The new Business Secretary Vince Cable has been urged to act on his view of the banking system by curbing the unethical investments of the Royal Bank of Scotland (RBS).
An alliance of left-wing and trade union activists have launched their election campaign on a platform of workers' rights and public services, along with opposition to privatisation, war and cuts.
The Christian Socialist Movement, which seeks to represent Christians in the Labour Party, has said that the election campaign has yet to address the moral issues raised by the banking crisis.
Church and fair finance groups are due to meet in Edinburgh to look at what ethical and socially responsible banking and investment can mean for churches and the wider community.
In a keynote presentation to a conference in Cambridge on Bank Holiday Monday, an international economist and former advisor to the Treasury will argue that banks ‘too-big-to-fail’ are ‘too big to exist’.
UK-based international development agency Christian Aid, along with and the Jubilee Debt Campaign, have welcomed the Swiss government’s decision to hand over approximately $6 million to Haiti.
The current global economic crisis is not just a squeeze on lenders, borrowers and spenders. It also crunch time for the politicians and for the Christian churches, says Simon Barrow. Now is a time to be investing in practical alternatives.
The current global financial crisis is a spiritual one with usury at its heart, argues political economist Ann Pettifor. In spite of the Gospel message, Christians have also colluded in idolising wealth above people and planet.