Anna Pick
Autumn Statement deregulation
17 November, 2022London, Thursday 17th November 2022 In today’s Autumn Statement, Chancellor Jeremy Hunt has announced an overhaul of important aspects of insurance regulation known as Solvency II rules. Insurance industry lobbyists claim that their proposed reforms to Solvency II will enable firms to release billions of pounds of capital for investment in energy and infrastructure, but [...]
Good news you might have missed last week
27 October, 2022October 27, 2022 After another week of chaos in British politics, and with the cost of living scandal deepening, it can be hard to feel hopeful. But campaigning is making a difference. Here are 5 bits of good news you might have missed last week in the fight for a greener, fairer financial system. 1. [...]
Bank of England says ‘further progress’ needed for financial firms to address climate
21 October, 2022London, Friday 21st October 2022 The Bank of England has written to finance CEOs warning that firms must demonstrate “further progress” on tackling climate risks. In a letter from Deputy Governor Sam Woods, the Bank warns that firms falling short of supervisory expectations will be asked to provide a “roadmap explaining how they intend to [...]
Positive Money welcomes climate conditions for BoE energy bailout
17 October, 2022London, 17 Oct 2022 Firms participating in the Bank of England’s new Energy Markets Financing Scheme will be required to meet strict conditions, including setting out net zero transition plans and disclosing climate risk. Fran Boait, executive director of research and campaign group Positive Money, commented: “It’s good to see that the Bank of England [...]
A bankers’ budget
23 September, 2022LONDON - Friday 23rd September 2o22 Responding to today's Mini Budget, Fran Boait, executive director of research and campaign group Positive Money, commented: “This is not a cost of living budget, it’s a bankers’ budget. At a time when ordinary families are choosing between heating and eating, the Chancellor has chosen to focus on handouts [...]
Scrapping banker bonus cap would be shameful
15 September, 2022The Treasury is considering removing a cap on bankers' bonuses as part of a post-Brexit shake-up of City rules. Fran Boait, Executive Director at Positive Money said: “Gifting bankers uncapped bonuses at a time when millions of households are choosing between eating and heating is beyond tone deaf - it’s shameful. “Providing greater relief to [...]
The new cabinet – what it means for a fair, green economy
7 September, 2022September 7, 2022 Liz Truss has been confirmed as the new Prime Minister, with key cabinet appointments including Kwasi Kwarteng, Jacob Rees-Mogg and Graham Stuart. What does this mean for the movement to create a fair, democratic and sustainable financial system? Read on for 3 major battlegrounds to watch this autumn. 1. Bank of England [...]
75 leading thinkers call for an overhaul of green finance rules – press release
5 July, 2022LONDON, 5th July 2022 - Ahead of the Bank of England’s Financial Stability Report, 75 leaders from civil society and academia have written to the government calling for a new vision of green finance to help tackle the cost of living crisis, improve the UK’s energy security and accelerate the green transition, by ensuring that [...]
75 leading thinkers call for an overhaul of green finance rules
5 July, 2022Ahead of the Bank of England’s Financial Stability Report, 75 leaders from civil society and academia have written to the government calling for action to ensure that rising interest rates do not choke off critical green investment and to shift financial flows out of fossil fuels. To tackle the cost of living, establish the UK’s [...]