Bank of England lending should stop subsidising fossil fuels, says think tank
28 February 2024
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 the …
Stop the hidden subsidy to fossil giants: why the Bank of England’s collateral framework matters
28 February 2024
February 28, 2024 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 t …
2024 Positive Money supporter survey results
27 February 2024
February 27, 2024 At the start of 2024, over 800 Positive Money supporters completed our annual survey. Positive Money’s annual supporter surveys are a great chance to step back, gather feedback on …
Laughing All The Way to The Bank: Bank Profits Soar While Taxes stay Low
23 February 2024
This week the Big Four UK banks — Lloyds, NatWest, Barclays and HSBC — announced pre-tax profits of £44.3 billion – an average of 66 per cent higher than their profits in 2018. Barclays had the highes …
Taxing banks’ record profits could raise £14bn for public services
23 February 2024
Windfall tax on bank profits would give Chancellor headroom for more spending in upcoming Budget London, 23 February 2024 – A windfall tax on bank profits would raise anywhere between £3.5bn and £14bn …