The recent release of the Panama Papers, the largest cache of confidential documents ever released to the media, has given people an unprecedented look into the workings of the financial dealing rooms of the world. The release, from the world's fourth largest offshore law firm Mossac Fonseca, has already implicated many of the world's leaders and lead to the resignation of Icelandic Prime Minister Sigmundur Davíð Gunnlaugsson. But, what does this tell us about the involvement of the UK economy in tax havens. In this piece Tony Norfield, author of The City: London and The Global Power of Finance, analysis the connections between the UK and tax havens.
Wolfgang Streeck, director of the Max Planck Institute for Social Research in Cologne and author of Buying Time: The Delayed Crisis of Democratic Capitalism and the forthcoming How Will Capitalism End? reviews Jürgen Habermas's The Lure of Technology, his new book on the crisis of the European Union.