Fresh crises reinforce the need for a public banking system
23 March 2023
March 23, 2023 The current banking crisis puts the nature of the banking system into sharp relief, and forces us to ask what banking is for and how it can best serve society. It reveals how our money …
March 2023 interest rate hike: Positive Money response
23 March 2023
Responding to the Bank of England’s decision to raise interest rates by a further 0.25% to 4.25%, Fran Boait, executive director of research and campaign group Positive Money said: “With the recent co …
Hunt’s huge missed opportunity to #TaxTheBanks
15 March 2023
March 15, 2023 Today Chancellor Jeremy Hunt presented his Spring Budget to parliament and missed a huge opportunity. After 12 years of deep public sector cuts and pay freezes, which resulted in stri …
Hunt missed opportunity for windfall tax on bank profits
15 March 2023
London, Wednesday 15th March 2023 Responding to the Chancellor’s Spring Budget, Fran Boait, executive director at Positive Money, commented: “This Budget marks another missed opportunity to redistrib …
SVB collapse makes case for digital pound & Bank of England climate and capital report
13 March 2023
London, 13th March 2023 On the collapse of Silicon Valley Bank (SVB), Simon Youel, Head of Policy and Advocacy at Positive Money, commented: “The fact that firms’ ability to make payroll is dependent …