Submission on the Scottish National Investment Bank
In May 2019, the Scottish Parliament's Economy, Energy and Fair Work Committee asked for expert submissions on the ongoing work to establish a Scottish National Investment Bank.
Common Weal, as initiators of the policy, were invited to present our views on the progress being made by the various stakeholders towards the launch of the bank and what our views were on the scope and structure of the bank should be as well as what the missions of the bank should look like.
Paying Our Way: The Case For A Scottish Payments System
Financial Services expert Peter Ryan returns to Common Weal with his latest policy paper advocating for a not-for-profit payments system to be rolled out across Scottish local authorities.
You can download the paper in full here.
Imagine you and I are an economy of two people. I pay you £100 in cash for goods. You, in turn, pay me £100 for services. Our economy ticks along just nicely exchanging goods and services with the cash transferring between us.
Breaking the Bankruptocracy: CommonSpace special week of coverage 10 years after the Crash
CommonSpace wants to hear your ideas on alternatives to bankruptocracy during our special week of coverage – email firstname.lastname@example.org
15 SEPTEMBER will be exactly 10 years since the Lehmann Brothers US investment bank collapsed, the key moment in the great financial crisis of 2008.
We all know what happened next – the losses were socialised while the bankers kept their profits and bonuses. While home owners faced repossession, the bankers quickly got back to the same old tricks.
Ian Fraser: The Growth Commission's banking regulation proposals miss an opportunity to give finance a social purpose
Ian Fraser, award-winning financial journalist and author of ‘Shredded: Inside RBS, The Bank That Broke Britain’, argues that the SNP’s Growth Commission takes a “not frightening the horses” approach to banking regulation, which misses an opportunity to give finance a social purpose in an independent Scotland
Growth Commission: Sticking with UK banking regulation rulebook would be a ‘curious misstep’, finance experts say
Adopting UK banking regulations in an independent Scotland would be at odds with the work of the SNP in Westminster, according to former SNP MP George Kerevan
FINANCE campaigners and experts have told CommonSpace that the plans in the Sustainable Growth Commission to adopt the UK’s financial regulation rule-book in an independent Scotland would be a “curious misstep”.
Robin McAlpine: Welcome to nowhere – I think you'll like it
Common Weal director Robin McAlpine says that while big banking executives may be frightened by an approach to public policy which comes from ‘nowhere’, grassroots and transparent popular policy could be revolutionary
IT’S been a good week for Common Weal, and perhaps the highlight was when I got the text last Friday night to say that after a great targeted campaign by the team we, alongside our grassroots partners in the SNP, successfully got a motion to support a National Infrastructure Company onto the provisional agenda for the SNP Spring conference.