Paul Blomfield MP has welcomed reports that the Government has axed plans to give for-profit private companies a greater role in UK higher education. The Government's proposed legislation would have opened the door for private companies, including hedge funds and big American education companies, to set up new universities and access taxpayer funding. The Sheffield Central Labour MP has warne...

Cameron’s claim that he exercised his veto in Britain’s interests has won plaudits from the right-wing media, but needs to be exposed as the most staggering hyperbole, and proof that his Government exists for the benefit of the few and not the many. This week saw the Conservative Party's dependence on hedge funds exposed once and for all by, of all people, the Financial Times.

No, it’s not dastardly speculators, not the CDS market, hedge funds or anything of the sort. In total, BNP Paribas, which has been at the centre of market fears connected to its exposure to eurozone sovereign debt, said it had reduced its government debt exposure by 25pc in the third quarter from €106bn (£91bn) to

A letter appeared in the FT today from a deficit* of economists which suggested that the 50p tax rate be dropped. Their reasoning, as was stated on yesterday morning’s Radio4 Today programme is that hedge funds are relocating to Switzerland in favour of the cheaper tax. While I assume if the tax was dropped the

Well, some Friends of Wealth have broken cover, warning that unless the 50% tax band is dropped hedge funds will move to Switzerland. To help us digest the full dimensions of this catastrophe, let's take a look at Swiss tax...

Big oil companies, pharmaceuticals businesses and hedge fund managers seemed to be spared immediate pain by the debt-ceiling deal

Hedge funds have got one major advantage over bent bookies. In their case, race fixing is entirely above board. Let me expand on this point, by way of an analogy for what has been happening in the Irish, Greek, Portuguese and Italian economies of late. Let’s say you take a bet on a horse to

Joshua's Army member Louie Louie sent me an article from the British Telegraph concerning the belief of a number of investment hedge funds that China is a bubble close to bursting. He writes that to him, the article doesn't pass the smell test,because China is not a normal capitalist economy and comments, "If the Chinese Central Committee decides not to have a recession, bubble burst, it...

It is the world’s fifth largest financial centre, hosting 80,000 registered companies, more than three-quarters of the world’s hedge funds, and $1.9tn (£1.2tn) on deposit – four times as much as in New York City banks. I wonder what the definition of “New York City bank” is there? Clearly it’s not banks that have offices

The incoming Republican chairman of the House oversight committee said Wall Street owed it to Americans to be more transparent, singling out hedge funds, where reporting requirements were too 'soft'.