No-one can know the size of the Brexit divorce bill, and it won’t be finalised until 2028, or for decades after that

Two of the key patagraphs in the Withdrawal Treaty itself

Published on 20 July 2021

What are HM Treasury and the EU playing at? Their dispute rumbles on over whether the Brexit divorce bill is the EU’s estimate of £41bn or HM Treasury’s (or rather the Office for Budget Responsibility’s) of £35-39bn.

The discussion feels phoney. The quoted […]

How worried should we still be about the Brexit divorce bill?

This is the actual agreement…

Published on 19 July 2021

Below is the text of an article we had published on CapX last week about the bunfight between HM Treasury and Brussels on the supposed size of the Brexit divorce bill: in short, neither of them can know for sure what it is because of the loopholes […]

The ECB and the PEPP: why are the credit ratings of EU/Eurozone public sector issuers inflated by as many as four notches?

Published on 26 April 2021

The discussions and calls following the launch of my Bruges Group paper “The ECB’s Pandemic Emergency Purchase Programme” surfaced two areas for further examination.

One was the “pot calling the kettle black” issue: why is the UK structurally and materially in a superior position (even if we have the wrong direction-of-travel and […]

ECB and its PEPP programme: why are we doing a better job in the UK?

Published on 26 April 2021

I have been in a lot of calls since the launch of my Bruges Group paper “The ECB’s Pandemic Emergency Purchase Programme”.

Two issues keep coming up and so I have decided to write two notes on them.

This first one comes down to the pot not calling the kettle black. Or, […]

Video – ECB Pandemic Emergency Purchase Programme

Published on 17 April 2021

Walk-through of newly-issued Bruges Group paper on the ECB PEPP programme – the epitome of the failure of the euro.

PLEASE CLICK THIS LINK TO PLAY…

The ECB’s Pandemic Emergency Purchase Programme – epitome of the failure of the euro

Published on 12 April 2021

We have had a new paper published through The Bruges Group.

It is about the ECB’s new QE programme, called the PEPP or Pandemic Emergency Purchase Programme.The sub-title of the paper encapsulates it very nicely: “the undermining of the Eurozone as a free financial market, the epitome of the failure […]

The Great EU Budget Deception – the 9th Brexit Paper published by Global Britain

Published on 28 August 2020

We have had another paper in the Brexit Papers series published by Global Britain.

It is subtitled “The EU 2021-2027 Multiannual Financial Framework and Coronavirus Recovery Fund: a dagger aimed at the Republic of Ireland, or a con trick on all EU citizens and on financial market investors?”

It is […]