Think tank calls for Welsh community bank plans to be replicated in Scotland
Scottish think-and-do tank says Welsh Government plans to launch community bank could create a system that serves people before profit
AN ANNOUNCEMENT by the Welsh Government that it aims to complete its proposals to launch a community bank by 2022 has been welcomed by Scottish think tank Common Weal.
The Welsh Labour Government last year proposed the establishment of a Community Bank of Wales, to be owned by members on a one-member-one-vote basis, with the aim of ensuring the availability of banking services across the country, including in rural areas.
Scottish National Investment Bank Takes Another Step Forward
Book Review: Shredded - Inside RBS, the bank that broke Britain
Journalist Alasdair Clark reviews the latest edition of Ian Fraser’s best-selling book on the Royal Bank of Scotland, taking in the bank’s latest scandals
NOTHING about the reality of Britain can be properly understood without knowledge of the financial crash which nearly cost us everything. Ian Fraser's Shredded shines a bright light on the bank which was and remains at the cente of that story.
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.