Tag Archives for exchange controls

Capital controls are back on the agenda – but why did Britain scrap them in the 1970s?

Labour and Conservative governments in the 1970s abolished exchange controls and the reasons don’t just lie in free market ideology. Unhindered capital mobility – once understood as an unassailable feature of the modern global economy – has recently been called into question. While The Telegraph’s scare headlines may exaggerate things (‘How to protect your money from Corbyn’s threatened capital controls…’), … Continue reading

7 December 2017 by
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