The new Financial Inclusion Strategy doesn't meet the moment economically or politically. There is plenty of good in it, but it will still leave millions prey to high cost credit and loan sharks, and doesn't deliver the bold action the public wants. My analysis: www.linkedin.com/feed/update/...

📢 The government’s Financial Inclusion Strategy is out. Some practical steps on #AffordableCredit are welcome, but it still falls short of the scale of change needed. A #FairBankingAct would provide the clear, measurable framework this issue deserves. #FairBankingForAll

The 60 biggest global banks have a massive $1.1-$1.6 TRILLION exposure to the riskiest fossil fuel assets. New @financewatch.bsky.social report with recommendations on how changing insurance rules could be a game changer. www.finance-watch.org/wp-content/u...

The wealth share of the bottom half of the UK population shrunk from 2.45% to 2% between 2011 and 2021. Meanwhile, the share of the top 10% continued to rise, to 60.75%. Is it any wonder people are p***ed off? This & more from @fairness.bsky.social : fairnessfoundation.com/risks-2025

Tomorrow (15/10) is the deadline to apply to be on the board of the wonderful @thefinancelab.bsky.social! Thank you so much to everyone who applies, and to everyone who helped share this - I really, really appreciate you ❤️

Come work with me! We need Trustees with skills in: financial sector policy / communications / fundraising. Who are passionate about changing UK financial system rules for social and economic justice. DM for a chat. Thanks for sharing! financeinnovationlab.org/join-our-tru...

RIP the Net Zero Banking Alliance, & effectively RIP GFANZ & the idea that big financial institutions would lead us in the just transition. Only governments can provide this leadership, with support from financial sector allies & impetus from active citizens: www.linkedin.com/feed/update/...

The world’s 60 largest banks hold $1.6 trillion USD in credit exposure tied to fossil-fuel activities - new @financewatch.bsky.social research: www.finance-watch.org/policy-porta...

Something quick & important to do today: write to your MP asking them to support rule changes to divest all pensions from fossil fuel expansion: actionnetwork.org/letters/writ...

Come and help us transform UK finance rules for social and economic justice - we're looking for new board members! Especially those with expertise in policy, comms or fundraising. DM if you want to chat about it. Full deeds here: financeinnovationlab.org/wp-content/u...

My latest Changing Finance roundup is out: 🌱 Why the UK’s approach to greening finance is failing ⚠️ Could private credit spark the next financial crisis? 💸 The gender wealth & pensions gaps 🌍 Who really owns Britain? Read it here 👉 financeinnovationlab.org/changing-fin...

📢Volunteer recruitment📢 Could you help @TheFinanceLab transform the financial system for the better? Apply to join our board of trustees! Find out more and apply. app.beapplied.com/apply/yg7lao... Closes 15 October 2025.

72% of EU companies have a high dependency on at least one ecosystem service, and most of the ecosystem footprint is supported by just 100 banks (of the 2500 banks analyzed). Nice short summary of new academic paper: www.linkedin.com/feed/update/...

The gender wealth gap in the UK is 21% - new @womensbudgetgrp.bsky.social research www.wbg.org.uk/wp-content/u... Nearly all of this is due to pensions wealth. Another reason why we need fundamental reform of the pensions system: financeinnovationlab.org/our-work/fai...

"The Global anti-financial crime system is broken" - Sobering from @rusi.bsky.social Good on the problem of relying on FIs as police. There's a deeper systemic issue: a system designed to service international capital is likely to be easy for criminals to use. www.rusi.org/explore-our-...

"The crypto crises are coming" - thanks to new US legislation. Crypto is also a boon for money launderers and serves little economic purpose.... so we should be using regulation to curb it, not encourage it, as the UK is threatening to do. www.project-syndicate.org/commentary/u...

Want to volunteer your time and expertise to help us fundamentally change UK finance rules? Apply to be a trustee of Finance Innovation Lab - DM me if you'd like to chat, and thanks for sharing! More diets here: financeinnovationlab.org/join-our-tru...

Who Owns Britain? Super interesting and important work from @cmmonwealth.bsky.social www.common-wealth.org/interactive/...

UK finance lobby’s growing influence threatens our interests - from @mickmcateer.bsky.social www.opendemocracy.net/en/uk-financ... @opendemocracy.net

Shocking: 98% of publicly listed companies 'lack credible climate transition plans' Report from @tpicatlse.bsky.social examining 2000+ companies = 3/4 of global publicly listed equities. [Why we need govts + regulators to step up] www.transitionpathwayinitiative.org/publications...

3 reasons why lighter crypto regulation is a bad idea: 1. High risk of financial crisis 2. "Cryptoassets are increasingly used for laundering all forms of proceeds of crime." (NRA) 3. Crypto = speculative asset, not a support for investment www.ft.com/content/3b81...

5 reasons why the financial-risk based approach to climate change has failed - @jryancollins.bsky.social 1. Uncertainty not risk 2. Single materiality 3. Complexity & opacity of system 4. Conflicts of interest 5. Prices not only things affecting lending/ investment medium.com/iipp-blog/th...

Dangerous financial sector deregulation alert : a new proposal to stop financial sector regulators from considering non-statutory issues, including environmental impacts, or impacts on financial exclusion, when setting most rules for the system: www.linkedin.com/feed/update/...

Timely advice for UK from a Fed. Reserve Governor on financial crises: ".... lessons for policymakers: maintain a through-the-cycle perspective rather than believing "this time is different"; resist pressure to loosen regulations during boom times. " uk.investing.com/news/economy...

