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.
Fossil fools
The UK’s ‘big four’ banks have ploughed £119bn into fossil fuels as global banks increase their fossil fuel investment. But there is some progress from UK pension funds on climate and nature goals.
Insurance losses from climate change could pose systemic economic risks and here’s why investors should care about systemic climate risks.
Former staff say the Bank of England has deprioritised climate.
Inequality and crisis
The annual 2025 Financial Secrecy Index spotlights countries that help those with money evade the rule of law.
Why stories about an ‘exodus’ of millionaires from the UK are a myth. Actually, 80% of UK millionaires want a wealth tax.
There’s a big disability wealth gap.
The global debt system undermines democracy and promotes authoritarianism across the Global South. But 2025 is another Jubilee moment to fix global debt problems – here’s how.
What could cause the next financial crisis? Private credit could amplify future crises.
And also
Here’s a great summary of what happened in the Chancellor’s Spending Review.
How China won the clean energy race.