Finance Archives - Catholic Social Thought

Building from the Bottom Up – Catholic social teaching, society and the state

Render unto Caesar was published by the Catholic Bishops’ Conference of England and Wales in 2025. It was followed by an event, and the next three blog posts will be articles based on the speakers’ remarks at that event. The articles are being published now because the Feast of the Annunciation was the ancient beginning of the tax year. Indeed, it was the beginning of the legal year until 1752. The change in the calendar led the tax year to move to its current starting point of 6th April. Our Christian roots, perhaps, go deeper than we realise.

Globalisation and the common good

On the website www.catholicsocialteaching.org.uk, there is a set of videos that introduce Catholic social thought and teaching. We continue featuring those videos on the blog with the video on “Globalisation and the common good”. This explores the Church’s nuanced view of globalisation. It is also available with Portuguese subtitles.

Business ethics and the common good

On the website www.catholicsocialthought.org.uk, there is a set of videos that introduce Catholic social thought and teaching. We continue featuring those videos on the blog with the video on “Business ethics and the common good”. This explores the vital role that business plays in promoting the common good and the importance of the vocation of the business leader being followed ethically. Also available in Portuguese.

Professor Richard Turnbull – a short tribute

Richard was the founding director of the Centre for Enterprise, Markets and Ethics. He was a visiting professor in the Business School at St. Mary’s University. He made a number of contributions to the life of St. Mary’s, including organising high profile events involving academics, business leaders and policy thinkers. He also guest lectured on the MA in Catholic Social Teaching.

Back to budget basics

Providing Christian commentary on the recent budget is not especially easy. There was a measure to remove the two-child cap on Universal Credit payments that was welcomed by many Christians. But the rest of the budget was really a collection of bits and pieces as well as deferred tax rises on which it is difficult to provide a Christian analysis.

Why does the tax system discriminate against caring in the home?

We have a new government which is just as fiscally constrained as the previous government. One reason it is fiscally constrained is because of the low birthrate. Perhaps we would do better in that respect if we had a tax system which did not discriminate against a parent staying at home (or working limited hours outside the home) whilst caring for the famiy’s children and elderly.

Corruption, business and the care of creation

There is a wide variation in practice in relation to whether business enterprises respect the natural environment and human dignity as well as the rights of local communities. Best practice in environmental sustainability and the protection of the rights and dignity of local people can only be achieved if both governments and companies fulfil their proper functions and behave ethically. A typical situation here might be a mining or other industrial company choosing to operate in a poorer country.

Is it worth offsetting?

I wonder how many of us know what our carbon footprint actually is? The average for those of us in the UK is around 6.0 tonnes of greenhouse gases (GHG) each year (Our World in Data) For comparison, it’s 6.76 tonnes globally and 17.7 tonnes in the US and 9.8 in China.

The family – the basic building block of society (part one)

The family is a much-neglected topic in political discourse – even amongst Christian members of parliament. And, even where politicians are supportive of the family, they do not seem to be able to express an over-arching narrative that ensures that the family forms the focus for political decision-making.

Law, regulation and economic life – from “how much regulation?” to “who regulates?”

Catholic social teaching has a lot to say about the basic systems of law that should underlie a flourishing business economy. In recent years, Catholic social teaching has also commented on regulation. Although a distinction between law and regulation is not made explicitly in Catholic social teaching, such a distinction is helpful. It would help clear up confusion between the role of government in regulating economic life (where prudential judgement might be applied both in relation to who regulates and how much) and the role of government in providing the basic framework of governance.

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