What 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 time to scale up our actions together. Read on for a roundup and the exciting plans in store...
Global debt has more than doubled in the last 15 years; and according to the International Monetary Fund (IMF), it’s the highest it’s ever been.
In 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:
"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.