Ireland – the Manchester City of the European Union

Published on 12 October 2026

Introduction

Manchester City stand accused of working with associated enterprises, all under the ultimate ownership of the rulers of Abu Dhabi, to make their Profit and Loss account look better than it ought to, were all of its dealings with these associated enterprises to have been recorded, and transacted on arm’s-length terms.

Similar […]

Overview of the liabilities of the French public sector – only the EU can provide a lifeline

Published on 7 October 2026

The above is a ‘ball park’ estimate of the total public sector liabilities of France, using the same methodology as was employed in my book ‘The shadow liabilities of EU Member States, and the threat they pose to global financial stability’, published by The Bruges Group in 2023, under ISBN 978-1-8380658-9-8, […]

Rejoining the EU would add an extra £1 trillion to the UK’s already-expanding shadow financial liabilities

Published on 1 October 2026

Summary table of UK’s new shadow liabilities if it were to rejoin the EU for the 2028-34 MFF

The UK’s financial liabilities have been steadily increasing, in addition to the cash actually being borrowed and spent by the UK government. These cash liabilities are our £3 trillion national debt, known as the […]

Associate membership of the European Union is nonsense when the European Union is a ‘maximum harmonisation’ project

Published on 27 September 2026

Introduction

Amidst great fanfare the European Union (EU) pulled out an offer of Associate membership to Canada upon the occasion of the recent visit of Mark Carney, Canada’s Prime Minister, as reported by the BBC in the article featured.

Little further explanation was given of what this offer entailed. An Associate membership of […]

The European Union itself, not Visa and Mastercard, has undermined Europe’s ‘payments sovereignty’

Published on 21 September 2026

Introduction

It has become a new article-of-faith in the EU that Europe needs to reduce its dependence on Visa and Mastercard. This is justified in geo-political terms, on the supposed threat that the US President might decide to cut Europe off from the Visa and Mastercard systems.

The reverberation of this argument through […]

Professor Arday case exposes British public life as being bogus on every level

Published on 10th August 2026, reproducing an article written on 2nd April 2025

You can download this post as a document here.

Background

The enemy of the political Right is the nomenklatura – the extensive network of leftists appointed (by one another) for their political views, not for their competence, into the empire of patronage positions.

This is an […]

‘The Brexit Years Are Over’: Starmer’s Ukraine loan scheme makes UK taxpayers backstop the obligations of Italy and Spain et al in amounts of tens of billions of euro

Published on 9th August 2026 and as previously published by Global Britain on 30th July 2026

Introduction

One of Keir Starmer’s final acts as Prime Minister was to commit the UK to participate in the EU’s €90 billion Ukraine Support Loan scheme. This is part of Labour’s EU Re-set – another part not mentioned in their General […]

Labour’s ‘Public financial institutions’ are built over the graves of New Labour’s high-growth banks and building societies

Published on 5th August 2026

Have you noticed the new crop of financial institutions driving forward with headlong expansion in the North and Scotland under Labour, just as they did between 1997 and 2007?

From 1997 to 2007 it was the non-London banks and the major building societies, showing the sleepy laggards in the City how to […]

What was the aftermath of the Liability-driven investments disaster in 2022? Reliance on high discount rates, as illustrated by John Lewis’ pension fund.

Published on 4th June 2026

Introduction

The John Lewis pension scheme was hit with major losses in 2022. This was largely due to its exposure to Liability-driven investments, or LDIs. Covering the losses sucked in all of its listed investments, leaving the fund essentially as a betting vehicle – will the residual assets return the discount rate […]

A European Capital Markets Union remains light years away

Published on 3rd June 2026

Introduction

Banner headlines on 28th-29th May announced a major milestone towards the creation of an EU Capital Markets Union.

Unfortunately it is little more than a statement of intent, and it will take years to complete even the small steps outlined.

Announcement

Euronews’ version was typical of the way in which events were reported:

https://www.euronews.com/business/2026/05/29/eus-six-largest-economies-push-for-capital-markets-union

The press […]