Clarity, though, was key—
We have to ensure that, with the investments that we make, we find refuge in simplicity, not complexity, and doing the right thing.ivOR, 7 May, Col 20
Clarity was also sought by Clydesdale Bank’s Graeme Sands who suggested it could avoid the Bank “straying into things that are not market gaps”.vOR, 28 May, Col 23
STUC suggested it was not clear whether the missions applied to all the Bank’s funding and advised against investing in anything “counter to missions or core objectives – such as providing fair work or tackling climate change”.STUC written submission
RSE’s Ray Perman recommended a “single simple mission” rather than beginning “with a weight of expectation”.viiOR, 7 May, Col 30
Mariana Mazzucato said—
I would advise that the bank take that – almost experiment of a – first mission really seriously.viiiOR, 7 May, Col 7
She majored on the inclusive and not top-down approach to missions right from the start of the process, referring to a UCL colleague’s Movements with missions make markets paper, which looked at movements in areas such as the climate crisis or social care – so “missions can be set with different voices”.