We should not be in too much of a hurry to celebrate the RBS Chief's decision to forego his annual bonus. The excessive remuneration of bankers (as well as City accountants and lawyers) is merely a symptom of a wider problem; a financial sector that has learnt how to ruthlessly exploit its privileged position in the economy.More
Oh well, that’s alright then. They've stripped Fred the Shred of his knighthood. The financial crisis is solved. The world breathes easily.
It is an extraordinary technique, and a disastrous one, that – time after time – the British political establishment uses to avoid action.
They narrow down the problem, increasingly absurdly, to some symbolic gesture. Then they do it, and keep their fingers crossed that history will move on.
In fact, it is tough today to work out which is the most annoying.More
In a single month last year, October, an estimated 650,000 people in the United States closed their bank accounts and moved their money to a credit union. They are part of a growing movement of people who are voting with their savings against the mainstream banks. What is driving it? More
Italy gave is the idea of slow food. The USA gave us slow money. It may be that the idea of ‘slow finance’, the title of a book by the fund manager Gervais Williams, may emerge in the UK.
nef’s head of banking and finance, Tony Greenham, is introducing a lecture by Williams next month.More
Last week hundreds of people turned out for our public lecture on a shorter working week, and the event received widespread media coverage. Interest in the idea of much shorter and more flexible working hours has continued to grow since we published our 21 Hours report just last year. More
Last Wednesday nef brought together a panel of three experts to discuss our acclaimed 2010 report 21 Hours. Could a shorter working week be the answer to current social, economic and environmental concerns? Watch or listen again to the full lecture and discussion below.More