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Tony Norfield

TONY NORFIELD has a Ph.D. from the School of Oriental and African Studies in London. He was previously Executive Director and Global Head of Foreign Exchange Strategy at a major bank in the City of London and publishes notes on developments in the world economy on his blog: Economics of Imperialism. His new book, The City: London and the Global Power of Finance, was published by Verso in April. He wrote about Brexit before it happened in the April Field Notes.

BREXIT
A New Crisis Acronym

What are the Brits doing? On June 23 they will vote in a referendum on whether to remain in the European Union, to which they have belonged since 1973. It is rare for a marriage of more than forty years to break up, especially by the decision of the partner that had asked twice for betrothal.

Tax Havens in the Imperial Network

The motto of the ineffable billionairess came to mind recently with the publication of the Panama Papers. This huge set of files leaked from a Panamanian law firm, Mossack Fonseca, documented the tax haven dealings of the world’s richer denizens.

Britain’s Brexit Limbo

Britain’s divorce from the European Union will be a tortuous affair. The British establishment losers in the June 23 Brexit referendum were shocked by the vote to leave, as were the financial markets: Sterling’s value slumped some ten percent on the foreign exchange markets and the U.K.’s credit rating was cut.

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