Positive Money at the Labour and Conservative party conferences (Video)
11 October, 2016Positive Money is putting monetary policy on the political agenda. This was in evidence at the political party conferences this year, where we brought together all-star panels in packed-out rooms to talk about the need for a new form of monetary policy. We found widespread agreement that quantitative easing is having damaging side-effects, that current [...]
Theresa May’s conference speech: our reaction
5 October, 2016Positive Money response to Theresa May’s comments on quantitative easing In response to Theresa May’s keynote speech at the Conservative conference, in which she signalled a change in the government’s approach to monetary policy, Executive Director of Positive Money, Fran Boait said: “We welcome Theresa May’s confirmation that QE has had harmful side effects which [...]
Monetary policy risks provoking political backlash, campaign group tells MPs
15 September, 2016The Bank of England’s quantitative easing programme risks prompting a catastrophic loss of public trust in how the UK economy is managed, Positive Money warns. The campaign group’s director said that the public will “rapidly run out of patience”, as QE drives up inequality and effectively provides a subsidy to foreign-owned corporations. The group’s intervention [...]
Positive Money’s Fran Boait reacts to Bank of England announcement
4 August, 2016Fran Boait, Executive Director of Positive Money, commented on the Bank of England's latest announcement that it will cut interest rates and restart its quantitative easing programme. She said, “The Bank of England's measures are unlikely to be effective in supporting growth, and will exacerbate some of the structural problems facing the UK economy. There was [...]
Will the new PM make sure monetary policy works for everyone?
14 July, 2016With Theresa May suddenly catapulted into Number 10, the world of finance is trying to calculate what the new government means for the management of the UK economy. Before the dramatic events unfolded, the soon-to-be PM hinted that a government under her leadership might adopt a different approach towards monetary policy. In a Times article [...]
Review of the Bank of England to be wound up
30 June, 2016David Blanchflower announced yesterday that he intends to wind up his review of the Bank of England, which was commissioned by the Shadow Chancellor John McDonnell last year. Blanchflower is a former member of the Bank of England's Monetary Policy Committee, and had sat on Labour's economic advisory council. Positive Money welcomed the review because [...]
Support for a Money Commission is growing
2 June, 2016We need a money and banking system that works for me and you. Today we depend on increasing levels of debt, pushing up house prices and driving inequality, to keep the economy afloat - but tomorrow could be different. I believe a Money Commission is an important next step to get us there. A couple of [...]
Update on the Money Commission amendment
19 April, 2016Over the past week, Positive Money supporters have been calling on their MPs to support the setting up of a Money Commission via an amendment to the Bank of England Bill. We had hoped that the amendment would be discussed in the House of Commons today. Unfortunately, we’ve just learned that the sponsoring MP is [...]
The Money Commission amendment will be debated in Parliament
14 April, 2016Success! We have just heard that the Money Commission amendment will be debated in Parliament next Tuesday- on the 19th April. Thousands of us emailed our MPs asking for their support - and it has paid off! This is a major breakthrough - but there is still a lot of work to be done. We [...]