Ellie McLaughlin

UK inflation rises unexpectedly to 3.6% driven by food and fuel prices Annual increase in June follows two months of negative growth and with speculation mounting over tax rises

It’s hard to see how you get food price inflation under control when every week brings fresh headlines of how climate impacts are leading to poor harvests…
www.theguardian.com/business/202...

Sadly it’s a civil society exclusive!

Really excited to be at @soasuni.bsky.social kicking off a two-day workshop on central banking, climate and green transitions for UK civil society

Kicking off day 1 - monetary policy - yannis dafermos, ulrich volz and @danielagabor.bsky.social

It's good to see Swati Dhingra highlight how important strategic investments are for responding to inflation driven by supply factors like our reliance on fossil fuels in response to questions from @jeevunsandher.bsky.social on the Treasury Select Committee 👇

Very interesting event in a couple of weeks for London folks hosted by @johnmcdonnellmp.bsky.social !

Issue 1: Climate Disaster → Insurer Fragility → Mortgage Delinquency “When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets”

🌪️ Climate disasters are hitting insurance and housing markets.

In the first #FedLit issue, @karlsson-kris.bsky.social & Sarah Bloom Raskin explore how fragile insurers and mortgage delinquencies are tied to climate risk—and why the Fed must act. fedlit.substack.com/p/issue-1-cl...

🚨 We’re hiring! 🚨 Come and join us as a Senior Researcher. Your skills & voice are needed now more than ever in the civil society space to drive change and progressive new economics! 🌍💡
#JobAlert #Economics #CivilSociety
positivemoney.org/vacancy/seni...

High time to reassess the Bank of England’s independence - OMFIF The general consensus on how best to run the monetary side of an economy has been to have an autonomous central bank – an entity with sole responsibility for controlling inflation and using standard m...

It surely cannot be tenable for the Treasury and Bank to continue to pass the buck of accountability between each other on something with such significant real-world consequences.

As this piece argues, this ought to be subject to a full public inquiry:

www.omfif.org/2025/02/high...

Vast sums of public money are ending up in the pockets of banks like Barclays, while the Government trails cuts to public services, refuses to reverse tory cuts to bank taxes, and pursues growth driven by financial deregulation.

Barclays announces £1bn share buyback after 24% rise in profits Barclays posted a 24% rise in both full-year pre-tax profits and those attributable to shareholders, as well as announcing plans for a £1bn share buyback.

Barclays have just posted £8.1bn in profits for 2024 - 24% higher than 2023.

Meanwhile, the Bank of England yesterday forecast that up to £150 bn - £30 bn a year - will be transferred from the Treasury to the Bank to cover QE losses.

uk.finance.yahoo.com/news/barclay...

Wonderful news in what has been an otherwise bleak week.

Huge congrats to everyone who has been fighting for this 👏

How mega-polluters take advantage of billions in green loans Some of the world’s biggest polluters are reaping billions of dollars through a lax form of green finance, a new investigation by The Examination has found.

Breaking: Deep investigation into the secretive world of so-called sustainability-linked loans and bonds issued by the world biggest banks to the world biggest polluters.

All with the aim of greenwashing both banks and energy companies.

@apnews.com digs into it here:

apnews.com/article/shel...

Timely new @positivemoneyuk.bsky.social report on the role of new forms of money and payments in creating a fairer global financial architecture.

Launch event linked below starting at 6pm this evening!

A ‘doom loop’ of climate change and geopolitical instability is beginning Climate change is driving inflation and instability, which harms climate action. But it’s not too late to escape the doom loop.

Scary stuff by @laurielaybourn.bsky.social and @jamesgyke.bsky.social on the climate-inflation doom loop:
As climate disruption kicks off, prices go up, central bankers hike and angry voters derail democratic systems, setting the stage for more disruption.

theconversation.com/a-doom-loop-...

My letter in the Financial Times - #TooMuchFinance, and the wrong sort of finance, supporting environmental destruction and economic exploitation

The Positive Money UK team are now on bluesky! 😍

Give us a follow for hot takes on financial regulation, public money/banking & greening finance 😎