Digital Cash – FAQs
11 April, 2018Positive Money are submitting a statement to the Treasury Select Committee’s inquiry into digital currencies, calling on the Committee to consider the introduction of Digital Cash. You have until Friday 13th April to help us by adding your name to the statement, here. Below are answers addressing some of the frequent questions we’ve received about [...]
Over three quarters of Britons deem free ATMs ‘essential’, as new report calls on Government to defend access to cash
20 March, 201877% of GB adults say it is either ‘fairly’ or ‘very’ essential for them to personally be able to access a free-to-use ATM With the UK on the verge of losing thousands of ATMs, a new report from Positive Money recommends that the Government gives regulators the role of protecting access to cash, and [...]
QE for People becomes Positive Money Europe
28 February, 2018Brussels, February 28th 2018 - The Quantitative Easing (QE) for People campaign today announced that it is relaunching as Positive Money Europe, a new branch of Positive Money UK. QE for People was established in 2015 by Positive Money, together with the support of a coalition of 20 civil society groups. Since then, it has [...]
Was Carillion the canary in the coal mine?
6 February, 2018The news over recent weeks has been punctuated by worries surrounding three Cs: Carillion, Capita and a stock market Correction. Central bank policies of the past decade have played a key role in all of them. Even in today's hyperspeed news cycle, the collapse of Carillion looks like it will be remaining in the headlines [...]
Latest wealth data shows disproportionate gains between the richest and poorest since QE
1 February, 2018An analysis of new wealth data by Positive Money illustrates the disproportionate gains between the richest and poorest in the era QE. The latest ONS Wealth and Assets Survey, released on Thursday, suggests that those with wealth over £1m (the top 14% of households) have gained 278 times those with less than £20,000 (the poorest [...]
‘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 [...]
Poll shows 85% of MPs don’t know where money comes from
26 October, 2017Only 15% of MPs polled know that new money is created when banks make loans 19% of Tory MPs are aware of this, compared to only 5% of Labour MPs 70% of all MPs believe only the government has the authority to create money London, UK, 26 October 2017 — Polling from research and [...]
Official data shows richest gained over £300,000 each in era of QE
17 October, 2017Same dataset used by Mark Carney to claim “poorest have gained the most” from QE shows wealthiest have gained nearly 200 times as much Net wealth for the poorest 20% remains negative and has fallen since 2010. Top 1% of households may have gained over one million pounds each from QE. London, UK, [...]
Ed Balls: “I genuinely have an open mind” about full-reserve banking
19 September, 2017Former Shadow Chancellor discusses proposals for radical financial sector reforms LONDON, 19th September 2017 - Former Shadow Chancellor Ed Balls considered whether a dramatic shake-up of the banking system is needed to prevent another crisis, at an event marking 10 years since the crash, at the RSA last night. Speaking alongside Financial Times associate editor [...]