No 10 petition: Positive Money retweeted by Paul Gosling – a real accolade
Respected journalist, author and much more, including earlier experience in local government, retweeted a link to this message from David Clarke:
After the Conservatives’ shock victory in the UK last Thursday, the nation is left wondering – what can we expect from the new government over the next five years?
Much of the post-election analysis has pointed towards the Tories’ handling of the economy as a key factor in the party’s electoral success. But beneath the headline economic indicators is a far more complex picture.
For millions of people, the recovery has barely been noticeable and the ratio of household debt to income will soon surpass its pre-crisis level.
The new government will only be able to bring about a sustainable recovery if it finds policies that will allow the level of household debt to start falling. As we have long argued, this is simply not possible in a system where the supply of money depends on increasing bank lending, the large part of which goes towards the property market.
In the next Parliament we will campaign for Parliamentary monetary commission to be set up to analyse the role of money within banking. However, right now we are getting ready to head to 10 Downing Street.
We are taking our message, that money creation should only be used in the public interest, to David Cameron. Next Tuesday 26th May, members of the Positive Money team and supporters will deliver this petition (signed by almost 12,000 people) to 10 Downing Street. You are welcome to join us! Email email@example.com to find out how.