Lyddon Consulting Services Limited
We are a blue-chip specialist consultancy in international banking, focusing on matters related to the core domain of Payments and Cash Management. That leads to market change aspects such as the Euro, how to implement a change of currency, Single Euro Payments Area, and new services such as Bank Payment Obligation, and SWIFT for Corporates.
It also leads into the regulatory domain and measures such as Payment Services Directive, Anti-Money Laundering Directives, and regulations around cards, mobile, eMoney and mandatory information in funds transfers.
At Lyddon Consulting you will find find both methodologies and training packages to meet your needs and support your change programmes.
Latest posts
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, and using year-end 2021 figures.
The total, […]
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 Public Sector Net Debt.
There is a […]
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 any organisation lowers the rights and […]
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 the European corridors of power drowns […]
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 extensive empire and it goes well […]
‘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 Election manifesto.
https://www.reuters.com/world/uk/uk-agrees-deal-join-eu-ukraine-support-loan-scheme-2026-07-13/ accessed on […]
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 achieve high growth.
Now it is public […]
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 at which the fund’s future liabilities […]
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 reports might make one conclude that […]