The Brexit bill and England's history of defaulting on payments
Boris Johnson threatened to withhold UK's Brexit bill. But defaulting on payments owed to European creditors is not new for the UK and dates back to Medieval England.

Previous research conducted by Professor Adrian Bell, Professor Chris Brooks and Dr Tony Moore looked at credit finance in the Middle Ages.
In their latest article for The Conversation, they discuss the repercussions of not paying the Brexit bill and learnings from history. Read the full piece here.
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Dr Ioannis Oikonomou and Professor Chris Brooks’ work on the connection between firm sustainability and the pricing of corporate bonds was recently honoured with the Outstanding Publication Award from the Financial Review academic journal.
Learning from the Competition
ICMA Centre Visiting Fellow Dr Keith Arundale was featured in the November 2018 issue of the ICAEW’s Corporate Financier magazine. The article “Learning from the Competition” was based on Keith’s PhD research into the difference in investment practices of European and US venture capital firms and in their structural characteristics and the wider environment in which the firms operate, including cultural differences and attitudes to risk. Keith’s thesis is that these differences contribute to the lower historic performance of European VC funds compared to US VC funds.
ICMA Centre announces new Ambassador Scholarship
This week the ICMA Centre at Henley Business School announced the launch of its new Ambassador Scholarship. Offering a very substantial £10,000 against fees, this scholarship includes an ambassadorial role that will provide students with valuable skills and experience to add to their CV.
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