Publications

The BBC Charter The British Broadcasting Corporation, BBC, is the oldest and largest broadcasting corporation in the world. It is funded (partially) by annual licence fees charged to all households…

In recent years, the Welfare System in the UK has undergone radical changes beginning with the design and implementation by the Government of the Universal Credit, a single payment streamlining…

Central Banking – Embracing the Blockchain In a recent speech, Bank of England deputy governor Ben Broadbent opined that the key innovation underlying Bitcoin is not the unit of account…

In less than a month, UK voters will be asked to express their intention to leave the EU in a referendum. The UK Prime Minister David Cameroon has strongly argued…

2016 is going to be a crucial year for Royal Mail, RM, the 500 year old British postal operator whose privatization process (started in October 2013) was finally completed in October 2015. In a broad sense, it is a decisive time for the entire sector of delivery services in Great Britain. The sector can be divided in two segments: the growing and competitive parcel delivery segment, boosted by the growth of e-commerce, and the declining segment of letter delivery.

Central Banking The European Commission accepts that EU law requires accounts to provide a “true and fair view” of assets, liabilities, financial position and profit or loss as specific indicators…

Back in 2014, several European countries started including the revenues from drugs and prostitution into their national accounting systems. These two sectors have several characteristics in common. First, the consumption…

WP 2016-03. The paper has now been published and can be accessed here. After the end of communism, the countries of Central and Eastern Europe shared very similar challenges. Despite…

An historic decentralization deal in England There is historically in England a North/South division. In the South, trade and financial services have made London the target of international investments and…

Central Banking Bank share prices recover after further falls early February. However, credibility of ECB increasingly questioned as it considers further expansionary policies. Fears of a renewed banking crisis, which…