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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Reflections on switching as a regulatory intervention
In certain sectors - notably banking, energy and telecoms - customers are exhorted almost continuously to consider ‘switching’ supplier. Organisational structures have been developed to facilitate switching and the strategy of switching tends to be strongly supported by the regulator in those industries. For example, over 40 UK banks and building societies now participate in the ‘Current Account Switch Service’ run by the payment service, Bacs. In the energy sector, there is an ‘EnergySwitch guarantee’ and the regulator (Ofgem) provides advice on how to switch to a new supplier, as does Ofcom for the telecoms sector.