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Comparison table of UK Finance Report – “Future-ready payments 2030: a dynamic, purposeful and united agenda for the UK”, February 2021

UK Finance’s report on the future of UK payments

We have compiled a comparison table between the plans for UK payments as foreseen by:

UK Finance’s “Future-ready payments 2030: a dynamic, purposeful and united agenda for the UK”, of February 2021; The Payment Strategy Forum’s “A Payments Strategy for the 21st century: putting the needs of users […]

Target tax-avoiding EU schemes, not Conservative voters, Mr Sunak

Second article based on my interview with the Daily Express
about tax avoidance and state aid by companies using bases in Ireland and
Luxembourg to trade into the UK…


Ending EU tax loopholes could save Britain £15 BILLION every year – ‘We’ve been pillaged!’

My interview for the Daily Express with Ciaran McGrath on the abuses and state aid used to deny the UK exchequer billions of pounds of tax revenues on UK sales:


Vaccine immunity can move P2P shocker – Irish border to be closed

Storm clouds gather for the Northern Ireland Protocol

From our special European correspondent Hieronymus Graf von Lupin-Bridgerton

EU officials moved today to close the Irish border in
response to the shocking revelation that COVID-19 immunity can be passed
person-to-person, from one who has received the vaccination to one who has not.

Tests carried out at Laboratoire Macaroonier in Paris showed
immunity […]

EU “emergency powers” spuriously based on TFEU Article 122

This is the paper in which I explored the misuse by the EU of Article 122 in the Treaty on the Functioning of the European Union in order, in this case, to bypass the normal budget process and set up the coronavirus recovery fund, euphemistically re-named as Next Generation EU.

Please click here to download

The powers […]

Mustier walks the plant to enable Unicredit/Paschi merger – over the small matter of a €20 billion valuation gap

From the fiction shelves of any Italian public library…

Jean-Pierre Mustier – the CEO who has restored Faith in Unicredit – is leaving: a bombshell. This demonstrates the desperation of the Italian political and financial establishment to get Monte dei Paschi di Siena (MPS) packed away safely to a domestic institution, and to pacify Brussels by […]

EU borrowings for Next Generation EU contradict representations made to bond investors

There is ongoing dispute about the next EU budget of which the COVID-19 recovery package (“Next Generation EU” or “NGEU”) is a part, on the basis that the money should or should not be tied to adherence to EU diktats in other areas.

A focus on this area is convenient for the EU as a
distraction from […]

TARGET2 Imbalances – analysis of accounting and risk

We visited the Bundesbank in December 2019 to discuss the large imbalances in TARGET2, and to discover how these imbalances were derived from the 600 original account balances.

These are the balances on the 600 nostro and vostro accounts held between the 24 TARGET2-participating National Central Banks and the ECB itself.

We were given the Multilateral Netting […]

Lucky, lucky, lucky – ECB meltdown fell on a Friday

As published on 9th November 2020 by accountingcpd.net

On 20th October the European Central Bank’s main
Euro payments system went down for 8 hours – so lucky it was a Friday.

TARGET2 was down from 14:40 CET until 22:30 CET, supposedly
because of the failure of a network device, and both the hot and warm stand-by
systems failed to take […]

Why SNP want to keep the pound January 2014

You can download our paper “Why SNP want to keep the pound” from January 2014 by clicking this link.