Introduction
Underline 21st July 2024 in your diaries.
This will be the publication date of the Office for National Statistics data for the UK’s public debt in June 2024.
Barring a turnaround in the direction-of-travel, the debt will exceed 100% of GDP.
UK public finances between January and May 2024
Debt was 99.8% of GDP in May, although for some […]
TSC report headline
Published on 9th December 2023
The Treasury Select Committee has issued report about the Bank of England’s digital pound project, also known as ‘Britcoin’, and a UK ‘central bank digital currency’ or ‘CBDC’.
You can download the report here
Its headlines are:
‘Britcoin’ must be introduced via primary legislation that is subject to full Parliamentary scrutiny, and […]
Cover of the report of the Future of Payments Review
Published on 8th December 2023
We have sent Joe Garner c/o HM Treasury a 5-page letter with our response to the report from the Future of Payments Review.
You can download the letter here
As Lyddon Consulting was cited as one of ‘the more than 100 organisations who contributed […]
Cover of report from the Future of Payments review
Published on 7th December 2023
The report of the Joe Garner review into the Future of Payments has been published.
You can download the report here
It is testament to severe problems in UK payments:
Card fees experienced by merchants are far higher than the cap supposedly imposed by the Interchange […]
Headline on Crown Agents
Published on 26th November 2023
General Ludendorff described the British/Australian/Canadian breakthrough before Amiens on 8th August 1918 as ‘the black day of the German army in the World War’.
The week of 23rd October 2023 could be described as the black week for Fintech.
CAB Payments – the former payments division of Crown Agents Bank […]
The AML gospel according to St JMLSG
Blog published on 8th September 2023 and the content was first published by Global Britain – ‘Jeremy Hunt should be aware – the Financial Conduct Authority has ‘form’ in supporting de-banking’
Things have moved quickly since the breaking of the scandal over the de-banking of Nigel Farage. Dame Alison Rose, […]
Published on 8th September 2023
I spoke briefly on Liam Halligan’s show on GBNews about their ‘Don’t kill cash’ campaign:
https://x.com/gbnews/status/1690990780767166465?s=46&t=UN7HZkpr9JYSbWdGfk-dXA
Published on 7th September 2023
I appeared on Nigel Farage’s show on GBNews on Wednesday 9th August 2023 on the subject of de-banking and the FCA’s letter to 30 or so institutions asking them to lay out who they had de-banked and why. The interview begins at Minute 9:
Published on 29th August 2023
This is my response to the Future of Payments’ call for input.
You can download it here.
The call for input used that terrible cliché ‘payment journeys’, and I re-interpreted that as meaning journeys to a utility room to rinse out and eradicate Retained EU Law and the wider market practices, ways-of-thinking, detriments […]
Cover of JMLSG guidance
Published on 2nd August 2023 where the article was previously published by Global Britain on 1st August 2023
Introduction
The UK’s financial services industry has invented for itself the right to use data providers to identify Politically Exposed Persons (PEPs). The de-banking of Nigel Farage by Coutts/Natwest has shone a light on this regime […]