Audit Committee Effectiveness and Discretionary Revenues: Evidence from the UK after the 2008 Financial Crisis

Author(s):  
Jihad AL Okaily ◽  
Robert Dixon ◽  
A. Salama
2017 ◽  
Vol 16 (4) ◽  
pp. 659-668
Author(s):  
Ian Fitzgerald ◽  
Rafal Smoczyński

This article provides a reflection on the period since the May 2004 Central and Eastern European (CEE) accession and subsequent migration to the UK, and on shifting perspectives of and towards CEE migrants in this period. The authors have been researching this phenomenon in the North of England since 2005 through a series of studies as well as ongoing engagement with regional respondents. CEE migration is analysed through the perspectives of government, employers and trade union interests. A central argument is that attitudes to CEE migrants changed following the 2008 financial crisis as funding for local authorities was reduced, obscuring evidence-based arguments for their value to the UK labour market.


2021 ◽  
Vol 10 (2) ◽  
pp. 95-101
Author(s):  
Amr Saber Algarhi ◽  
Alexander Tziamalis

We use quarterly data from 1955 to 2019 to examine the performance of Conservative and Labour administrations in terms of real GDP growth in the United Kingdom. To account for fiscal lags in the legislation and implementation of new policies by each administration, we explore up to lag 8 in addition to an overlapping technique. Our main finding is that the UK economy has grown with a similar pace under both parties, however Labour governments seem to do better in tackling recessions and achieve a more consistent performance. Labour’s advantage becomes more pronounced if we discount the effect of a large external shock, the 2008 Financial Crisis.


2020 ◽  
Vol 4 (2) ◽  
pp. 66-77
Author(s):  
Francesco Di Bernardo

‘We want what you have’ is the most emblematic sentence in Lanchester’s Capital: it is printed on a postcard left in the houses of Pepys Road and evokes the spectre of house repossessions followed by the 2008 financial crisis. Conversely, in literature the repossession by definition is that of Faust’s soul by Mephistopheles. Ian Watts (2006) tracing the origins of the Faustian myth recounts the historical and fictional roots of the myth and affirms that that Faust represents the ‘unrepentant individualist’. Faust’s unstoppable desire to achieve his own interests by any means is eventually the cause of his own ruin and perpetual damnation. The financial crisis started in 2008 in the UK revealed the fallacy of the “alchemic” dream of the deregulated finance to constantly generating wealth through dubious gambling practices. The result of that individualistic and greedy pursue of wealth is the current economic and social crises. In this paper I will investigate how the parable of greed, success, crisis and final ruin is represented through Faustian echoes in Coe’s The Terrible Privacy of Maxwell Sim and Lanchester’s Capital. I will focus specifically on those characters and sections of the novels that revoke the Faustian parable in the context of the representation of deregulated finance.


2020 ◽  
pp. 258-288
Author(s):  
Stephen Wall

As Prime Minister, Gordon Brown practised a form of muscular inter-governmentalism, often creating largely invented conflicts with EU partners to demonstrate toughness. He played a positive role in the EU in the 2008 financial crisis. His successor, David Cameron, had hoped to stop the Conservative Party from ‘banging on about Europe’, but the issue of Europe rose in prominence as immigration from the EU became a part of the UKIP threat. The Cameron-led coalition changed the law to provide for referendums on major treaty transfers of powers to the EU. By 2012, Cameron had become convinced of the need for an ‘in’ or ‘out’ referendum. He was caught between insisting that the EU needed to reform and his simultaneous argument that the UK had a vital national interest in remaining a member. His renegotiation was discounted in the Press and by the public.


Author(s):  
Michael Harris

What do pure mathematicians do, and why do they do it? Looking beyond the conventional answers, this book offers an eclectic panorama of the lives and values and hopes and fears of mathematicians in the twenty-first century, assembling material from a startlingly diverse assortment of scholarly, journalistic, and pop culture sources. Drawing on the author's personal experiences as well as the thoughts and opinions of mathematicians from Archimedes and Omar Khayyám to such contemporary giants as Alexander Grothendieck and Robert Langlands, the book reveals the charisma and romance of mathematics as well as its darker side. In this portrait of mathematics as a community united around a set of common intellectual, ethical, and existential challenges, the book touches on a wide variety of questions, such as: Are mathematicians to blame for the 2008 financial crisis? How can we talk about the ideas we were born too soon to understand? And how should you react if you are asked to explain number theory at a dinner party? The book takes readers on an unapologetic guided tour of the mathematical life, from the philosophy and sociology of mathematics to its reflections in film and popular music, with detours through the mathematical and mystical traditions of Russia, India, medieval Islam, the Bronx, and beyond.


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