UK voters face an historic choice between remaining within the EU or leaving and seeking a different type of involvement in the world economy. Such an alternative is clearly possible: the UK has many advantages in an international context as a result of its historical alliances and involvement...

This paper considers recent experience and proposals for enabling shocks to the banking system to be absorbed without the need for taxpayer funded bailouts. The paper argues that guarantees have an important but limited role to play in the financial safety net, when the operation of financial...