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 Haves and have nots
Three million people have borrowed from an illegal money lender in the UK over the past three years. And 13 million are struggling to pay their bills.
Over the last two years, 40 per cent of small and medium-sized enterprises (SMEs) have had to stop or pause an area of their business due to a lack of affordable finance.
Meanwhile, the world’s 722 biggest companies are making $1tn a year in windfall profits from high energy prices and rising interest rates.
Here’s how wealth inequality has grown since the Rich List was first published in 1989. Will a ‘new age of inheritance’ further widen inequality?
Climate Ideas
Incomplete climate models mean financial institutions are underestimating climate risks, according to a new report.
The Aldersgate Group is providing business backing for the demand to give financial regulators stronger climate mandates.
Could ‘dual interest rates‘ with lower rates for green activities help accelerate the green transition?
How did the climate fare in the AGM season?
Anti-Financial Crime ideas
What has been achieved in the year since the Economic Crime Manifesto was published?
Here’s a useful new report on how to drive dirty money out of the UK.
Finance and economic policy
Industrial policy is all the rage – but there are many different varieties. And here’s why prioritising national economies can be good for all.
If you haven’t yet seen the New Economy Brief website, you’re missing out – it’s packed full of ideas for radically improving the economy.
Also…
A new report suggests a big commercial real estate downturn could put 300 US banks in trouble.
The Financial Conduct Authority is fighting the government’s plans to relax short-selling rules.
And finally…
Here’s why the Paris summit on financing the Global South ‘failed’.