WHAT’S THE PROBLEM?
Right now the money and banking system isn’t working for most people. It causes house price bubbles, high levels of debt and rising inequality. It lays the foundations for financial crises and it harms our environment. Big banks have too much power and there is a large democratic deficit in the way the Bank of England makes decisions.
To deal with the big social, economic and environmental challenges we’re facing today, we need to reform our money and banking system.
WHAT’S OUR VISION?
Positive Money’s vision is for a money and banking system that enables a fair, democratic, and sustainable economy.
Fair
An economy that isn’t driven by housing bubbles, stock market booms, and a bloated financial sector. Where wealth isn’t concentrated in fewer and fewer hands.
Instead, investment in productive sectors of the real economy, such as affordable housing, helps to boost incomes, bring down inequality and serve society’s needs.
Everyone has a right to access their money and make payments without relying on the big banks. Subsidies for big banks are removed, and there is a diverse ecosystem of new and better models of banking.
Democratic
Instead of working separately, the Bank of England and the Government collaborate in a democratic way.
More women, BAME people and professionals with experience in the real economy are appointed to the Bank of England’s most powerful committees. As a result, these committees are better informed, have a greater diversity of opinion, and ultimately make higher quality decisions.
The power to create and spend new money into the economy is brought under public, democratic control. Private banks become true intermediaries between savers and borrowers and no longer have the monopoly on creating money.
Sustainable
Government and central bank mandates reflect the fact that we cannot sustain infinite growth on a finite planet. Instead of focusing on short-term profit for private gains, their policies protect our environment and serve the public interest in the long-term.
Investment creates secure and sustainable jobs and tackles climate change.
New money is created by the central bank, ending our economy's dependence on high levels of debt, creating a more stable economy.
HOW WILL WE GET THERE?
At Positive Money we pursue our vision, and the system changes it requires, in six ways:
We work to educate and empower people with facts about how our money and banking system really works, the problems it causes, and how it can work better.
We research the problems with the money and banking system and develop our proposals for reforming it.
We work to build a growing, skilled, and diverse network which works together to campaign for change.
We influence people in power, by speaking in the media, building relationships with politicians, and supporting interventions in Parliament.
We lead and support an international movement advocating reform around the world.
We communicate our work and ideas through social media, broadcast and print news.