Although Treasure Islands was indeed, as the Financial Times points out, “meticulously researched,” such a groundbreaking book inevitably contains errors. I’m heartened that reviewers have so far failed to knock down any of the book’s arguments. Most of the errors I’ve identified in the UK edition occurred in the City of London chapter, though the core analysis of the chapter remains sound. The main disputes revolve around whether or not you think the UK should have such a large and powerful financial sector. This page provides an overview of the points where I accept changes need to be made, at least to earlier editions.
Things change, too, and on occasion it’s important to provide updates to things that are in the book. I will put a few of the most salient things here too.
Nov 9, 2011 - Update: The City of London Corporation – some new questions
Nov 6, 2011 - The City of London Corporation: some initial thoughts. Some updates, for clarification purposes.
July 28, 2011 - Corrections - Jersey: Updates. A couple of inaccuracies about transparency of political processes in Jersey, which were true during the period discussed but are no longer the case.
March 15, 2011 - Correction: Paul Tucker. On Page 173 of the UK edition, and p200 of the US edition, there’s a reference to Paul Tucker of the Bank of England. I shouldn’t have included his quote, as it’s a red herring, I think. This error doesn’t damage my thesis in any way – but it may confuse some people. Apologies for any confusion.
Feb 16, 2011 - The City’s Cash – an update. The City lets in a little bit of light. The City’s Cash may not have been quite as large as some had suspected.
Feb 08, 2011 – Corrections: The City meets a naughty schoolboy. City of London Corporation reacts to Treasure Islands, and sets me straight on one or two elements.
Jan 11, 2011 – A Benn mini-Bungle - on something I ascribed to Tony Benn in the UK edition, when I should have ascribed it to one of his constituents.