New data shows that growth in house prices is outpacing growth in wages. However, reports suggest that low interest-rates are making housing in the UK more affordable. Is housing really more affordable, or are there some missing pieces to this analysis of the UK housing puzzle?
Positive Money's campaign for a money commission received a huge boost last week as Douglas Carswell tabled an amendment to the Bank of England Bill. If Mr Carswell's amendment is successful, a commission would be set up.
Positive Money advocates a shift away from the current ‘debt-based’ monetary system, in which almost all money is created by commercial banks when they make loans, to a ‘sovereign money’ system in which only the central bank is able to issue new money. In the past, we’ve described sovereign money as ‘debt-free money’, because it is spent into the economy without any household or firm taking on further debt.