NatWest Q1 2023 profits: Positive Money response
28 April, 2023April 28, 2023 Today, NatWest announced that its pre-tax profits for Q1 2023 soared by 50% to £1.2 billion. Fran Boait, co-executive director of Positive Money said: “What starker example of inequality can there be but the bankers of NatWest thriving whilst the people who bailed them out just fifteen years ago struggle with the [...]
Barclays Q1 2023 profits: Positive Money response
27 April, 2023LONDON, 27 April 2023 - Today, Barclays announced that its pre-tax profits for Q1 2023 soared by 27% to £2.6 billion. Fran Boait, co-executive director of Positive Money said: “Clearly the comments from the Bank of England’s chief economist this week were wrong: not all Brits need to accept that they’re now poorer, those in [...]
Falling homeownership rates in England primarily among ethnic minorities – new analysis
21 April, 2023April 21, 2023 Analysis 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 Analysis of the latest Census data by research and campaign group Positive Money illuminates growing inequalities in our housing system, finding that decreasing rates of [...]
Climateflation: the long-term cost of burning fossil fuels
19 April, 2023April 19, 2023 Sign 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 [...]
Fossilflation: the short-term shocks from a fossil-fueled future
13 April, 2023April 13, 2023 Sign 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 [...]
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, 2023February 22, 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 of profits [...]
Positive Money response to HSBC profits
21 February, 2023February 21, 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 for 2022. [...]
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 [...]