London, 5 November 2020 - Responding to the Bank of England announcing another £150bn of quantitative easing (QE) ahead of the Chancellor’s …
HM Treasury
Bank of England confirms plans to incorporate climate into asset purchases: Positive Money response
A senior Bank of England official announced today that the Bank is seeking the Treasury’s backing to incorporate climate risk into its asset …
Positive Money pushes the government to move faster on greening the post-Covid recovery
Giving evidence to the Environmental Audit Committee last week, Positive Money Executive Director Fran Boait told MPs that the Bank of …
Business bailouts must build an economy that works for everyone
Below is an open letter sent to the Prime Minister and opposition party leaders, calling for all state support for businesses to serve the …
New report: Where are the conditions for the Bank of England’s broken bailout scheme?
The government and the Bank of England are using a new scheme – the Covid Corporate Financing Facility (CCFF) – to bail out the UK’s largest …
Bank of England provides £7.5 billion in big business bailouts – hidden from public view
While SMEs struggle to gain access to government-backed loans, large corporations have already been bailed out to the tune of approximately …
The ultimate magic money tree has been unveiled – don’t let the government tell you otherwise
Despite the extension of the Ways and Means facility and expanded Quantitative Easing, the Treasury and the Bank of England might still deny …
Major breakthrough on public money creation: The Bank of England will directly finance government coronavirus spending
UK central bank becomes first in the world to adopt direct monetary financing to fund government spending during the coronavirus crisis. …
To help fight Covid-19 the Bank of England must commit to direct monetary financing
The Bank of England is indirectly financing the Treasury’s spending on the response to Covid-19. We welcome this development, but further …