MPs pile on the pressure: Bank of England must do more on climate action
26 January, 2021January 26, 2021 A cross-party group of MPs agree with our recommendations: the Bank of England missed a vital opportunity to green their corporate bailout scheme, and must do more to prevent further climate breakdown. Our work to improve the Bank of England’s green credentials have been given extra clout with new support from Parliament’s [...]
Big corporations dominate government’s Build Back Better council
22 January, 2021January 22, 2021 The government’s new Build Back Better council - meant to help the UK recover from the impact of Covid-19 - is dominated by finance, oil and big tech. We cannot let our recovery be hijacked by corporate greed - the needs of people and planet must come first. This week the [...]
Our 2020 highlights (yes there really were some)
30 December, 2020December 30, 2020 Positive Money is a movement of 25,000 people taking action to build a money and banking system that works for people and planet - not profit. And while 2020’s been tough, together we’ve had real impact this year. Here are just a few highlights worth raising a glass to… 🥂 We made [...]
A green wish come true or more greenwash?
11 November, 2020Announcements about the UK government’s first green bond and mandatory climate risk disclosure are welcome steps, but they’re also baby steps that rely too heavily on the market to solve the climate crisis. We need stronger action from the Treasury and the Bank of England to avoid the risk of corporate greenwashing. By launching the [...]
Rishi Sunak’s sending mixed messages
5 November, 2020Today’s announcements from the Bank of England and Rishi Sunak show welcome signs of close cooperation, but sadly the Chancellor is still not seizing every opportunity he could to save us from this crisis and is continuing to pedal falsehoods about government spending. This morning, the Bank of England published their latest Monetary Policy Committee [...]
Banks fuel climate crisis to the tune of £1.9 trillion
30 October, 2020A new report released this week reveals the true extent to which banks are fuelling the climate crisis. We must demand greater action from our public economic institutions to divert this private funding to better protect people and the planet. The focus on the link between our financial system and the climate crisis is growing [...]
Bank of England to take greater heed of climate crisis in future asset purchases
16 October, 2020A senior Bank of England official announced today that the Bank is seeking the Treasury’s backing to incorporate climate risk into its asset purchases. Progress on climate from the Bank so far has been worryingly slow. It’s time for the Chancellor to update the Bank’s mandate to align its work with the government’s own climate [...]
Bank of England hints at climate conditions for future bailouts
1 October, 2020The central bank is under fire from MPs for its Covid bailout scheme’s failure to protect jobs and the environment. The Bank of England may attach climate conditions to its asset purchases, a senior Bank of England official told MPs on the Environmental Audit Committee this morning, after coming under fire for the lack of [...]
It’s our 10 year anniversary!
30 September, 2020We’ve come a long way and achieved a lot together since 2010 - but do you know how we got here? Check out our highlights from the last 10 years. In 2010, with the world still reeling from the financial crash, mainstream commentators were wrongly laying the blame at the feet of a few reckless [...]