Council Members
Secretariat
Guest Authors
On 2 November 2019, the Labour Party published its report on the UK finance industry and climate change, entitled ‘Finance and Climate Change: A Progressive Green Strategy’. Drawn up by a group of independent experts commissioned by the Shadow Chancellor, the review group’s work was supported by PEF.
Of the nineteen UK governments since the Second World War, only two have torn up the rule book and tried to build a better future, instead of simply recycling the
“The United Kingdom is an outlier amongst developed and emerging economies, especially the most successful ones, in not having a national development bank.”
“The financial and legal barriers to an ambitiously sized British NIB are not as challenging as might have been thought. Given this, whatever happens in regard to Brexit, it would seem the time is right to create such an institution to support British industry and help create a more investment-led growth model.”
“Support for national and multilateral development banks has grown worldwide in the decade since the global financial crisis. And the continued success of national development banks (NDBs), in particular, will be vital to achieve more sustainable economic growth in the future.”
A critique of the Financial Times’ analysis of the ‘UK’s low savings rate’. Austerity and financialisation, not profligate shoppers, are to blame.
To move away from debt-dependent growth and escape the ‘boom, bust, bailout, austerity’ cycle, we need to cultivate our powers of economic storytelling.
The recent debate around capital controls and exchange controls has been confusing, but capital controls would be expected to play a role in a progressive economy.
We have just over a decade to limit climate catastrophe. The Bank of England should act to ensure climate-related financial risks are reflected in its monetary operations.
Theresa May’s attack on Labour was purposely framed to suggest that Labour governments are embezzlers – tax raiders. But no Labour government has ever run out of money, and no government finances spending from taxation.
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