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News

The collapse of Carillion: a conspiracy of optimism?

17th January 2018

Monday 15 January 2018 saw the final collapse of Carillion, the behemoth construction firm. Ultimately, the company was forced into liquidation as it was unable to service debts which had spiralled to over £1 billion while its market capitalisation was in freefall. The post-mortem into the company’s demise is at a very early stage, although […]

News

Improbable ≠ Impossible

15th January 2018

When you have eliminated the impossible, whatever remains, however improbable, must be the truth. So wrote Arthur Conan Doyle in his Sherlock Holmes novels. Holmes’ approach to crime-busting was simple: develop a set of potential answers and then evaluate them with each and every piece of evidence he could find. Starting with a broad set […]

News

Rethinking Risk

4th December 2017

In February 2015, a truck careered down Lansdown Hill in Bath due to faulty brakes. Tragically, four pedestrians lost their lives in the carnage that ensued. In the subsequent court case, the mechanic cited as responsible for “wholly inadequate safety checks” received a five-year jail term.  However, the company owner received a longer jail term […]

Finance

Budget Month

2nd November 2017

November is budget month for the UK government.  And before the Chancellor carries his famous red budget briefcase from 11 Downing Street to the House of Commons on November 22nd there is plenty of lobbying and positioning to be done by Ministers.  As is now customary for the season, government departments are already pleading special […]