Parliamentarians, renters groups and think tanks discuss scaling up council home acquisition programmes and strengthening renters rights LONDON, 9th May 2024 – Yesterday, a coalition of cross-party parliamentarians, renters unions and think tanks came together in a parliamentary roundtable to discuss policy solutions to the housing crisis that go beyond building new homes.  Hosted in […] The post Solutions to the housing crisis must go beyond building new homes appeared first on Positive Money ..read more

  Co-Executive Director of Positive Money, Fran Boait, has announced she will be stepping down from the post at the end of 2024 following 11 years of leading the organisation.  Positive Money’s Board and leadership team have agreed a clear transition plan that will include recruiting a Co-Executive Director over the summer. Fran will remain […] The post Co-Executive Director Fran Boait steps down appeared first on Positive Money ..read more

London, 30 April 2024 – Positive Money responds to HSBC’s announcement that it’s pre-tax profits for Q1 2024 were £10.1 billion, and the Bank of England’s forecast that it will make cumulative losses of around £125 billion by the end of the decade through its management of the Asset Purchase Facility, a cost borne by […] The post Bank of England losses & HSBC profits: Positive Money response appeared first on Positive Money ..read more

  Positive Money’s new report, ‘The Fiscal Benefits of a Digital Pound’, finds the introduction of a central bank-issued digital pound could bring in around £30 billion extra every year to boost government spending, depending on the level of adoption.  A £20 note doesn’t cost £20 to make. The difference is something called ‘seigniorage’. Back […] The post £30 billion for public spending: surprising ‘seigniorage’ benefits of a digital pound appeared first on Positive Money ..read more

Tens of billions could arise from the ‘seigniorage’ benefits of a digital pound   London, 29 April 2024 – The government could see its fiscal space increased by £30bn a year by the end of the decade if it goes ahead with plans for a digital pound, according to new analysis from research and campaign group […] The post Public could benefit from £30bn a year windfall from digital pound appeared first on Positive Money ..read more

  We’re excited to share Positive Money’s new partnership with the campaign group Fossil Free Parliament; the UK-wide movement working to free Parliament from the polluting influence of fossil fuels.  Big banks and corporations have captured politics to create a financial system that puts profit above all else – and fossil fuel companies are no […] The post Positive Money Partners with Fossil Free Parliament appeared first on Positive Money ..read more

  Countries experiencing lower inflation boast a combination of more active governments, lower dependence on fossil fuels and real conversations about the role of corporate greed What’s happening in the UK? Today, it was announced that inflation fell to 3.4% in February, having peaked at a 41-year high of 11.1% in October 2022. The government […] The post What’s different about UK inflation? appeared first on Positive Money ..read more

  Ahead of his Spring Budget, we delivered our petition to Number 11 Downing Street to call on Chancellor Jeremy Hunt to introduce a windfall tax on bank profits.  A big thank you to MPs Rebecca Long-Bailey and John McDonnell, and our campaign partners The Equality Trust for joining us, and an even bigger thank […] The post #TaxTheBanks petition delivered to Jeremy Hunt appeared first on Positive Money ..read more

Research says green overhaul needed to end ‘hidden subsidy’ to fossil fuel companies London, 28 February 2023 – By accepting financial firms’ fossil fuel assets as collateral against loans made to them, the Bank of England is effectively providing a ‘hidden subsidy’ to environmentally destructive companies, according to a new paper from research and campaign […] The post Bank of England lending should stop subsidising fossil fuels, says think tank appeared first on Positive Money ..read more

  Sitting at the very heart of the financial system, collateral frameworks are some of the most powerful tools central banks have. But by not considering the environmental impact of the collateral it accepts, the Bank of England is handing an advantage to damaging sectors like fossil fuels. Our new paper explores how the Bank […] The post Stop the hidden subsidy to fossil giants: why the Bank of England’s collateral framework matters appeared first on Positive Money ..read more