The Petition

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The petition text

The same banks that caused the financial crisis currently have the power to create 97% of the UK's money. They've used this power recklessly, putting most of the money they create into property bubbles and financial markets. And now they're back to their old ways.

We need a change. The power to create money should only be used in the public interest, in a democratic, transparent and accountable way. The 1844 law that makes it illegal for anyone other than the Bank of England to create paper money should be updated to apply to the electronic money currently created by banks.

When new money is created, it should be used to fund vital public services or provide finance to businesses, creating jobs where they're needed, instead of being used to push up house prices or speculate on the financial markets.

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Will 3 Simple changes fix the economy?

Watch the video to find out how money is at the root of high debt, inequality and unaffordable house prices, and how we can fix it.


 
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What is Positive Money?

We’re a movement for a money and banking system that works for society and not against it.

We’re campaigning for the power to create money to be used in the public interest, in a democratic, transparent and accountable way, rather than by the same banks that caused the financial crisis.

We’re based in the UK but have sister organisations in 17 countries.

Find out more about us

What is the problem?

Find out how our financial system has left us with the highest personal debt in history, unaffordable housing and worsening inequality.

Debt

Inequality

House prices

View all 8 issues

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Support Positive Money through your small business, or as an individual.
Sponsor: rebuildingsociety.com is p2p lending platform who help redress money supply by allowing business loans from private investors. See a demo of peer to peer lending.
Site designed by Luuk de Waal Malefijt.

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