ShareAction’s Post

The six-hour U-turn that saw the EU vote for austerity - an article by our General Secretary Esther Lynch on EUobserver ...It means that, under the rules, just four member states would be able to make the investments needed to meet the EU's climate commitment, according to research by the New Economics Foundation. The coincidental timing of the adoption of these rules proved that policy is being made on the basis of political dogma and not what is working in practice. Quality jobs, a green economy and a fairer society is being sacrificed to satisfy spreadsheet economics. The EU's own analysis has made it clear this is economic self-sabotage... https://lnkd.in/e2daUuS9 #NoToAusterity #TradeUnions

💬What is the UK public thinking about the economy in the run-up to this week's general election? New data shows strong support across the country for bold economic and political reform. The Earth for All 2024 Survey conducted by Ipsos for Earth4All and Global Commons Alliance reflects widespread concern over economic inequality and support for action on carbon emissions, as well as significant backing for progressive tax policies. Does government policy match up to public opinion? Scroll ➡️ to find out what we've learned, and read about the full UK results ⏩ https://lnkd.in/dsgh4uwT

The Business Council is calling for a national discussion on tax reform to start a process which deals with the extraordinary economic cliff Australia will face in the future, including a declining participation rate and revenue shortfall of $140 billion.   As the latest Intergenerational Report found, we face a ticking time bomb of economic shocks which will mean our living standard drops dramatically unless we act now.   The national discussion could include a diverse range of events and opportunities to participate, and with businesses, policy experts, unions and bureaucrats at the table.   Building consensus for change doesn't happen in one event or one discussion and we are determined to work with all stakeholders to find a way forward.   Read our full media release here.  https://bit.ly/3OqzUp0

Our 27 Finance Ministers are in talks about reforming EU debt and deficit rules. It's crucial that these new rules strengthen public services like health & education and fight against the climate crisis in every EU nation. 🇪🇺Environmental taxes account for less than 6% of total taxes EU-wide. 🔁It’s not the time for another round of #austerity. It's time to shift the tax burden from labour to wealth, pollution and resource-use. 🌍 Investing in green and fair solutions now will save us money in the long run.  🤝 Let's champion a future where prosperity is green and fiscal rules promote climate action. We need an economy that serves the well-being of people and nature, not one that encourages abuse and rising inequality. We need Fiscal Matters in the EU. https://fiscalmatters.eu/ #FundOurFuture

The UK’s Labour Party, led by Sir Keir Starmer, won a decisive victory in the country’s general election held on July 4th, unseating Prime Minister Rishi Sunak and the Conservative Party in a landslide. The shift in power marked a significant political change, with Labour gaining substantial ground across the UK, including in traditionally Conservative strongholds. I asked SigTech Finance GPT (available on ChatGPT-4o at http://bit.ly/458h3Gl) to provide a financial overview based on these events. Here is the sample investment approach it provided: 1. Equities: Allocate a portion of your portfolio to UK equities, focusing on sectors likely to benefit from increased public investment and green initiatives. 2. Bonds: Consider government and corporate bonds to provide stability and income, especially those tied to infrastructure projects. 3. Real Estate: Explore opportunities in real estate sectors that might benefit from government housing policies and infrastructure development. 4. Alternative Investments: Look into renewable energy projects and other sustainable investments that align with the new government's priorities. #SigTech #SigGPT #Finance #Economics #UK #Britain #LabourParty #GeneralElection #Election

"Rather than a threat, the Inflation Reduction Act is an opportunity for British businesses to increase their output, attract private investment, and develop high quality jobs" Read Gideon Salutin in City AM on how the UK should respond: https://lnkd.in/grpZ77q2 You can find Gideon's new briefing, surveying international responses to the Inflation Reduction Act and identifying lessons for the UK government, here: https://lnkd.in/gzYGX-TX

UKSIF congratulates Sir Keir Starmer and the Labour Party on their electoral success and looks forward to working with the new government who must act quickly to remove the barriers to private #investment in our #sustainable future, which is vital for the creation of a cleaner and greener economy. We’re pleased with the impact our contribution has had on the election debate, particularly through our #FinancingTheFuture reports. There is widespread recognition of the large volumes of capital in the private sector ready to invest in the UK if we can eliminate the barriers to investment, such as planning rules and grid connections, project pipelines, building long term investor confidence, and having a government that works in partnership and active cooperation with companies and investors. The prize is huge. By making the UK more attractive to private capital, we can secure billions in green investment across the UK, deliver a sustainable future, grow the economy, and create new jobs.

UKSIF congratulates Sir Keir Starmer and the Labour Party on their electoral success and looks forward to working with the new government who must act quickly to remove the barriers to private #investment in our #sustainable future, which is vital for the creation of a cleaner and greener economy. We’re pleased with the impact our contribution has had on the election debate, particularly through our #FinancingTheFuture reports. There is widespread recognition of the large volumes of capital in the private sector ready to invest in the UK if we can eliminate the barriers to investment, such as planning rules and grid connections, project pipelines, building long term investor confidence, and having a government that works in partnership and active cooperation with companies and investors. The prize is huge. By making the UK more attractive to private capital, we can secure billions in green investment across the UK, deliver a sustainable future, grow the economy, and create new jobs.

👀 EU Finance Ministers, we're watching you. We need fiscal rules that support a fair green transition & not harm future generations. ⏳ The time for change is NOW. Say NO to austerity & YES to prosperity. Check out http://fiscalmatters.eu & join campaign to #FundOurFuture #FiscalMatters