Avoid Britain’s big banks

In this week’s interview, I talk to Dr Pippa Malmgren, financial policy expert and former adviser to George W Bush.

She’s full of interesting thoughts on inflation and the velocity of money. But one thing we touched on that I would like to have spent more time on was the ongoing failure of our banking system to fulfil its usual purpose – lending money to individuals and companies.

In the UK, we hear endless complaints from smaller and medium-sized companies about how hard they find it to borrow money. Either they can’t get it at all, or they can’t get [...]

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