New Economics Foundation

The New Economics Foundation (NEF) is a UK-based think tank that promotes an economic system focused on social and environmental wellbeing rather than solely on GDP growth. They advocate for policies that address issues like inequality, climate change, and access to essential services. NEF is newsworthy due to its increasing influence on the economic debate, particularly within the Green Party and among think tanks urging reform of economic institutions. Recent news highlights their call for the UK Chancellor to reform the Office for Budget Responsibility (OBR) to allow for more public investment. They also feature in discussions around alternative economic indicators to GDP, as championed by the Green Party, and the debate surrounding the North Sea windfall tax, where experts aligned with NEF argue against its removal. Their relevance lies in their contribution to shaping alternative economic policies and challenging conventional economic thinking in the UK.