My first week at Durham University. Harold Wilson's last hurrah. (View Post)

It is not really about interest rates now, but rather a fundamental collapse of confidence. I was in the gilt market in 1992 - Black Wedneday. Rates went 10%, 12%, 15%, 12% in just one day. Sterling … (View Post)

There was great tension in the air at that time. Everyone knew that Wilson would have to call a second election in the autumn, given February's inconclusive result. Storm clouds were gathering over t… (View Post)

I agree. I'm not at all a "Guardian reader" in the sense most commonly understood, but its website is a very good source of factual reporting and well written commentary. Its built in left-… (View Post)

Don't you just hate the Dail Mail website? Articles routinely have headlines partly in capitals, designed to stir up panic fear and loathing. It's like the Daily Mail is shouting at its readers. (View Post)