Tag: The New Daily

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Their assets are mostly loans to people and businesses, which can’t be used by the banks to invest in renewable energy. They can decide not to lend money for new coal mines, which they have already done, but they can’t tell their customers what to do. That’s because investors have a longer-term focus than politicians, […]

Some are comparing it with the 1992 attack on the pound by speculators led by George Soros, which forced the Bank of England to “let the pound go”, that is, to give up defending it, defeated. But there’s a big difference: In 1992, the Bank of England was using its foreign exchange reserves, and they […]