A Brexit-enabled tweak to the Solvency II regulatory requirements would allow mortgage backed securities to be less capital intensive, making them more attractive to pension funds.
A timely report – from Ed Balls, no less – suggests that a lack of graduates is not the reason for our productivity deficit. Rather, our productivity deficit explains the lack of graduate-level jobs.
It is hard to find any precedent for the path that he has chosen. What furies drive him? Why this frantic activity?