[5] In 1999 at the Cologne G8 Summit the G8 agreed to write off approximately $100 billion of third world debt owed by 37 countries, in large part due to the campaign.
Jubilee 2000 had supporters including Pope John Paul II, Muhammad Ali, Bono, Tony Blair, Gordon Brown and Bill Clinton.
[8] The group argued that "The triple crunch of financial meltdown, climate change and ‘peak oil’ has its origins firmly rooted in the current model of globalisation.
With this credit boom have come irresponsible and often fraudulent patterns of lending, creating inflated bubbles in assets such as property, and powering environmentally unsustainable consumption."
In the 2010 general election Pettifor attempted to stand for Parliament as a Labour candidate and was shortlisted in the North West Durham selection process but lost to Pat Glass.
[10][11] In September 2015, she was appointed to the British Labour Party's Economic Advisory Committee, convened by Shadow Chancellor John McDonnell and reporting to Labour Party Leader Jeremy Corbyn,[12] regarding which she stated that she was honoured to be asked to serve with such distinguished colleagues and that she hoped to play her part in overturning the Chancellor's deficit fetishism, and his employment of it as a smokescreen for an attack on the state.
[16] Pettifor is known for correctly predicting the global financial crises in several publications including in the book The Real World Economic Outlook,[17] and summarised in the New Statesman in an article published on 1 September 2003 entitled "Coming soon: The new poor”.