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.
APR 2016 | Field Notes
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.
SEPT 2016 | Field Notes
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.
MAY 2016 | Field Notes
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.