To deal with the big social, economic and environmental challenges we’re facing today, we need to transform our money and banking system. Positive Money’s goal is for a money and banking system that serves a fair, democratic, and sustainable economy. We are a team of researchers andcampaigners. We work with economists, academics, journalists, policy makers and the public to bring about a fairer money and banking system.
New Campaign Campaigns
Stop the war on cash: Intervene to stop cash machines closing at a record rateThe news that cash machines are closing at a record rate is alarming. Over two million Britons rely on cash for their day-to-day shopping, including many of society’s most vulnerable, such as older people and those on low incomes. And cash is essential for many small businesses. Removing dozens of isolated machines will leave many communities entirely without access to their money. The banks claim this is just a reflection of changed consumer behaviour - with lots of people not using cash anymore. But a majority of people choose to use cash regularly, and the public’s demand for cash is greater than ever before - 77 percent of people consider access to a free-to-use cash machine as essential to their lives. This is about banks putting the cash machine network under pressure to cut costs, combined with card companies’ efforts to make cash machines unprofitable. The regulator needs to step in to make sure our voices as consumers are being represented.2,687 of 3,000 SignaturesCreated by Rachel Oliver
Appoint more women, BAME and non-finance sector candidates to the Bank of England's senior positionsThe Bank of England's policy making committees make decisions which have a huge impact on everyone in Britain, yet their members come from a narrow range of backgrounds. Over the last decade, the Bank’s policies have disproportionately benefited the wealthiest in society, while doing very little for the rest of us.  Unless its most powerful committees are representative of society as a whole, they won’t fully understand how every community is affected by their decisions. 75% of those on the Monetary Policy Committee, which is in charge of setting interest rates and policy such as quantitative easing, were working in the City or for large companies before taking up their post. There are no members with recent experience working on behalf of the interests of the rest of society, such as in trade unions or civil society organisations. And out of the 23 members on the Bank’s most important committees, only two are female, and BAME communities are underrepresented. Appointments to the Bank’s most senior positions are made by the Chancellor. We support Chair of the Treasury Select Committee, Nicky Morgan MP's recent call for Philip Hammond to seek out and appoint a more diverse range of candidates. -----  Researchers at civil society organisations like Positive Money have shown that quantitative easing and low interest rates - the Bank of England’s main policy responses to the crash - have benefited the richest households by almost 200 times as much as the poorest. See our website for more details.1,173 of 2,000 SignaturesCreated by Rachel Oliver