The Bank of England will announce its latest interest rate decision later today. The monetary policy committee, including departing Deputy Governor Charlotte Hogg, is expected vote to keep rates just above zero.
Archive for 2017
What an exciting few weeks for the Positive Money campaign! Rounding off this morning with this full-page splash in the local newspaper of the Chair of the influential Treasury Select Committee of MPs. Here’s our crowd-funded advert in the Chichester Observer last week:
With this week’s budget, the Chancellor doubled down on a failed economic model. The government will continue cutting spending into the next parliament, and earlier this week, it was revealed that the Treasury has asked most departments to find an extra 6% of savings.
An interesting paper by Ulrich Volz on the role of central banks in enhancing green finance was published recently, originally on the UNEP website.
It’s hard to believe, but over the last few years, the government has let the Bank of England pump billions of pounds to the very richest, while inflicting cuts on the rest of us.