To untangle the code contained here, is to understand how far the Government is from having a vision of a new economic order that we at nef can sign up to.
We say that Royal Mail is a national institution which is both a service to the people and an economic driver for small and medium sized businesses in terms of its astonishing network and Universal Service Obligation to deliver mail at a uniform price across the country.More
Instead of worshipping the invisible, and usually remote, hand of the market economy (which too often can be caught picking the pockets of the poor), you design an economic system in which resources flow and circulate effectively to serve the invisible heart of the core economy – made up of family, neighbourhood, community and civil society.More
Today sees the release of two rather sobering reports. First up, we have the 2008 edition of the WWF's Living Planet Report. It calculates that human beings are using natural resources up faster than the world can replenish them: this year we've overshot our ecosystems' carrying capacity by 30%. Not surprisingly, WWF have chosen to describe this situation as an 'ecological credit crunch'. Our estimated ecological debt in monetary terms is lb2.5 trillion (about twice as much as this year's credit crisis). More
As previous nef research expected, the recession increases the gap between wealthy and poor areas. Recent research by the Joseph Rowntree Foundation the communities that already had highest unemployment have suffered the largest losses of jobs. These areas don't suffer only from a lack of employment. The downturn has also forced over half of local authorities to reduce their staff and cuts services. More
New investment to match the Government's rhetoric on climate change amounts to a tiny fraction of 1 per cent of the public support given to the finance sector. Such lack of ambition is counterproductive and a missed opportunity if Alistair Darling wants to pay down the public debt. More
Orthodox free market economists often like to portray their discipline as being as objective and impartial as any of the natural sciences. Milton Friedman once argued that economics should be considered an 'exact science', like chemistry, physics or medicine.More