The government's new Financial Services Growth and Competitiveness strategy risks undermining its industrial policy & growth mission. Here's my analysis: www.linkedin.com/pulse/govern...

Barclays is the bigger financer of coal in Europe - new report. www.stillbankingoncoal.org/report/europe

💰 UK pensions (£3trn) are still backing fossil fuels—even as climate shocks threaten to wreck the economy and our retirements. We back an amendment to the Pensions Schemes Bill to ban thermal coal + review fossil fuel risk. Here's my NZI piece on this: lnkd.in/es9cc4gY #ClimateRisk #Pensions

How the next financial crisis starts - long read focussing on the impact of physical risk on insurers, and how this could lead to property price falls that could trigger a crisis

Here’s my take on the UK’s new Industrial Strategy — and what’s still missing 🧵 A serious piece of work, with big ambitions. But also some major omissions. My analysis: 👇

The 2025 Financial Secrecy Index confirms the UK's shameful position as a major enabler of companies and individuals who want to hide their money from the rule of law, with 4 of the 20 worst offenders: Guernsey (9) BVI (16) Caymans (19) UK (20) #stopdirtymoney

Great article: how a lack of financing (on the right terms) holds back proven technologies, not just novel ones. The National Wealth Fund should back proven tech like wind, solar, retrofitting where the market fails to scale up. greenallianceblog.org.uk/2025/05/22/l... @NEF @GreenAllianceUK

Interesting article on how China is using financial sector policy to boost its green economy. Key tools, which could be used in the UK include giving cheap loans for green investments, and reducing the cost of capital through the collateral framework. greencentralbanking.com/2025/05/23/h...

Major coalition pensions campaign launched today - please sign petition & share! act.350.org/sign/fairer-... Calls on govt to truly fix the system to deliver decent pensions for all, invest in the just transition, & phase out destructive investment. uk.news.yahoo.com/jason-isaacs...

America is becoming the greatest tax haven in history - from Joseph Stiglitz www.project-syndicate.org/commentary/a...

Here's my succinct roundup of financial system news for this month - enjoy! Main stories are: poor enforcement of economic crime rules; how the financial system is/isn't adapting to the climate crisis. Oh & whether the whole system will collapse ... financeinnovationlab.org/changing-fin...

Who gets access to Ministers and civil servants? Great report from @spotlightcorruption.org showing, for example, that business/commercial stakeholders got 23 times as many meetings as charity/consumer/public interest group stakeholders. www.spotlightcorruption.org/wp-content/u...

Interesting attempt to identify and analyse who 'elites' are across the world - the World Elite Database. worldelitedatabase.org?mc_cid=c881c... And a useful summary, where I got the pic (which shows how incredibly male elites are) onlinelibrary.wiley.com/doi/10.1111/...

There's still one day left to apply to be a trustee at Debt Justice! Trustees are volunteers who play an important role in our governance. The deadline to apply is tomorrow morning at 9am, more details about the role and how to apply here: debtjustice.org.uk/news/trustee...

Labour's focus on deregulation of finance is dangerous in a time of global financial instability : www.theguardian.com/business/202... Makes similar points to the ones I made here about v high debt levels + growth of shadow banking as major underlying problems : www.linkedin.com/pulse/we-clo...

What is happening to international aid? Brilliant visualisation showing: - Falling in absolute terms after a long period of increase - Been fairly stable as a % of donor GNI over a long period - decreasing shares to health, low-income countries

Triodos Bank has quit the Net Zero Banking Alliance after it abandoned commitment to 1.5 degrees. The battle to green the financial system continues - but now strategies need to focus on mobilising allies to get governments to act. www.netzeroinvestor.net/news-and-vie...

Killer stat from New Capital Consensus report on why the UK fin. system is SO BAD at supporting UK firms: In 2023 UK stock markets raised just £4bn in primary capital (for new companies / expansion) - but paid £87bn in dividends & £35bn in share buybacks. tinyurl.com/2rp6eaft

The Bank of England just set out how it will monitor systemic risks to the financial system that AI could cause. They rightly warn that AI could cause systemic crises - but the risks are more worrying than the BoE recognises. A 🧵 . www.bankofengland.co.uk/financial-st...

Now more than ever, the UK needs an ambitious plan to scale up investment in the just green transition: pensions reform allied to a scaled up, effective National Wealth Fund are major tools to do the job. My new Op Ed in NZI: www.netzeroinvestor.net/news-and-vie... @jayasood.bsky.social

This is appalling- Only 3% of fines on offshore companies for not declaring UK property collected. #stoptaxdodging #stopdirtymoney

Informative summary of why we should be v. scared about US financial markets & major fin. crisis potential - @adam_tooze on why the US looks like an emerging market, with stocks, bonds & the dollar all taking a battering.

At the end of a slightly terrifying week, where a major financial crisis was averted – for now – I thought I’d reflect on whether such a crisis might happen anyway, and what this means for UK financial sector policy. A thread. /1

Join our board! You'll play a key role in supporting a dynamic and exciting campaigning organisation that works in solidarity with people affected by debt in the UK and in the global south to challenge poverty and inequality caused by unjust debt. www.debtjustice.org.uk/trustee

HMRC is not the big 'winner' from yesterday's statement by the Chancellor - there are a host of problems that will impede the promised crackdown on tax dodging: useful analysis from @taxwatch.bsky.social preview.mailerlite.com/e7c5c7u3y5/2...

Our pensions are currently being invested in industries that drive the climate & nature crisis, meaning that they could be worthless by the time you retire. Our CEO, @jesselgriffiths.bsky.social, joined The Pension Confident Podcast this week to talk about this and how we fix it. pod.fo/e/2b223b