What is SWIFT? Screenshot of its homepage
Published on 26 February 2022
As already published on Facts4EU and Brexit-Watch
It has been reported that Chancellor Scholz has rejected the proposal that Russia be cut off from the SWIFT system as a punishment for its invasion of Ukraine. The Guardian has disseminated misinformation that it would anyway do little […]
Published on 26 February 2022.
Article previously published on Brexit-Watch.org on Friday February 18 2022.
Recent news coverage of the football clubs Derby County, Newcastle United and Bolton Wanderers has slightly lifted the veil on the murky financial jiggery-pokery of the English football industry but it goes nowhere near far enough. Further research since my first article […]
Published on 17 February 2022
We have compiled an analysis of the British Business Bank’s investment in Bolton Wanderers via its ‘Future Fund’.
Many questions remain open, such as how much the general public has invested, what shareholding we own, and what rights and obligations are associated with it.
Some of these points are academic: the original £5 […]
First published on brexit-watch.org
Published on 14 February 2022
Doubts have recently been raised about the financial competence of those who manage the national finances on behalf of all of us. The Chancellor Rishi Sunak has – belatedly some would say – come under fire for the losses to fraud through his Bounce Back Loans scheme: the […]
Most of my contribution appeared on Facts4EU.org
Published on 11 February 2022
On the second anniversary of the UK’s leaving the EU, it was worth relecting on what had been gained, even if Theresa May and now Boris Johnson could claim very little credit for it.
Here were my First Eleven of benefits, which made up the bulk […]
First published on en.irefeurope.org
Published on 8 February 2022
In recent times, the EU authority has been challenged by Romania and Poland, both of whom have asserted the primacy of their domestic laws over EU treaty law in certain areas. Hungary is also a well-known thorn in its side. Given these threats, and the reputational sleight of […]
This article was first published on brexit-watch.org
Published on 4 February 2022
Facts4EU.Org has revealed that the EU, in Christmas week, floated the concept of new taxes to bring in an amount of €380 billion between 2026 and 2030, of which €85 billion would flow to Brussels. €247 billion of the new taxes are carbon-related, and €133 […]
Published on 12 January 2022
We have responded to the Payment Systems Regulator’s latest consultation on APP scams.
Their proposals continue the same, failed direction-of-travel as hitherto.
This problem could be solved, and completely, by legal changes that row back on EU payments legislation in the form of the 2017 Payment Services Regulations (based on the EU Payment […]
TARGET2: scale of invisible Eurozone liabilities demands action by global financial regulators
Published on 12 December 2021
We recently had a blog published by Politeia about the lack of transparency in the accounting for the debts of EU/Eurozone member states. The member states’ contingent liability to backstop the debts of the EU is an example. Member states […]
Published on 10 December 2021
The Eurosystem’s balance sheet now shows that its assets of €12 trillion exceed the Eurozone’s 2020 GDP of €11.4 trillion. This is attributable to the emergency response to Covid by the European Central Bank (ECB), who both created the Pandemic Emergency Purchase Programme (the PEPP), extended the programme of unsecured loans […]