A church-backed microfinance institution has increased its field investments by one third, reaching out to poor people often excluded by the commercial banking sector in spite of the global economic downturn.
The Bank of England reports that members of the public now owe £1.457 trillion, £1.219 trillion of which is secured on dwellings, the value of which continues to diminish, says Giles Fraser. So is more shopping the answer?
As the scale of the global credit, climate and oil shocks becomes clearer, support for a radical 'Green New Deal' is growing, political economist Ann Pettifor and analyst Andrew Simms told a meeting in parliament last night.
Oikocredit, the worldwide co-operative which challenges churches and others to share their resources through socially responsible investments, has become a 'body in association' with Churches Together in Britain and Ireland.