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.
Finance and the economy
Here’s a manifesto of financial sector policy reforms to help small businesses.
The shadow banking system could cause the next crash, and why banks could be exposed to private equity losses.
Dividend payments grew 5.5 times faster than workers’ pay in the UK between 2000-2019. Here’s why workers’ rights are good for the economy.
Where can we find the trillions that global development and the environment need?
How can we tackle the poverty premium?
Finance and the environment
What should financial regulators do about the threat of ecosystem tipping points? Well, they could stop financial regulations working against renewable energy and central banks could buy fossil fuel assets to stop them being burned, for example.
Banks have channelled $470 billion to the coal industry since 2021, and the world’s 60 biggest banks channelled $705 billion to fossil fuels in 2023.
The worst pension funds emit four times as much carbon per pound invested compared to the best.
Nature degradation could cost the UK 12% of GDP.
What does responsible climate lobbying look like?
And also
More than 6,000 bank branches have closed in the last nine years.
The broken rules governing the ‘revolving door’ between government and business.