% this year in the UK. Their concerns are...

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Investments that are too good to be true

In the office mail today we received an unsolicited letter telling us of a 'legal money hack' on a mobile and how someone had made £10,233.97 profit a week, now having banked £338,273.22 profit. That's great news. What's even better is it's (apparently) free, but only...

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David bowie, bonds and securitisation

Theoretically you can securitise any cash flow. Banks have securitised mortgages, credit card debts, and student loans. Perhaps less well known is the singer songwriter David Bowie securitised his music in 1997. How did this work? David Bowie used the future revenue...

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Bank of England emergency rate cut, and basis risk

As you may have seen in the news today the Bank of England (which is independent of the Government) announced an emergency in cut in the Base Rate by 50BPS to 0.25%. This level hasn't been seen in the UK since the Global Financial Crisis 12 years ago. What does this...

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Guest seminar: private bank investments for a Chinese bank

Martin Berkeley of Corvinus Capital recently delivered seminars to one the largest Chinese banks on Private Bank Investments as part of the Alliance Manchester Business School's Executive Education programme. Delegates attended from China along with colleagues from...

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