Although transactions with low probability of large loss and high probability of small gain carry the potential for disaster, they can appear attractive for a very long time – perhaps for ever.
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11 December 2013, Financial Times
27 November 2013, Financial Times
The Olympiad was a good party, which cost the British population about £200 per head.
17 July 2013, Financial Times
What happened at Enron, and in the banks, was that trading assets were marked to values that had been established not by people who knew about the contracts or the loans, but by the biased and ill-informed assessments of the traders.
19 June 2013, Financial Times
Corporation tax is a tax on corporate activity and on shareholders, and it is not well designed to achieve either purpose.
05 June 2013, Financial Times
British law might have said that the duty of directors is simply to promote the interests of the company’s members. But it doesn’t – and that is no accident.
13 March 2013, Financial Times
For a time, the coalition government seemed willing to let figures tell their own story rather than one written by their political advisers; but that time seems to have passed.
28 November 2012, Financial Times
Ireland accounts for a share of global profit disproportionate to the size of the Irish economy. Not because business in Ireland is particularly successful but because reporting profits in Ireland is particularly attractive.
25 April 2012, Financial Times
The common sense that says “I know the difference between a Cornish pasty and a ham sandwich when I see it” is appealing, but we would rightly find it unacceptable that the decisions of a tax inspector should be based on the principle that he knows what to tax when he sees it.
15 June 2011, Financial Times
The core problem is that banks have no intention of abiding by the spirit, rather than the letter, of any regulatory rules.
06 April 2011, Financial Times
The share of financial services in national income has increased. Should we be pleased, or concerned, by this development?
21 June 1996, Financial Times
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