The library is seen as a force for self improvement and the pursuit of knowledge. I fear that in many cases this is no longer true, if it ever was.
John RedwoodThe UK downgrade will come as little surprise to many. It does not appear to be occurring because the UK is cutting its deficit too far and too fast.
John RedwoodThere is not necessarily a good reason why a regulator should have to be involved in product design and marketing for rich and sophisticated investors. We recommend that such investors should be able to sign a piece of paper, which allows them to go ahead and buy unregulated products at their own risk.
John Redwood