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This 12 months marks 40 years since The Different Financial Summit was held, which led to the creation of NEF
I’m thrilled to have began this 12 months as the brand new chief government of the New Economics Basis (NEF). That is an organisation that I’ve lengthy admired, particularly for the incredible work that my predecessor, Miatta Fahnbulleh, led in her time right here. From analysing the autumn price range, to reimagining how vitality payments ought to work and constructing energy in communities throughout the UK, NEF is able to tackle the challenges of 2024.
This 12 months marks 40 years since The Different Financial Summit was first held. The Summit, held as a substitute for the G7 Summit being hosted by the UK in 1984, led to the creation of NEF just a few years later. Again then economists and activists might see that the rise of neoliberalism was threatening each our dwelling requirements and the well being of the surroundings we rely on.
4 many years on, their evaluation has sadly been confirmed appropriate. Over the previous 40 years the principles that form our financial system have been rewritten to help company energy and rich elites.
These guidelines shift wealth from the remainder of us to the very richest, make our jobs and houses much less safe, and speed up environmental breakdown. We will see this at present, in our threadbare NHS and colleges, excessive dwelling prices and low wages, and growing heatwaves, droughts and floods.
There’s a higher technique to run our financial system, beginning with a state that prioritises individuals’s wellbeing and a wholesome planet over a misplaced religion in free markets and competitors.
The problems that NEF has labored on, and the strategy it has taken, have at all times felt salient, however at present they’re extra pressing than ever. I wrote to colleagues and mates asking what makes NEF particular — and I couldn’t agree extra with one of many responses I acquired:
“Our place throughout the political panorama permits us to name for elementary change, one thing most organisations can not do. By designing and selling daring coverage options now we have a possibility to shift the talk and alter opinions.”
I’m excited to guide NEF via its subsequent section. As we strategy a common election within the UK, and with so many burning challenges dealing with the world, NEF’s work feels timelier than ever. However it can take all of us working collectively.
If you’re already an energetic a part of NEF’s community and already donate to NEF, thanks a lot! The work we do to basically rework the financial system challenges vested pursuits so your help is especially crucial.
In case you don’t donate already, please contemplate becoming a member of our Supporters’ Community with a month-to-month donation.
Right here’s to a secure, profitable and sustainable 2024!
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