Positive Money UK
@positivemoneyuk.bsky.social
2.6K followers 380 following 570 posts
Shifting power from big banks to people, and working to redesign our economic system for social justice and a liveable planet. positivemoney.org
Posts Media Videos Starter Packs
Pinned
positivemoneyuk.bsky.social
Taxing banks’ windfall profits could bring in £11.3 billion 💰

…but Rachel Reeves & Keir Starmer are refusing to get out of bed with the banks and make it happen❗

Tell them to #TaxTheBanks today: bit.ly/TaxTheBanks
positivemoneyuk.bsky.social
This is climateflation in action, here in the UK.

Wheat harvests destroyed by droughts and floods, pushing up bread prices and pressure on supplies from abroad.

Climate change is a threat to financial stability, and the Bank of England needs to step up 👇
One year’s worth of bread lost in UK to wrecked harvests since 2020, report finds
Worsening droughts and floods have destroyed wheat for 4bn loaves of bread and forced record levels of imports
www.theguardian.com
positivemoneyuk.bsky.social
Speculation is rife about what kind of changes to property taxes might be announced in the Autumn Budget.

Our Senior Researcher Alec Haglund argues the importance of using this opportunity to disincentivise speculation & financialisation in the property market 👇
Fixing how we tax property is key to tackling the housing crisis
If the government changes property taxes in the Autumn Budget, it should use changes to disincentivise speculation & financialisation in the property market
positivemoney.org
Reposted by Positive Money UK
christianw2000.bsky.social
Please email your MP asking them to back this plan, especially if your MP is not Conservative or Reform
positivemoneyuk.bsky.social
🚨 Bank taxes on the front page of The i today! 🚨

Our #TaxTheBanks campaign has never felt this close to a win - now we need you to email your MP to get it over the line!

Head to bit.ly/TaxTheBanksMP... and use our template today!
Reposted by Positive Money UK
greencb.bsky.social
As per @positivemoneyuk.bsky.social’s East & Southeast Asia Green Central Banking report, Japan 🇯🇵 & the Republic of Korea 🇰🇷 are underperforming in their green central banking policies relative to the size of their economies & historic share of emissions. 

Japan and South Korea underperforming on their green central banking policies, report finds
While some progress has been made, Japan and the Republic of Korea's green central banking policies are lagging relative to their size and emissions.
greencb.co
positivemoneyuk.bsky.social
The big banks are closing branches, essential to communities, all while raking in record profits.

It's not right.

Thank you to @ageuklondon.bsky.social for speaking out about the impact of this.

We need a windfall tax on these profits *now*. Email your MP 👉 bit.ly/TaxTheBanksMPEmail
Reposted by Positive Money UK
neweconomics.bsky.social
This government wants to "build, baby, build". But who will benefit from this drive - property developers, or the rest of us? And if they reach their goal of building 1.5m new homes, what does this mean for the climate?

neweconomics.org/2025/10/a-be...
Image of a woman holding a baby and laughing with a small girl. Text reads: A better way to tackle the housing crisis
How a universal basic services approach to housing could meet everyone's needs now and in the future
Reposted by Positive Money UK
taxjusticeuk.bsky.social
If you do one thing today ▶️ Use
@positivemoneyuk.bsky.social 's handy tool to email your MP and demand the government #TaxTheBanks!👇
positivemoneyuk.bsky.social
🚨 Bank taxes on the front page of The i today! 🚨

Our #TaxTheBanks campaign has never felt this close to a win - now we need you to email your MP to get it over the line!

Head to bit.ly/TaxTheBanksMP... and use our template today!
positivemoneyuk.bsky.social
"Last year marked the first time since 2021 that the world’s banks collectively increased their fossil fuel financing"

Yet more proof from Which? that voluntary climate schemes for banks don't work.

We need the Bank of England to step up and regulate.
Some of UK’s biggest banks ‘investing ever larger sums into fossil fuels’
Which’s analysis follows research finding that the world’s biggest banks significantly increased their fossil fuel finance in 2024.
www.independent.co.uk
positivemoneyuk.bsky.social
Good to see Andrew Bailey flagging concerns with the misguided "deregulation for growth" agenda.

As we have warned, a growing financial sector does not trickle down to the majority of us, and we risk heading towards another crisis.
Bank of England governor urges caution over financial deregulation for growth
The speech effectively argued that while growth is important, regulation is needed to prevent another banking crisis.
uk.finance.yahoo.com
positivemoneyuk.bsky.social
🚨 Bank taxes on the front page of The i today! 🚨

Our #TaxTheBanks campaign has never felt this close to a win - now we need you to email your MP to get it over the line!

Head to bit.ly/TaxTheBanksMP... and use our template today!
positivemoneyuk.bsky.social
🚨NEW ACTION: Ask your MP to write to Rachel Reeves to #TaxTheBanks in her Autumn Budget! 🚨

Big banks have raked in billions thanks to higher interest rates without having to lift a finger - it’s time for them to pay up. Use our tool to contact your MP today 👇

bit.ly/TaxTheBanksMP...
positivemoneyuk.bsky.social
Clear demonstration of how breaking free from fossil fuels brings down bills 👏👏👏
nicolasfulghum.bsky.social
NEW ANALYSIS | Spain is successfully decoupling electricity prices from gas power costs 🇪🇸⚡️

Spain reduced the number of hours where electricity prices exceed gas costs by 75% since 2019.

As a result, Spain's electricity prices were 32% lower than the EU average in H1-2025.
Reposted by Positive Money UK
neweconomybrief.bsky.social
What could the government’s new focus on 'contribution' mean for policy? This week's New Economy Brief explores the economic themes in the Chancellor's speech and what they might signal ahead of the Autumn Budget: neweconomybrief.net/the-digest/l...
Reposted by Positive Money UK
positivemoneyuk.bsky.social
"Banks cannot reasonably claim that higher taxes would hamper their investment in the UK when the ‘big four’ diverted over £33 billion to shareholders last year."

We told @labourlist.bsky.social why the arguments banks are making against a windfall tax don't hold water.
‘Taxing banks is a political no-brainer to fill the Chancellor’s fiscal hole’ – LabourList
Since the government rightly backtracked on planned cuts in the welfare bill early this summer, the Chancellor has been beleaguered by the question of how…
labourlist.org
positivemoneyuk.bsky.social
It's positive to see Bank of England interest rate-setters acknowledging the risks of keeping rates high for too long.

As our friends at @neweconomybrief.bsky.social explain in this great piece, interest rates just aren't fit for purpose right now 👉 www.neweconomybrief....
Reposted by Positive Money UK
sharethewealthuk.bsky.social
A teacher on a £40k salary pays more tax than someone who makes the same from selling shares.

Why is income from shares taxed less than income from work?
Reposted by Positive Money UK
green-alliance.org.uk
A decade after Mark Carney's warning on the risk the climate crisis poses to financial security, the Bank of England still hasn't acted.

Our new briefing with @positivemoneyuk.bsky.social shows why it’s essential for the Bank to support the green transition to secure financial stability.

1/3
The Bank of England is holding back the government’s economic missions: here’s how it should support green growth
Positive Money
buff.ly
positivemoneyuk.bsky.social
And lower inflation would mean the Bank of England lowering interest rates, which would also reduce the cost of living!

Only measures that tackle issues of affordability will keep this government in power.

Public investment is fiscally responsible.

ENDS
positivemoneyuk.bsky.social
Such policies should include bringing essential utilities back into public ownership.

This would lower bills (@cmmonwealth.bsky.social finds every household has paid a £250 “privatisation premium” each year since 2010).