Nick Corbishley

Bank of England Warns of Record Slump in Standard of Living, As It Hikes Interest Rates for Second Time in Two Months

The BoE’s decision to implement back-to-back rate hikes, for the first time since 2004, heaps yet more pressure on stretched household finances and struggling businesses…More

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Almost Half of Spain Is Now Vaccine Passport-Free (At Least for Domestic Uses)

Catalonia becomes the third region in two weeks to drop the digital vaccine certificate. Four regions, including the Community of Madrid, never implemented it for domestic use… More

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Financialization of Housing in Europe Is Intensifying, New Report Warns

Since the Global Financial Crisis residential property in European cities has become an attractive asset class for financial institutions, many in the U.S. The virus crisis has merely intensified this trend…More

Citi’s Hurried Exit From Mexico Just Hit a $5 Billion Snag

An eight-year court case in Mexico involving the New York lender remains unresolved. And it could take another two years to reach a settlement.More

Opposition Rises to NHS Vaccine Mandate, As Justifications for Mandate Run Out of Logic

With Omicron evading the current crop of vaccines with effortless ease and the UK Government withdrawing most other virus-control measures, there is no rational justification for vaccine mandates for healthcare staff. More

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As Citi Prepares to Leave Mexico, the Hunt Is On for Its Assets

Big global lenders, including Spain’s Santander and Canada’s Scotiabank, are interested, but Mexico’s President Lopéz Obrador would prefer the country’s third largest bank to pass back into the hands of Mexican owners…More

Remittances Soar to Record High in Latin America, Providing a Lifeline for Desperate Economies

Remittances are a vital source of income and foreign currency for many countries but are no substitute for home-grown development…More

Mexico City Grapples With Acute Water Shortages, As “Day Zero” Approaches

Unless dramatic steps are taken, one of the world’s largest cities could face “Day Zero” — when supplies of water run so low that government must begin rationing the precious liquid — as early as 2028…More

Why Is the UK’s National Health Service Being Run by Former Bankers?

This forms part of a growing trend in which bankers and central bankers are taking up positions of influence within government beyond their traditional bailiwicks…More

As Debt, Inflation and Hunger Rises, Latin America’s Fate Lies Once Again in Wall Street’s Hands

We’ve seen this movie before and it rarely ends well…More