Falling homeownership rates in England primarily among ethnic minorities – new analysis
21 April, 2023Analysis of Census data reveals that national homeownership levels have dropped 6% since 2001, mainly due to low and decreasing proportions of ethnic minorities owning their homes LONDON, 21 April 2023 - Analysis of the latest Census data by research and campaign group Positive Money illuminates growing inequalities in our housing system, finding that decreasing [...]
Climateflation: the long-term cost of burning fossil fuels
19 April, 2023Sign the statement to Jeremy Hunt to end climateflation and bring down soaring prices Much of the commentary on climate change rightly asks whether our water will be drinkable, our air breathable, and our food edible on an increasingly polluted planet. But given soaring prices over the last year, there’s another question we need to [...]
Fossilflation: the short-term shocks from a fossil-fueled future
13 April, 2023Sign the statement to help end fossilflation Nobody needs reminding of the heights that energy bills soared to this past winter, we’ve all felt it. A record number of people reached out to Citizens Advice for crisis support last year, and businesses shut their doors at rates not seen since the last financial crash. Although [...]
Hunt missed opportunity for windfall tax on bank profits
15 March, 2023London, Wednesday 15th March 2023 Responding to the Chancellor’s Spring Budget, Fran Boait, executive director at Positive Money, commented: “This Budget marks another missed opportunity to redistribute the burden of higher costs onto those with the broadest shoulders. Rather than properly taxing windfall profits, the Chancellor has chosen to continue saddling workers with suppressed wages [...]
Positive Money response to Lloyds Bank profits
22 February, 2023London, Wednesday 22nd February 2023 Lloyds Bank has today announced that its pre-tax profits for 2022 were £6.9 billion, and that it has increased its bonus pool by 12% to £446 million - the largest it has been in four years. The results follow news that NatWest, Barclays and HSBC made a collective £26.6 billion [...]
Positive Money response to HSBC profits
21 February, 2023London, Tuesday 21st February 2023 HSBC has today announced that its profits for 2022 were £14.5 billion. Its profits for the last quarter of 2022 were £4.3 billion, up more than 90% from the same period in 2021. The results follow news last week that NatWest and Barclays made a collective £12.1 billion of profits [...]
NatWest 2022 profits – Positive Money response
17 February, 2023London, Friday 17th February 2023 NatWest has today announced that its profits for 2022 were £5.1 billion. The results are accompanied by news that NatWest has raised its bonus pool for employees to £367 million, following the government’s removal of the cap on bankers’ bonuses late last year. This, coupled with the source of these [...]
Concerns raised over vested interests of Lords pushing for financial deregulation
19 January, 2023London, Thursday 19th January 2023 All Peers voicing support for measures to deregulate the City have ties to financial services Debate over the government’s new financial services legislation in the House of Lords has been dominated by Peers with vested interests in deregulation, according to new analysis from non-profit research and campaign group Positive Money. [...]
Reining in fossil finance is key to fighting inflation, report urges
22 November, 2022London, Tuesday 22nd November 2022 Latest green ranking of G20 central banks argues that support for the green transition is key to securing financial and price stability Researchers have urged central banks across the G20 to ensure that efforts to curb shorter-term inflation do not hinder progress on the net zero transition, which could undermine [...]