International news coverage for new SPERI paper on the UK Finance Curse
The UK’s Finance Curse? Costs and Processes by Andrew Baker, Gerald Epstein and Juan Montecino has been covered extensively in Le Monde, The Guardian, Financial Times and The Independent amongst others.
The coverage includes:
The Guardian – long read article by Nick Shaxson
The Independent – report by Ben Chapman
“La malédiction de la finance” étouffe l’économie (“The curse of finance” stifles the economy)
Le Monde – report by Eric Albert
Financial Times – op-ed article by Nick Shaxson (£)
The paper suggests that the total cost of lost growth potential for the UK caused by ‘too much finance’ between 1995 and 2015 is in the region of £4,500 billion. This total figure amounts to roughly 2.5 years of the average GDP across the period.