CLPS Public Debate KC Equanomics Presentation


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  • All of the elements are assisting in creating my ‘vision’ of a new approach to race equality led by communities themselves, based on structural disadvantage. A model of Black an Minority participation in the construction of race equality. Equanomics UK – a broad movement with a steering group drawn from regions and areas of expertise across sectors. Focusing on Economic justice and race equality. Empowering communities in major cities across the UK to be stakeholders in their own financial well being. The Alliance –Equanomics UK working with JUST West Yorkshire, Oxfam and other partners. The aim is to broaden the movement for race equality – linking northern and southern regions of England, interrogating the media and political construction of race. The 1990 Trust – equality legislation and policy analysis for information to and engagement of Black and Minority communities in dialogues about what affects them and in turn how to affect policy change. Website is still being constructed but will be available at ROOTS – a project of the 1990 TRUST with Equanomics UK as partners to conduct social action research on race equality - with communities rather than on communities. A high level advisory group of academics, strategic thinkers, lawyers and NGOs. Karen – my own consultancy working with public and private sector for equality across the board. A key project is the ‘Diversity Challenge’ – an interactive visual (on screen) team game with questions, answers and related case studies across all areas of equality. All legal back up is a thoroughly researched by a team of lawyers. I also do a bout 30 speaking engagements per year which helps in taking out the message of new approaches to race equality. My motto ‘EQUALITY FOR YOUR BUSINESS IS MY BUSINESS’. Website is still developing but can be viewed at
  • Current climate / landscape where the motivation came from
  • Launch tour in 2007 in 10 poor areas 7days, 35 events, 20,000 people created Equanomics database from registrations City teams building in Liverpool, Manchester, Leicester, Birmingham, Sheffield, Nottingham, Manchester, Leicester and London, Bradford 10 roundtable UK events ‘ Mind your Business’ financial intelligence events
  • Established the centre with staff and got key projects of the ground: LSYVB – Evaluation reports for pan-London governement organisation tackling serious youth violence Youth BAME unemployment survey – trained 5 young unemployed 18-24 to consult with a further 50 young people on issues around employment. Poverty and ethnicity study – received additional funding from the JRF and partnered with Edge Hill University – part of larger strategy to tackle poverty in the UK Organised the Race Election Forum in the House of Commons – 100 invited delegates, a panel including Lords, Labour and Lib-Dem MPs, and coverage in national press and broadcast, including Sky News and the BBC.
  • Work of Equanomics and Roots culminated in the Black Manifesto. With the eminent general elections, I saw a perfect opportunity to connect and capitalise on the cacophony of voices and views of the communities and organisations I had engaged with, and produce a policy document that would hold the government to account on issues regarding racial equality Brought together over 40 organisations including Oxfam and MET Police Had over 300 speaking engagements, including media coverage from mainstream prime time TV, Channel 4 – on their key news programme and their ‘Alternative Election’ programme
  • CLPS Public Debate KC Equanomics Presentation

    1. 1. Race Equality via Economic Justice
    2. 2. The Motivation <ul><li>Rich / poor gap growth </li></ul><ul><li>High poverty levels in minority ethnic populations </li></ul><ul><li>25% White, 56% African, 60% Pakistani, 72% Bangladeshi children live in poverty </li></ul><ul><li>No social inclusion without economic inclusion </li></ul><ul><li>£850b bail out of banks </li></ul><ul><li>Financial crisis rooted in sub-prime lending </li></ul>
    3. 3. Equanomics Achievements <ul><li>National launch tour with Rev. Jackson – 20,000 people </li></ul><ul><li>Engagement workshops in 10 cities, on a range of issues </li></ul><ul><li>Mind Your Business </li></ul>
    4. 4. Efforts…. <ul><li>ROOTS - social action research centre </li></ul><ul><li>JRF funding for Poverty & Ethnicity study (Somali, Bangladeshi and White communities) </li></ul><ul><li>Race Election Forum – House of Commons </li></ul>
    5. 5. Employment <ul><li>15% ethnic penalty over last 20 years </li></ul><ul><li>74% more BME applications need to be sent for the same level of success as White applicants. </li></ul><ul><li>Pakistani, Bangladeshi and Black African men receive 13-21% lower pay </li></ul><ul><li>Women hourly pay between a quarter and a third less than White men </li></ul>
    6. 6. The Black Manifesto <ul><li>‘ The Price of Race Inequality – the Black Manifesto’ </li></ul><ul><li>National media coverage </li></ul><ul><li>Coalition of 40 organisations </li></ul><ul><li>Introduce a Community Reinvestment Act, with built-in mechanisms for targeted reinvestment in poor communities and guarantee that any future tax on banks should have ring-fenced funds for the poorest communities and investment in community finance infrastructure. </li></ul>
    7. 7. We also called for: <ul><li>1% of bank profits and 10% of the dormant accounts invested in poor communities. We also call for 0.5% of bank profits and 2% of dormant bank account monies to be ring fenced and invested in BME communities. </li></ul><ul><li>Ensure that the financial services regulatory authorities and the Bank of England regulate for transparency so that data is available publicly on lending practices, use of banking services etc. They should also set out a clear race equality monitoring framework. </li></ul><ul><li>Regulate the unofficial loan market and introduce a responsible credit cap to fix an upper legal limit for the amount of interest that can be charged for a loan. </li></ul><ul><li>Invest public funds to support the development of community finance infrastructure . </li></ul>
    8. 8. The Equality Act <ul><li>The Equality Act – socio economic duty </li></ul><ul><li>Specific duties – potentially regressive and no clarity </li></ul><ul><li>No requirements for schemes </li></ul><ul><li>Less employment monitoring </li></ul><ul><li>Discretion on impact assessments </li></ul><ul><li>‘ race’ to be mainstreamed (Warsi) </li></ul>
    9. 9. Also of concern ….. <ul><li>Threat to Human Rights Act </li></ul><ul><li>No funding to ‘special interest groups’ – Ethnic or Religious minorities </li></ul><ul><li>5% referendum on issues of local concern </li></ul><ul><li>Cuts in benefits </li></ul><ul><li>Politicising Policing, increased stop and search </li></ul><ul><li>Review of workplace laws – for competitiveness </li></ul>
    10. 10. And … <ul><li>More community control on public health budgets </li></ul><ul><li>Community schools, academies – devolution to business and profit </li></ul><ul><li>University places and fees </li></ul>
    11. 11. Opportunities? <ul><li>Big Society bank – social impact bonds. Funds from dormant accounts to NGO’s. </li></ul><ul><li>Petition for parliamentary debate – 100,000 signatures </li></ul><ul><li>Free financial advisory service </li></ul><ul><li>Safeguards against misuse of anti terror legislation </li></ul>