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30 October 2024

Autumn Budget 2024: Positive Money response

Positive Money responds to the changes to the UK’s fiscal rules announced in today's Autumn Budget

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London, 30 October 2024

Responding to the changing of the UK’s fiscal rules, Fran Boait, Co-Executive Director at Positive Money, said: 

 “For years the UK’s fiscal rules have hampered public investment, resulting in crumbling infrastructure and our reliance on fossil fuels that have driven a cost of living crisis. 

“As well as direct public investment in schools and hospitals, the new National Wealth Fund could be crucial in channelling the billions that have been unlocked by this move.

“The Government should now take this opportunity to scale up the National Wealth Fund to make it truly impactful, while ensuring that it prioritises tackling climate change and delivering good jobs, rather than handouts for private investors.”

Notes 

About 

Positive Money is a research and campaign organisation working towards a money and banking system which supports a fair, democratic and sustainable economy. Set up in the aftermath of the financial crisis, we are a not-for-profit company funded by charitable trusts and foundations, as well as small donations from its network of over 65,000 supporters. www.positivemoney.org.uk.  

For additional comment or to speak to a spokesperson, please contact press@positivemoney.org.uk.

ENDS.

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