Jesse Griffiths

Purpose-driven finance orgs could drive 'good growth' at every level: National- through scaled up NWF Regional - through regional mutuals Local - through Fair Banking Act More deets :https://www.linkedin.com/feed/update/urn:li:activity:7510239418188886016/

Here's a dramatic graph - just how small our Public Financial Institutions - like the National Wealth Fund - are compared to other countries. More deets here: www.linkedin.com/feed/update/...

Important arguments in 'The Fair Necessities' on tackling inequality, including that solutions abound - I fully agree! My experience has been that a lack of ideas is rarely the problem - it's how to build power to get good ideas accepted. More thoughts: www.linkedin.com/feed/update/...

To govern & regulate the financial system to work for people & planet, we need to take seriously the MASSIVE power imbalance between vested interests & the public interest. Moving beyond accountability, transparency & participation. More thoughts here: www.linkedin.com/feed/update/...

3 reasons why #crypto Stablecoins could threaten the financial system: 1. They can't be guaranteed at par (except by govt) 2. In times of stress, liquidity can't easily be provided (ditto) 2. If they get really big = problems More here: www.linkedin.com/feed/update/...

Many social care & nursery services are run by financial firms - this costs us a lot! It's crazy investment firms can make a killing from basic services that would be cheaper & better provided by not-for profit options. Graphic made by AI from report: lnkd.in/e5mHzA7T

Brilliant interactive website from Tax Justice Network – you can see scale of illicit financial flows (IFFs) from any country – see the pic for the UK. It has an alarming ticker for how much tax was lost due to IFFs since you opened the page. iff.taxjustice.net/dashboard?co...

How could our financial system actually serve people and planet, and why doesn't it? My latest monthly news round-up loosely focussed on that question is out! It's short, easy to read and I think the links are all really interesting. Enjoy! financeinnovationlab.org/changing-fin...

The Global South debt crisis is severe, urgent, and resolvable - here's a great new Save the Children UK & Debt Justice paper on how to make the G20's ineffectual 'Common Framework' (which is supposed to reduce the problem) actually work. resourcecentre.savethechildren.net/pdf/Now-is-t...

The Energy Transition Council's 'paradox of progress' - the transition is moving v slow despite cheap clean energy. I'd argue this is about relative financing costs - govts need to make clean financing cheap & fossil fuel financing expensive. www.energy-transitions.org/publications...

Useful report on the 'landscape of global climate finance: glcf.climatepolicyinitiative.org?utm_source=s...

Developing countries continue to struggle with a major sovereign debt crisis - the proportion of low-income countries with major debt burdens is well over 50%. A fair and rapid debt workout mechanism is long, long overdue. From new Sovereign Debt Monitor report: erlassjahr.de/wordpress/wp...

The global ultra-wealthy (with assets over $30m) are projected to add almost 200,000 individuals to their number by 2030: new report. A wealth tax is the least we can do to tame this level of global inequality. altrata.com/articles/key...

British household's dependence on gas makes us vulnerable to global fossil fuel prices, and is also a national security issue (see pic). www.e3g.org/publications...

"Around 70% of companies still don't disclose [Transition] Plans. And of those that do, fewer than 1% are credible." Shocking finding from new report - but unsurprising given the voluntary disclosure focus of the current regime: www.cdp.net/en/climate-t...

If G20 public development banks switched funding from fossil fuel and non-renewable energy finance into renewables, this could boost investment by £28bn per year - new report. oilchange.org/wp-content/u...

Very proud to have co-authored this report, which argues that a government scheme backed by cheap lending from the Bank of England could allow 8m+ households to install rooftop solar systems with NO upfront cost, and £250 pa savings. #financingcostsaretheproblem

Our new report is (we think) 1st attempt to estimate scale of illicit financial flows thru the UK - £325bn p.a. www.theguardian.com/business/202... @suehawley.bsky.social @alexcobham.bsky.social @kathrynwestmore.bsky.social @faizashaheen.bsky.social @duncanhames.bsky.social @jemm-s.bsky.social

At least £325 bn of dirty money flows thru the UK every year & £788 billion when UK linked territories (e.g.Jersey, Caymans) are included - our new report www.theguardian.com/business/202... @naomifowler.bsky.social @jamesbj.bsky.social @aj16.bsky.social @nickdearden.bsky.social

Great new report from The Fairness Foundation on how our economy is dominated by wealth extraction, rather than wealth creation, and the public mandate for doing something about it. fairnessfoundation.com/takers

AI models could cause a financial crisis - the IMF is now warning (we've been saying this for a while): IMF report www.ft.com/content/103d... Our report (2023) financeinnovationlab.org/wp-content/u...

"Corruption-linked networks continue to exploit financial centres of Western countries and the offshore jurisdictions under their control – most significantly the UK and its overseas territories, especially the British Virgin Islands." New report: giace.org/illicit-fina...

The govt plans to headline a Financial Services Bill in the King's Speech - and City lobbyists are pushing for more deregulation, but public interest advocates are also getting organised - here's my LinkedIn article: www.linkedin.com/posts/jesse-...

Useful new site detailing how dependent EU member states are on nature: countries.encorenature.org/profiles/

How climate change is driving up insurance losses - new report. A couple of standout facts for me: - 'Peak losses' where there is a major event, typically a US hurricane, projected to reach $400bn by 2030. - Most losses are already not insured. www.swissre.com/dam/jcr:4b56...

