Simon Youel
Positive Money response to Bank of England Financial Stability Report
11 July, 2019Responding to the Bank of England’s latest Financial Stability Report, Fran Boait, executive director of Positive Money said: “While it is great that the Bank’s Financial Policy Committee has embraced the climate stress testing recommended by the recent Future of Finance review, the Bank of England still seems to be taking a ‘wait and see’ [...]
Labour’s plans for sustainable investment: Positive Money response
24 June, 2019Responding to the news that Labour is setting up a review of the financial system which will examine how an enhanced Bank of England toolkit could tackle the financial stability threat of climate breakdown, Fran Boait, executive director of Positive Money, said: “With the shadow chancellor’s comments coming the week after the future of finance [...]
Bank of England to open up to tech companies: Positive Money response
20 June, 2019Responding to Mark Carney’s announcement that the Bank of England will consult on opening up its reserve accounts to non-bank payments providers, David Clarke, head of policy at Positive Money said: “It is right that access to the Bank of England’s infrastructure does not remain the sole privilege of traditional banks. As such opening up [...]
Facebook’s digital currency is not the solution: Positive Money comment
18 June, 2019Responding to the announcement of Libra, Facebook’s plans for a digital currency in partnership with companies including Visa and Mastercard, David Clarke, head of policy at Positive Money, said: “Facebook has rightly identified the potential for digital currencies to reinvent money and transform the global economy, so people can live better lives. However, a digital [...]
TCFD 2019 Status Report: Positive Money response
5 June, 2019Responding to the second Task Force on Climate-related Financial Disclosures (TCFD) second status report, which reports that the average number of recommended disclosures per company has increased by 29% from 2.8 in 2016 to 3.6 in 2018, David Clarke, head of policy at Positive Money, said: "With a small window of time to decarbonise the economy, [...]
Battle with the BBC
29 May, 2019How one Positive Money Supporter Challenged The Mainstream Media and Won One of the biggest obstacles we face in building a better money and banking system, is a lack of public understanding about how the system actually operates in the first place. Economics textbooks are misleading and politicians often indulge in financial mythology, with their [...]
Central bankers have no time to waste: Positive Money NGFS report comment
17 April, 2019Commenting on the publication of the first comprehensive report from the Network for Greening the Financial System (NGFS), Rob Macquarie, economist at Positive Money, said: “Central bankers have done a good job of talking the talk, but there’s still a delay in walking the walk. With the Intergovernmental Panel on Climate Change warning we only [...]
Campaigners grill Bank of England Pension Scheme on climate
27 February, 2019London, UK, 27 February 2019 - Research and campaign groups Positive Money and ShareAction have today written to the chair of the Bank of England Pension Scheme seeking answers on what steps the central bank’s pension fund has taken to address climate risk. In a joint letter addressed to John Footman, Chair of Trustees for [...]
RBS 2018 results: Positive Money comment
15 February, 2019Responding to RBS' 2018 results, which show profits doubling to £1.62bn, and a £977 dividend payment to the government, Fran Boait executive director of Positive Money said: "Another dividend payout should cast even further doubt on the government’s plans to sell the public’s majority stake in RBS at a loss. "It’s beyond clear that an [...]