Policy Round Up
Research commissioned by community finance lender, Charity Bank, has found that around two-thirds of the public believe it is important for charities to invest their savings ethically. The poll of around 2,000 adults found that only 8% believed it was ‘not important' for investment decisions to reflect the charities' aims.
With economic growth still failing to materialise and questions remaining over the private sector's ability to create jobs to replace those lost in the public sector, the government is coming under pressure to publish a coherent growth strategy. The Conservative Chairman of the Treasury Select Committee, Andrew Tyrie, is the latest to suggest the government lacks a clear and credible plan for economic growth.
A new report from Consumer Focus examines financial exclusion in the UK, France, Germany and Australia. The report finds that social lending and credit caps in France and Germany means they have higher levels of financial inclusion and that banks in Australia do much more than those in the UK to finance alternatives to high cost credit.
The President of the European Union, Jose Manuel Barrosa, used his annual State of the Union address to call for a Financial Transaction Tax (FTT). The FTT, along the lines as that proposed by the Robin Hood Tax campaign, has the support of the German and French governments (and Microsoft founder, Bill Gates!), but is being opposed by the UK Government.
A study of over 100 Participatory Budgeting (PB) schemes across England, commissioned by the Department for Communities and Local Government, has been published. Communities in the driving seat: a study of Participatory Budgeting finds that PB can help attract additional funding, lead to different outcomes to usual decision making processes and improve information available to service providers.