Category: Purpose of Finance

Blog: Has efficiency improved in the European finance industry?

by Guillaume Bazot

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 [...]

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Blog: Changing investment law for inclusive capitalism

by Charles Seaford

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 [...]

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Blog: The investment system must be transformed to become a vehicle for inclusive growth

by David O’Sullivan

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 [...]

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Blog: 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 [...]

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Blog: 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 [...]

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Blog: 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. [...]

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Blog: 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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Blog: TOWARDS THE MANIFESTOS: Business perspectives on poverty and

𝐍𝐨𝐭𝐞𝐬 𝐟𝐫𝐨𝐦 𝐚 𝐩𝐫𝐢𝐯𝐚𝐭𝐞 𝐯𝐢𝐫𝐭𝐮𝐚𝐥 𝐫𝐨𝐮𝐧𝐝𝐭𝐚𝐛𝐥𝐞 𝐨𝐧 𝐓𝐮𝐞𝐬𝐝𝐚𝐲 𝟏𝟕 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝟐𝟎𝟐𝟑 𝐚𝐭𝐭𝐞𝐧𝐝𝐞𝐝 𝐛𝐲 𝐚 𝐠𝐫𝐨𝐮𝐩 𝐨𝐟 𝐔𝐊 𝐩𝐚𝐫𝐥𝐢𝐚𝐦𝐞𝐧𝐭𝐚𝐫𝐢𝐚𝐧𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐯𝐞𝐬

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Blog: THE ROLE OF BUSINESS IN PROMOTING INCLUSIVE GROWTH

‘There is strong evidence that the current level of inequality is unsustainable from a political, social and economic perspective. We have changed the inclusive growth narrative, but now action must follow.’ Gabriela Ramos, OECD Chief of Staff and Sherpa to the G20, speaking to the OECD Global [...]

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Blog: INCLUSIVE GROWTH: FROM ANALYSIS TO ACTION

Last month we were honoured to be invited to join the All Parliamentary Party Group (APPG) on Inclusive Growth at the OECD Global Parliamentary Network meeting in Parliament which was held to discuss inclusive growth. The organisers invited a number of business leaders associated with [...]

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Blog: New figures suggest top 1% could own two-thirds of global we

New figures suggest top 1% could own two-thirds of global wealth by 2030 Research suggests British people worried by growing political power of global super-rich The top 1% of the world’s population could own two-thirds of the planet’s wealth by 2030 if inequality grows at the same [...]

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Event: OECD Global Parliamentary Network Meeting on Inclusive Growt

We are pleased to be hosting the Meeting of the OECD Global Parliamentary Network “on the road” in London on 4-5 April 2018. The meeting will be organised jointly by the OECD and the All-Party Parliamentary Group on Inclusive Growth and will be held here at Westminster. This event, which is [...]

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