The COVID-19 health crisis is having major impacts on our economy and financial system. Policymakers have taken unprecedented action, using the finance sector to keep businesses afloat. Social distancing has turbo-boosted the shift to digital banking. A debt crisis looms. The scale of change is unprecedented. How can we make sense of this financial system change, and what we can do to help transform finance so that it supports a resilient, caring, just and green economy in the future?
Thinking from the Lab:
- 19 May – Lab supports transnational call to action on building a resilient society
- 15 May – Jesse Griffiths, Finance Innovation Lab – Four reasons why transforming finance is more important than ever
- 24 April – Affordable credit providers (backed by the Lab) offer their support to deliver emergency funds
- 2 April – Lab joins call for freeze on personal debt payments
- 2 April – Anna Laycock, Finance Innovation Lab – COVID-19: our response
- 23 March – Lab signs open letter to the UK government calling for faster and more far-reaching action
Find out what the Lab community is thinking and doing:
- 13 May – Christine Berry and Laurie MacFarlane, IPPR – Who wins and who pays? Rentier power and the Covid crisis
- 11 May – Positive Money – The tragedy of growth
- 6 May – David Pitt-Watson and Hari Mann, RSA – Purposeful finance and the pandemic
- 8 April – Mark Hall, RSA – Can cash survive coronavirus?
- 3 April – Gemma Bone Dodds, All in Agency – The great pause
- Wellbeing Economy Alliance – Build back better
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Transforming Finance Network History
The Transforming Finance Network brings together leading civil society organisations dedicated to changing the finance system into one that is democratic, responsible and fair.
Convened by the Finance Innovation Lab and Positive Money, it includes Finance Watch, New Economics Foundation, Share Action, Stamp Out Poverty, and many more.
We meet on periodically to align our work, create new collaborations and find ways to amplify our common agenda. Since the Network’s inception in 2013 we have:
- Run two major conferences;
- Held workshops with senior policymakers in the Bank of England, FCA, major think tanks and in with Parliamentarians;
- Collaborated with thought leaders in finance reform such as Lord Adair Turner, Prof.Mariana Mazucatto, Prof.Robert Jenkins and Prof.Steve Keen;
- Published a Charter for a New Finance System and a set of policy recommendations for the 2015 General Election.