Apparatus for UK’s financial management is dead in the water

Blog published on 18 August 2022 based on an article published on www.facts4eu.org on 12 August 2022

A major change in the financial management of the UK is needed. The current upsurge in inflation may have been triggered by energy prices, but the seedbed for it has been in the creation since the Global Financial Crisis […]

Promised legal protection for cash is a further nail in its coffin

Published on 23 May based on an article first published on News Uncut on 21 May 2022

The Queen’s Speech, delivered on 10 May 2022, promises legal protection for access to physical cash. The protection is to be afforded in a new Financial Services and Markets Bill (the ‘Bill’). One might be forgiven for believing that […]

Architect of Test and Trace turns to reorganising UK’s payment systems

This article as it appeared on CommentCentral on 4 August 2021

Published on 4 August 2021

A certain David Pitt, fresh from his triumphs as Chief Operating Officer of Test and Trace, has been appointed as Chief Executive Officer of Pay.UK, the company responsible for the UK’s main payment systems.

This is not a joke, although the timing […]

UK’s New Payments Architecture now to be a bungalow

Title page of PSR’s latest emission on the scope and tendering process for NPA

Published on 30 July 2021

What started out as a Temple of Solomon to revolutionise the UK’s payment systems will now be reduced to a more manageable bungalow-sized development. Multiple layers collapse down to one.

The
UK’s Payment Systems Regulator (PSR), who started this show […]

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

Published on 9 February 2021

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 […]