Our monthly round-up of news, ideas and initiatives related to transforming the UK financial system for people and planet, compiled by the Lab’s CEO, Jesse Griffiths.
The UK is in trouble
JRF’s new report on the state of poverty in the UK is not pretty reading.
The UK has slipped down the corruption perceptions index, but does this tell the true story? Why are some UK billionaires absent from the list of who pays most tax?
The UK pensions system has the 2nd largest pensions gender gap in the OECD.
Here’s how credit ratings help magnify financial exclusion.
Why is the UK weakening audit rules? Surely the City should not have a monopoly of the Chancellor’s ear.
Meanwhile, other countries show how relationship-based banking could help fill the UK’s financing gap for SMEs.
Financing planetary destruction
Economists don’t understand climate change and it could cost us the earth. Perhaps that’s one reason why globally, thirty times as much finance flows to nature-destroying activities as to nature-supporting activities, big financial institutions are still funding metallurgical coal, financial Institutions need to make way more progress on methane. And Natwest backtracks on fossil fuels.
India is on a faster decarbonisation track than China in terms of electrification of energy.
The head of the UN adds his voice to calls to move beyond GDP.
the global economy
Lower income country debt repayments have hit their highest level for 35 years – more evidence that we are in the midst of the worst Global South debt crisis ever.
Here’s the story of how rich countries have eroded the quality of the aid they send to the Global South.
The value of crypto could be zero. What might trigger the next financial crisis?
And also
How the Rethinking Economics movement is changing economics.
Where do AI searches get their news from?
What does China really mean when it says it wants the yuan to be a global reserve currency?