Douglas Carswell on Question Time: Rein in banks’ ability to create credit
12 June, 2015This week has seen the UK’s major banks begin a concerted fight-back against regulation intended to make the banking system safer. And there’s some sign that politicians are minded to listen. Mark Garnier, a Conservative MP on the Commons Treasury Committee said, “We cannot keep using them as a whipping boy for political one-upmanship.” In [...]
12,119 voices for monetary reform
28 May, 2015Waiting outside Downing Street on Monday afternoon was a big crowd of people hoping to catch a glimpse of the Prime Minister. A few of them asked about the Positive Money group’s striking purple t-shirts and placards. Their reaction will be familiar to anyone who’s tried to engage a family member or friend on the [...]
New Government: What Next?
16 May, 2015The Conservatives are in office for another five years with a long term plan to deliver a prosperous and more balanced economy. But with the mounting burden of household debt set to grow even further, we could be in for a bumpy ride. Much of the post-election analysis has pointed towards the Tories’ handling of [...]
Reality check: Private banks create money (BBC News)
5 May, 2015The election campaign is generating new interest in Positive Money's proposals, not least because of the Green Party's manifesto commitment to put money creation in the hands of a new, independent monetary authority. The BBC's 'Reality Check' series includes an explanation of the party’s policy, and busts the most common myths about money creation: There are two [...]
Green Party manifesto pledges monetary reform, but will it be championed by Green MPs?
17 April, 2015For the first time that any of us at Positive Money can remember, a major UK political party will fight a general election on a commitment to take control of the money supply away from private banks. The Green Party manifesto pledges that “the creation of money should become the function of a new monetary [...]
Election manifestos offer bold aims but little detail on banking reform
17 April, 2015The banking system needs to do a better job of supporting businesses and serving customers according to the manifestos of the three main parties published this week. Labour promise to “develop a banking system that works for businesses in every region and every sector in Britain”. The Conservatives “will continue to build a stronger, safer and more secure banking [...]