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.
Policy is moving fast
What’s in the government’s new Financial Services Growth and Competitiveness strategy? And what other financial sector reforms are happening? And what should we make of the government’s new industrial strategy?
Here’s a great summary of what happened in the Chancellor’s Spending Review.
Here’s what happened at the UN’s Financing for Development conference and why progress was made after the US walked out.
The economy and climate
A senior Bank of England official says climate change poses a growing risk to the UK economy. Thankfully the OBR thinks net zero will be far cheaper for the UK than previously thought.
European banks have made progress on climate and nature-related risks but 70% are still exposed to climate litigation because of their activities.
Barclays is the biggest financer of coal in Europe.
Pensions legislation could help tackle climate and nature risks.
There is movement on Transition Plan policy.
Here’s a policy agenda to stop financial flows making ecosystem tipping points more likely.
A great report on how industry lobbyists influence climate and energy policy.
How China won the clean energy race.
Inequality, unfairness, illegality and crises
Why voluntary market fixes won’t solve the high-cost credit crisis.
The pensions minister highlights inequality in the pensions system. What should the new Pensions Commission do about it?
Billionaire wealth soars globally. Why the ‘wealth exodus’ from the UK is a myth.
The UK golden visa scheme would open the door for criminals and spies. At the same time the UK plans a summit on tackling dirty money. Banks are racking up fines for financial crime failings. Here’s a great new tracker for how well anti-corruption measures are enforced.
A Federal Reserve Governor on how deregulation sows the seeds for the next financial crisis. Could a Central Bank Digital Currency could help prevent financial crises?
And also
Mainstream economics continues to dominate academia, but is losing policy influence.
What will replace the old neoliberal consensus on trade and developing countries?