The banking sector isn’t working for people, small business or wider society. Despite plunging the economy into the worst recession in living memory and enjoying the biggest tax-payer bailout in history, big banks continue to profit while public services and local economies starve.
These are very much the concerns of Move Your Money, a new campaign launched last week , at the onset of the banking bonus season.
Move Your Money UK seeks to use consumer power to both raise awareness around and support mutually owned, ethical and socially useful banking providers, such as credit unions, building societies, community development finance institutions. It wants to see a financial system that works for people and society, it seeks to engage the public with the financial system and to promote an open and constructive dialogue between the two.
The B£ is delighted to support the Move Your Money campaign, as it is very much in line with our own aims of empowering people to reclaim control over their money through their spending decisions (a local currency enables just that!), and through supporting ethical banking providers (such as the London Mutual Credit Union on Acre Lane) who will reinvest into local communities, small businesses, and those who are financially excluded.
You can check out the Move Your Money campaign here, and also see a very funny video about some high street performers…Lastly, you can read more about our Brixton based ethical bank, the London Mutual Credit Union, right here. (Place your cursor over any of the bold text and a link will appear).
Will you move your money?