Banks’ war on cash halted after Positive Money campaign
17 July, 2018This week, we scored a significant victory in the fight to protect the UK’s access to cash. The Link scheme has cancelled planned cuts to the “interchange” fee which banks pay towards the cost of running the UK’s network of cash machines. As our recent report 'The Future of Cash' explains, cash is relied upon by over two [...]
5,500 Sign Positive Money’s Digital Cash Statement – What Happens Next?
13 April, 2018Earlier today, Positive Money submitted a statement signed by thousands of supporters to MPs on the powerful Treasury Select Committee. The statement makes the case for Digital Cash, and asks the Committee to recognise the idea’s widespread support. We're happy to report that this afternoon, we submitted a statement signed by 5,468 people to the [...]
Digital Cash: sign our joint statement
28 March, 2018Positive Money have launched a joint statement on Digital Cash, which will be presented to the Treasury Select Committee next month. Click here to read the full statement and add your name. Earlier this month, MPs on the influential Treasury Select Committee announced an inquiry into the role of digital currencies. For those of us who [...]
New report: The Future of Cash
20 March, 2018With the UK at risk of losing thousands of ATMs, new Positive Money research recommends that the Government gives regulators the role of protecting access to cash, and the power to stop ATM closures. Over three quarters (77%) of British adults class access to free ATMs as ‘essential’, according to results from a poll commissioned [...]
Bank of England inflation report: our reaction
8 February, 2018Responding to the Bank of England’s inflation report, Fran Boait, Executive Director of Positive Money, said: “The Bank of England is leading with the message that “the economy now needs a little less support.” But the question is what parts of the economy should be supported - financial markets or the rest of the economy? [...]
Competing visions for our financial system after Brexit
1 February, 2018What should be the future of monetary policy and financial regulation after Brexit? It’s set to be a fiercely contested battle over the coming months, with two competing visions of how our economic institutions should evolve. On the one hand, a House of Lords report out this week advances the idea that UK regulators, including [...]
‘Escaping Growth Dependency’ report launched in parliament
18 January, 2018MPs discuss the role of the money and banking system in fuelling climate change through excessive debt LONDON, 18th January 2018 - Research and campaign group Positive Money today launched a new report which sets out why governments are pursuing limitless economic growth despite clear environmental constraints, at an event in Parliament. The report, titled [...]
Philip Hammond’s other deficit
23 November, 2017Philip Hammond delivered yesterday’s budget in the context of the worst decade for real wage growth in living memory, and at time when households are borrowing at near-record levels just to make ends meet. As always, the Chancellor justified his plans by pointing to the government’s progress towards eliminating the budget deficit. But in doing [...]
No rate rise without a pay rise
1 November, 2017The markets believe it. As the Bank of England is expected to raise interest rates on Thursday morning for the first time in more than a decade, the pound has climbed steadily against the dollar. Yet it’s unprecedented, and extremely risky, to raise rates at a time when real wages are falling. With many households [...]