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Positive Money was founded ten years ago to tackle the power of big banks and fight for a money system that serves society instead of undermining it. And while we’ve had loads of great achievements over the years, right now John, we need to step up a gear - because a decade on, the injustices in our society have reached new levels.
Over the next year UK banks are set to rake in at least £1 billion in interest payments from covid loans paid by the government. At the same time, the Bank of England is using public money to bail out big polluters who are cutting jobs left, right and centre. [1]
After the financial crash the banks got bailed out and the public got sold out. Now, it’s happening again as state-backed covid loans mean we’re walking blindly into bank bailouts. This time around we need to step up our fight, and make sure it’s the public’s - not the banks’ - needs that are met.
And if there’s one thing we’ve learnt from the last decade, it’s that when we band together, we can change things. Positive Money is a people-powered organisation. John, please will you make a donation now? The more of us who pool our resources, the more impact we can have. It’ll take you less than two minutes. |
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This month Positive Money celebrates its 10 year anniversary. [2] It’s important to step back and celebrate the triumphs we’ve made happen together over the years (that’s what our new video is all about!) while staying realistic about the huge challenges ahead of us.
Central bankers. Headline writers. HSBC and Barclays. We’re up against some of the most powerful people in the UK and Positive Money is limited to a pretty shoe-string budget compared to them.
We can’t rest on our laurels. This new recession means our mission has never been more important. In the next few weeks and months, we’re going to hear the same old debates scaremongering about government debt and austerity on our TVs and radio. Positive Money needs to be there to change what people believe is possible.
If we’re to influence more politicians, public and the media, we simply need more of us to chip in. So if you can, John, please will you make a donation today and help us crank up the fight for a fairer money and banking system? It only takes a minute or two. |
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Many thanks for all your support,
Hannah, Rachel and the rest of the Positive Money team P.S: In our original email we sent about this last week, we incorrectly stated that “In 2011 we published the book Where Does Money Come From?” We would like to apologise for this mistake and clarify that it was the New Economics Foundation that published this book, not Positive Money. Andrew Jackson from Positive Money supported the research and writing of the book with Richard Werner, and Josh Ryan Collins and Tony Greenham from the New Economics Foundation. Read more about our achievements in the last 10 years here. [1] Taxpayers on the hook for billions of pounds of Covid loans made to criminals, report finds, The Independent: Test And Trace Consultants 'On £7k A Day' Sparks Outrage, Huffington Post: Where are the Conditions for the Billion £ Bailouts?, Positive Money: www.positivemoney.org/publications/ccff/ [2] It’s our 10 year anniversary, Positive Money: https://positivemoney.org/2020/09/its-our-10-year-anniversary/ |
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