Category: Purpose of Finance
Blog: Has efficiency improved in the European finance industry?
Ground-breaking research undertaken by Guillaume Bazot in collaboration with the Pensions Insurance Corporation discloses the cost of finance to the end user in the UK, France and Germany over a period of 70 years. Despite the centrality of the UK’s financial services sector in the functioning [...]
Read moreBlog: Changing investment law for inclusive capitalism
The resignation of Sacha Romanovitch as Chief Executive of Grant Thornton – and the campaign waged against her by some of her partners – was a good reminder that inclusive capitalism won’t just happen because right minded people want it. If the press reports are to be believed, a significant [...]
Read moreBlog: The investment system must be transformed to become a vehicle for inclusive growth
This month, we mark the 10th anniversary of the 2008 financial crash with distressing levels of poverty prevalent in the UK. According to the Joseph Rowntree Foundation, one in eight UK workers (3.7 million) was living in poverty in 2017. We will find it hard to tackle this as long as our [...]
Read moreBlog: The Purpose of Finance – APPG roundtable discussion
by Liam Byrne MP, Chair of the All-Party Parliamentary Group on Inclusive Growth
The finance industry is one of the UK’s most successful industries. But it’s an industry most associated with boosting inequality than equality. And when things go wrong they go badly wrong for all of us. For years, we’ve focused on how the finance industry works, but not on why, or in other [...]
Read moreBlog: Reflections on the ‘Purpose of Finance’ from Positive Money
by Rob Macquarie, Economist, Positive Money
Positive Money is delighted to see a Parliamentary think tank addressing long-standing problems with our monetary and financial system. David Pitt-Watson and Hari Mann’s effort to kick-start a debate on the purpose of finance is an important contribution to the struggle to improve the sector [...]
Read moreBlog: What is the purpose of finance?
by Hari Mann and David Pitt-Watson, Purpose of Finance initiative, Pension Investment Corporation
So what is the purpose of finance? Try that question over dinner and you will likely get a somewhat cynical reply, about its self-serving nature. Financial crisis after crisis, scandal after scandal have not helped to build a narrative that the finance serves any purpose than to serve itself. [...]
Read moreBlog: HOW CAN THE FINANCIAL SERVICES INDUSTRY WORK WITH POLICYMAKERS TO SUPPORT INCLUSIVE GROWTH?
by Amelia Watts, Communications Manager, Blueprint for Better Business
‘At a time when technology is rewriting international financial services, we need to ask how policy is best placed to manage this process and ensure it reduces inequality and creates inclusive growth’ Greg Medcraft, Director of the OECD Directorate for Financial and Enterprise [...]
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