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Michael Lloyd
There is much current discussion about the relationship between the US-led West – including the UK – and China. Diplomatically it is phrased as “how to meet the challenge of China”, or, in EU parlance, China is a “systemic rival”. However, there are darker tones being used in recent political discussions of the portrayal of...
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Leaving aside the overblown rhetoric and repetitious structure of the document, the recently published UK strategic defence, security, and foreign policy review (SDSFR), Global Britain in a Competitive Age,1 is likely to encounter criticism from various quarters. This is perhaps not surprising as, having divorced itself from the EU via Brexit, the UK, now only...
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Central Banks are attacking crypto-currencies. An example is Frank Elderson, who is Vice-Chair of the Supervisory Board of the ECB, recently (March 16th) said that: “Crypto-assets are volatile. They lack any intrinsic value and there is no reliable institution backing them.” Some commentators have, users of Bitcoin for example, have argued that this is outdated...
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In January 2020, Christine Lagarde announced that the ECB would be conducting a year-long review process of its monetary policy and remit. Much has happened since its last review in 2004, and GPI has responded to Lagarde’s ambitious agenda. The report reviews the development of ECB monetary policy over the past 30 years and concludes...
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GPI opinion is that the deal is to be welcomed but the process of negotiation shows up inherent weaknesses in EU governance. The approval of the European Commission borrowing facility and the total 1.1 billion Euro 7-year budget indicated a willingness to compromise on the part of all Member States find the necessary funding to...
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The UK government has five months to go before the UK-EU transition period expires. We are being told how, from January 1st, 2021, the UK will be entering a new era of global opportunities. The recently launched government campaign slogan is “UK’s new start – let’s get going”. In this new era Britain will prosper...
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We appear to have entered a new Cold War between the US and China. There are a number of fronts across a widening battlefield. One of them concerns the issue of the provision of 5G equipment to countries, including the UK, by Huawei. The UK government appeared to have taken the decision, advised by its...
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Media commentators’ concern over the German Constitutional Court (BVG) ruling on the European Central Bank’s (ECB) Public Sector Purchase Programme (PSPP) appears to have been replaced by concerns over the consideration by the Bank of England over the potential introduction of negative interest rates, another of the ECB’s monetary policy instruments. However, the implications of...
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In this book Michael Lloyd discusses the relations between populism, nationalism, democracy, and federalism. The book analyses the nature of populism, its characteristics, and its attractions to wide swathes of national populations. Nationalism is linked to the innate tribalism of human societies. The emergence of the nation-state is discussed in the context of humankind having...
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There is a great deal of misleading discussion across the media and, indeed by MPs and government ministers, about the constitutional failure of the government and of parliament. The May-led government has undoubtedly made catastrophic misjudgements in its desire to hold together an almost irretrievably fractured Conservative party in attempting (and so far failing) to...
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About the GPI

The Global Policy Institute is a research institute on international affairs. It is based in the City of London, and draws on both a rich pool of international thinkers, academics as well as policy and business professionals. The Institute gives non-partisan guidance to policymakers and decision takers in business, government, and NGOs.

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