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.
You might also like
New study: sustainability ratings are a reliable indicator of countries' solvency
31 October 2013
Munich, 16 October 2013 – There is currently a high level of uncertainty on the international financial markets, due to the budget dispute in the USA surrounding the proposed raising of the borrowing limit. The markets are waiting with bated breath to see whether the Democrats and the Republicans will be able to agree on raising the debt ceiling, which currently stands at just under 17 trillion US dollars. The key question for investors is whether the USA and other countries will be able to pay back the debts they have taken on or whether, as in the case of the debt cut in Greece, they can expect to see losses on their investments. A recent study based on sustainability rating agency oekom research’s country ratings shows that sustainability ratings are a reliable indicator of countries’ solvency and that taking sustainability ratings into account allows investors to make a better assessment of the overall risks.
ICMA Centre Industry Insights
23 January 2014
We are pleased to announce our new seminar series ICMA Centre Industry Insights running during the Spring term.
Welcome Day 2012
2 October 2012
We were really pleased to welcome our 19th postgraduate student cohort to the ICMA Centre last Friday. Even the sun came out as if to celebrate the arrival of our new students who had arrived from 38 different countries.