OUR POST-COVID ECONOMY SHOULD PRIORITISE WELLBEING

The Business, Energy, and Industrial Strategy Committee

Sign this statement to support Positive Money’s five policies below for a fairer, greener economy.


Sponsored by

To: The Business, Energy, and Industrial Strategy Committee
From: [Your Name]

Prioritise public wellbeing - The government should prioritise social and environmental wellbeing indicators over GDP growth in the recovery from the pandemic, and implement policies that reduce the economy’s dependence on GDP growth.

Make banks serve people and planet - The Treasury and the Bank should reform the banking sector, via regulation of commercial banks and the expansion of public banking services, such that the banking system better supports green and innovative economic activity.

Create green jobs - The Treasury should implement a job guarantee to train and hire workers in green sectors such as renewable energy and retrofitting of housing, as well as basic services such as healthcare, social care, and education.

Use the Bank of England’s money creation powers for good - The Treasury should make full use of its fiscal space, supported by the Bank of England’s capacity for monetary financing, to spend the amount necessary to achieve human wellbeing within ecological limits.

Attach social and environmental conditions to bailouts - The Treasury and the Bank of England should urgently attach social and environmental conditions to the bailouts provided to big corporations via their multi-billion Covid Corporate Financing Facility (CCFF).