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…
Debate on quantitative easing in the UK Parliament
On Thursday 15th September, the House of Commons debated the new £70bn Quantitative Easing programme for the first time since it began in August. Nearly every MP got an invitation to the debate from a Positive Money supporter. It was a well-informed debate, and most of the MPs there highlighted that QE has exacerbated wealth inequality. Read more about it and watch the video here.
Positive Money at the Labour and Conservative Party conferences
Fran and David from the Positive Money team brought together all-star panels in packed-out rooms to talk about the need for a new form of monetary policy. At the Conservative Party conference in Birmingham, we discussed “Monetary Policy After Brexit”. The theme at the Labour Party conference in Liverpool was “The Bank of England under a Labour Government”. Read more about the events and watch the videos here.
Positive Money in the media
Positive Money director Fran Boait was interviewed on BBC Newsnight and BBC World Business Report.
Business Insider, Bloomberg and RT reported about our campaign ‘Create money for people, not financial markets’. And Fran’s articles were published in the Prospect Magazine and in the Guardian. Pictures of Positive Money supporters at our campaign launch outside the Bank of England have also featured in several national newspapers, most recently the Telegraph.
A national day of Action:
On Thursday, 3rd November, ten local Positive Money groups around the UK are hitting the streets to spread the word about the case for monetary reform. Groups from Hereford to Edinburgh are hosting Positive Money stalls to gather hundreds more signatures on our petition ‘Money for people, not financial markets’. If you’d like to support your nearest local group, please contact them here.
3rd November is the day that the Bank of England’s Monetary Policy Committee (MPC) is having its monthly meeting – the third since its 6-month £70bn QE programme began. So the Positive Money team and supporters in London are gathering outside the Bank of England from 8am. We’ll invite broadcasters and hopefully catch MPC members on their way in. Using big banners and action, we’ll get the message across that their QE programme isn’t working and is increasing inequality! If you’re free on the 3rd, please sign up to join us here.
Petition delivery to the Treasury ahead of the Autumn Statement
Then we’ll take our message straight to the Chancellor. After Theresa May said QE unfairly benefits the rich, it’s likely the Chancellor Philip Hammond will announce a change in the Government’s approach at the Autumn Statement in November.  This means we have a real opportunity to demand that the new policy is one that gets money to people and to get our research right under his nose. So once we’ve worked together to gather more support behind our growing petition, we’ll deliver it straight to Philip Hammond before his Autumn Statement.
Meetings with MPs
Positive Money supporters across the UK are also meeting with their MPs, to make the case for monetary policy that works for people, not just financial markets. Andy in Loughborough had a productive meeting with his MP, Nicky Morgan – she’d heard of the Positive Money campaign and was receptive to our arguments. Well done Andy! Lucian in Stroud is meeting with his MP this week. Good luck Lucian! If you’d like support to set up a meeting with your MP, please email the team at firstname.lastname@example.org
Together we are making a difference.