‘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 [...]