Archives for category: Economics

For the past two months President Umaru Yar’Adua of Nigeria has been in Saudi Arabia receiving treatment for a suspected heart condition. Whilst out of the country repeated stories have coursed through the British media pertaining to the alleged deterioration of governance and social order, an increase in militancy in the Niger Delta and an ever worsening constitutional crisis.

Finding myself in a struggle to get a true picture of events that have and are continuing to unfold, I recently asked a friend in Nigeria to give an in country perspective on goings on. Read the rest of this entry »

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Friday night saw the airing of the second part in the BBC’s four part serious charting the history of the Royal Navy in respect to it’s relevance in shaping our country’s rich history.

As our host Dan Snow swam through the years, we were transported back to the waters off western France in 1690. Having lost 100 merchant navy ships carrying an entire year’s worth of British trade, King William III launched into a long term strategy to build the worlds biggest navy. By 1759, with the help of her citizens, Britannia ruled the waves.

The scheme that was launched saw the government offer fixed interest returns for all monies invested into this new institution, The Bank of England. For their wares, investors would receive an annual interest of 8pc. Britons, from bricklayers to bankers to the Royal Family dug into their pockets and invested in the country’s future. In spending this money building hundreds of battle ships within our shores, industry was born in the UK. With secure exportation of trade guaranteed by our brand spanking Navy, tax coffers were filled and the government was cordially able to return all monies to her benefactors. The British Empire had arrived.

Last week in Haiti, just across the water from the site of one of the British Navy’s most decisive victories – the Battle for Porto Bello, we saw the incomparable destruction of a country by natural means. Read the rest of this entry »

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