New Economics Foundation

The New Economics Foundation (NEF) is a think tank that promotes a shift away from traditional economic indicators like GDP towards a focus on wellbeing, social justice, and environmental sustainability. They advocate for policies that prioritize community welfare, mental health, and social cohesion. NEF is newsworthy due to its consistent critique of conventional economic policies and its influence on alternative economic thinking. Recent news highlights NEF's involvement in discussions surrounding the UK's economic direction. They are part of an alliance of think tanks urging reform of the Office for Budget Responsibility (OBR) to enable increased public investment. Additionally, experts, potentially including those from NEF, have argued that scrapping the North Sea windfall tax would not benefit consumers. Their work is relevant as governments and policymakers grapple with challenges like inequality, climate change, and the need for more holistic measures of societal progress.