“QE for people” demo at the Bank of England (Video)
8 November, 2016On Thursday 3rd November 2016 Positive Money supporters gathered at the Bank of England and sent a clear message to the people who decide the UK’s monetary policy, as they made their way into their monthly meeting: We spoke and they listened! We said it’s not ok that the Bank of England is spending £10bn [...]
Why Theresa May is only half right: The real problem with the Bank of England (Newsweek)
5 November, 2016It's time for a more radical approach to quantitative easing, writes Fran Boait in Newsweek, 2nd November 2016. Here's a short extract: If central banks are picking corporate bonds to buy with the newly created money, why can’t it try harder to get that money directly into the real economy? Rather than pump money into financial [...]
QE makes the rich richer! (CNBC Video)
4 November, 2016On CNBC, on Thursday 3rd November 2016, Positive Money’s Director, Fran Boait, explained what's wrong with what the Bank of England is doing: Sign the petition calling for the Chancellor to give the Bank of England the means to target the money at people, not financial markets. Positive Money groups around the UK are hitting [...]
UK citizens could have received £6,834 each
2 November, 2016In response to potential economic uncertainties arising from the recent Brexit vote, the Bank of England announced it would be expanding its Quantitative Easing (QE) programme. Over the next 6 months it will be pumping an extra £70bn of new money into financial markets – bringing QE to a total £445bn. But from 2009 to [...]
QE for people, not financial markets!
1 November, 2016The Government and Bank of England have launched a major programme that is making the rich richer and unfairly benefiting tax-dodging corporations. They are trying to grow the economy by creating £70bn of new money and pumping it into financial markets. But we know this will: Lead to more debt Worsen the housing crisis Increase the [...]
Our campaign’s making waves
27 October, 2016What an exciting and busy month it’s been for the Positive Money campaign! Events, media interviews, and our messages straight to MPs - together we’re putting monetary policy at the heart of the political agenda. With the Prime Minister saying that “change has got to come” on monetary policy, we know now is a key [...]
How will changes from the Bank of England (not) help you? (Infographic)
20 October, 2016Well, that's embarrassing! The Bank of England published this infographic about their £445 billion Quantitative Easing programme on their website. But they forgot to mention a few important things, so we've made some corrections for them... (click the image to enlarge it) Learn more about the alternative here and sign our petition here.
Positive Money response to Mark Carney’s comments on the falling pound
14 October, 2016In response to Mark Carney’s remarks at a news conference in Nottingham, in which he said that the Bank would be prepared to tolerate a rise in inflation above 2%, Executive Director of Positive Money, Fran Boait said: “In confronting the threat of rising inflation, the Bank is in a bind. By raising rates, it [...]
Monetary policy has an enormous impact on politics. It’s time for a radical rethink (The Guardian)
12 October, 2016"Theresa May knows monetary policy isn’t working. QE is increasing inequality, and low interest rates aren’t the solution", writes Fran Boait in the Guardian, 12th October 2016. Here's a short extract: It’s becoming clear that monetary policy has impacts that are of enormous political significance, and it isn’t being closely scrutinised by parliament. At a parliamentary [...]