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.
Do not panic - banks have always failed...
Research by Dr Adrian R Bell, Professor Chris Brooks and Dr Tony Moore at the University of Reading's ICMA Centre has established clear parallels between the events of King Edward I's time in the late 13th century and today's credit crunch.