The Future Of Finance: Report Launch
13 July, 2022July 13, 2022 Positive Money’s latest report reveals the scale of the political power that big finance holds over our democracy, and puts forward recommendations to give a stronger voice to the public and civil society. The report also calls for fundamental reforms to the money and banking system, in order to align financial flows [...]
Slavery & the Bank: acknowledgement is not action
15 June, 2022June 15, 2022 Positive Money staff team recently took a guided tour of The Bank of England Museum “Slavery & the Bank” exhibition, which explored how the Bank, its Governors and Directors, the City of London, and Britain as a whole was linked to, and benefited from, the slave trade. Despite recognising its historical responsibility [...]
Most homeowners happy for house prices not to rise
31 March, 2022New report debunks housing crisis being result of shortage of homes, calls for new approach London, 31 March 2022 - A majority (54%) of British homeowners would be happy if their own home did not rise in value in the next ten years if it meant houses were more affordable for those who don’t own [...]
Banking on Climate Chaos: Positive Money Response
30 March, 2022London, 30 March 2022 - The latest Banking on Climate Chaos report published today reveals that British banks continue to pour tens of billions of pounds into fossil fuel expansion, despite bold claims from the Chancellor Rishi Sunak at COP26 about making the UK ‘the world’s first net zero financial centre’. Five UK lenders - [...]
Andrew Bailey Treasury Committee comments: Positive Money response
23 February, 2022London, 23 February 2022 Questioned by MPs on the Treasury Committee this morning, Bank of England governor Andrew Bailey appeared to qualify his previous warning to workers to exercise ‘restraint’ in their wage demands to address the cost of living crisis. MP Angela Eagle asked Bailey: ‘‘what have you said publicly about companies reducing their [...]
Remodelling finance in 2008’s image: Banks make a play for deregulation post-Brexit
17 February, 2022February 17, 2022 The Treasury is considering giving the UK's financial regulators a new objective to increase the 'international competitiveness’ of the financial firms they regulate. This risks sowing the seeds of another financial crisis, undermining 'levelling-up', and complicates the role regulators will have to play in supporting the green transition. Despite the City of [...]
12 Days of Cash: Christmas 2021 Series
6 January, 2022January 6, 2022 You may have been following our social media series the #12DaysofCash over the Christmas period. If so, you’ll know that cash is under attack on two fronts: banks are making it harder to access cash, whilst retailers are making it more difficult to use. 4,514 UK bank branches have closed since 2015, [...]
US central bank falls further behind on climate action ahead of COP26
12 November, 2021Washington, D.C., 29 October 2021 On the eve of the UN climate talks in Glasgow, Positive Money is set to release an update to its “Green Central Banking Scorecard,” a measure of the performance of central banks in addressing the threat climate change poses to economic and financial stability. This update shows that the U.S. [...]
Bank of England slips behind on climate ahead of COP26
12 November, 2021London, 29 October 2021 The Bank of England is slipping behind G20 counterparts on action to green the financial system, despite the UK’s ambition to show global leadership as host of crucial climate talks next month, according to the latest Green Central Banking Scorecard published today by think tank Positive Money. An updated COP26 edition [...]