The new Nature Finance Tracker tells you what the UK government spends on nature. www.naturefinance.uk?mc_cid=887b5...

From billionaires to bank lending: is the economy serving people or profits? Read @jesselgriffiths.bsky.social latest round up of this month's news, views and articles here. bit.ly/3PCPXDr

State of Civil Society 2026 report from @civicusalliance.bsky.social is out and it's grim reading (though there is hope in there too). www.civicus.org/documents/re...

The World Inequality Report 2026 is out - confirming just how unequal the world is, especially for wealth, where the top 10% hold 75% of personal wealth. Loads in there to get you fired up to do something about this! wir2026.wid.world/www-site/upl...

Battery storage costs have plummeted. Solar is cheap. UK rooftops have 117 GW of potential. Solar + batteries can be installed quickly. Just what we need when horrendous wars remind us we need to get off fossil fuels as soon as possible. about.bnef.com/insights/cle...

"Bad actors ... can conceal ... the true source of their crypto donations through the use of tools such as secrecy coins, mixer accounts, 'smurfing,' ‘chain hopping’ & coin-swapping services." We need to ban crypto donations to political parties: www.spotlightcorruption.org/wp-content/u...

Credit is vital for businesses to invest and grow - and yet only a small sliver of UK bank lending is for such purposes. No wonder we have an investment problem and small businesses are starved of credit. www.datocms-assets.com/132494/17727...

Useful article on Ukraine's debts. Let's hope they get what any country should where repaying debt would deepen poverty & prevent development: - A fair & rapid process - Cancellation of unfair & unpayable debts - Protection from creditors that won't play ball erlassjahr.de/en/kampagne/...

Where do AI searches get their news from? Interesting and important research from @ippr.org www.ippr.org/articles/ais...

"5.2 billion people live in countries where debt payments are higher than total social spending." We are in the midst of the "worst debt crisis ever" - and we need fundamental reform to fix it and stop another happening. Powerful & important from Matthew Martin www.equals.ink/p/debt-justi...

Big Financial Institutions are doing very little overall to integrate methane - a major contributor to climate change - into their Transition Plans. New report from Climate Policy Initiative. www.climatepolicyinitiative.org/wp-content/u...

I spent years campaigning for more aid from rich countries to the Global South & for its quality to improve. Recent aid cuts have destroyed millions of lives — but rich countries have also undermined aid quality & how much reaches the Global South - see new @eurodadnews report. tinyurl.com/ykw4947e

Economists really don't understand climate change & it could cost us the earth - new @carbontracker report. Massive mistakes include not properly considering extreme events and tipping points even though 'extremes, not averages will define the future.' carbontracker.org/reports/reca...

The proportion of people living in poverty who experience deep poverty is rising - one of many shocking stats in new UK Poverty 2026 report from @jrf-uk.bsky.social . tinyurl.com/jrf2026

More than £10.5bn of UK pension savings are invested in thermal coal - the world’s dirtiest fossil fuel. That’s bad for pension savers, the economy, and the climate. Read our new research with LINGO Initiative. filab.uk/3ZNdX8O

This is hopeful - India is on a faster decarbonisation track than China in terms of electrification of energy. New report from @ember-energy.org ember-energy.org/latest-insig...

Our pensions system is deeply unfair - especially for women. New @womensbudgetgrp.bsky.social report: - 57% of pensioners in poverty = women. - 58% of people with zero pension wealth = women. The govt's reforms should fix this & guarantee decent pensions for all. www.wbg.org.uk/publication/...

The Chinese central bank is a major driving forces for the global green economy. Its four main tools are summarised in the pic. These tools are available to Western central banks too (some use them now, and most have in the past.) greencentralbanking.com/2026/01/13/c...

This new UN report is truly shocking: globally, THIRTY TIMES as much finance flows to nature-destroying activities as to nature-supporting activities. Finance directly harmful to nature reached $7.3 trillion, while investments in nature-based solutions were only $0.22 trillion in 2023.

Just 28% of frozen criminal funds are permanently seized. Important review of how well/ badly the UK is doing on recovering stolen assets from @spotlightcorruption.org : www.spotlightcorruption.org/report/targe...

Oxfam's latest extreme wealth report is required reading. The headlines are that 12 billionaires had more wealth than half the global population. In the UK, the 56 richest had more wealth than the bottom 39%. Lots of important analysis & recs in the report too: tinyurl.com/ogb26

Worth a read - what kind of crisis would a bursting AI bubble cause? Makes the point that bank capital ratios are too low & falling, & the system is so interconnected & little understood that the chance of a major financial crisis should not be discounted: mainlymacro.blogspot.com/2026/01/what...

A damning & important warning from the Treasury Select Committee: “by taking a wait-and-see approach to AI in financial services, the three authorities are exposing consumers and the financial system to potentially serious harm,” I couldn't agree more! www.linkedin.com/feed/update/...

Audit reform is dead.... Long live audit reform! Govt ditches reform as burdensome. But: risks remain, conflicts persist, & reform would strengthen the economy. We now have to wait for a scandal to get the reform (bad politics & bad economics!). My full argument: www.linkedin.com/feed/update/...

Very interesting new @balancedeconomy.bsky.social report setting out the links between concentration of ownership in the financial sector and climate damage. Here's one killer graph: over half of fossil fuel profits to the top 1% in the US. static1.squarespace.com/static/65c9d...