New Economics Foundation

We're looking for a new Chief operating officer to join us from January 2025! Applications are open on a rolling basis. Find out more about the role and how to apply here: https://lnkd.in/e_8v-rXn

🚀NEF is hiring! We are looking for a talented senior economist to lead our policy and research work on social policy issues, with a particular focus on social security, work and incomes. 📅 Deadline to apply: 9am 25 November 🔗https://lnkd.in/d-62HjH7

🚀NEF is hiring! We are looking for a talented senior economist to lead our policy and research work on social policy issues, with a particular focus on social security, work and incomes. 📅 Deadline to apply: 9am 25 November 🔗https://lnkd.in/d-62HjH7

How could a frequent flying levy in Europe tackle carbon emissions fairly? Join Stay Grounded's webinar on this Thursday to find out more about our joint research on a frequent flying levy in Europe. Sign up here: https://lnkd.in/e6cqdrKb

We were pleased to see a number of changes we've called for feature in last week's Autumn Budget. But the government still has a long way to go to build back our public services and reduce inequality. Here's NEF's breakdown of the budget - including the positive steps forward and where the government should have gone further. https://lnkd.in/eR5Ds4Rh

Still unsure of what to make of Labour's first budget? In a new episode of the New Economics podcast Ayeisha Thomas-Smith was joined by James Meadway and Hannah Peaker to discuss the good, the bad and the downright mystifying details of this historic budget. Listen now 🎧 https://lnkd.in/eKFj6YZu

🏆 Our #Researchoftheweek goes to New Economics Foundation for their report ‘Solid Foundations’ which outlines the scale of what is required to tackle regional inequality and improve lives across the country. 📌 The authors argue that after decades of underinvestment, regions across the country have been left with a substantial capital funding gap. 📌It found that the government’s ambition to deliver a decade of national renewal will only be possible if it provides £32bn capital funding a year for mayors and local councils. The authors say this should be invested in four critical devolved areas: 1️⃣ - £11.8bn a year outside of London to deliver 92,000 new social rented homes required to meet housing need 2️⃣ - £3.4bn each year to retrofit the homes of all 3.18m fuel poor households 3️⃣ - £1.4bn a year in municipal and community energy projects between 2025 and 2029 to meet the UK’s renewable energy commitments, with £0.7bn between 2030 and 2034 4️⃣ - £15.6bn annually outside of London to invest in public transport and active travel to drive the shift needed to reach net zero. 📌Combined investment needs in the four sectors varied significantly between regions outside of London. The East Midlands has the highest additional public investment need with £1,148 per person required over the next five years, while north-east was second highest at £820. 🔗 Read here: https://lnkd.in/dBZMYcWe Benedikt Straňák Emmet Kiberd Dhananjayan Sriskandarajah

Sewage in our rivers but bonuses for water bosses: Dhananjayan Sriskandarajah, Chief Executive of NEF, explains why our water system has gone down the drain on last night's BBC Question Time.

🚨 As the Chancellor prepares to redefine debt to unlock £50bn for investment, new analysis from the New Economics Foundation reveals that Mayors and local councils need £32bn in annual capital funding to address regional inequality and make the government's vision of a decade of national renewal a reality.    Regions need £32bn every year for the next decade to invest in four key devolved areas essential for a good life: 1. Housing: £11.8bn a year to deliver 92,000 new social rented homes outside of London. 2. Retrofit: £3.4bn a year to retrofit the homes of all 3.18m fuel poor households. 3. Energy: £1.4bn a year in municipal & community energy projects for 2025-29, & £0.7bn for 2030-34. 4. Transport: £15.6bn a year to support public transport and active travel and drive the shift needed to reach net zero outside of London.   This analysis by NEF as part of the RORE programme with CLES - Centre for Local Economic Strategies, Cooperatives UK and Centre for Thriving Places exposes the sheer inadequacy of the previous government’s “Levelling Up” programme, which provided just £1.89bn annually –  barely 3 weeks’ worth of the annual investment needed.    Decades of underinvestment have left regions across the country with a huge funding gap. We can’t afford to repeat this mistake. Now is the time to unlock the capital needed for real change.     Read the new report to see how the new government can do better: https://lnkd.in/dBZMYcWe      

New analysis by New Economics Foundation finds scrapping the two child limit would lift children out of poverty and reduce the economic cost of child poverty by £3.2bn a year. Families currently miss out on almost £3,500 a year for every child they have over the limit. If the caps are retained, 49% of children in larger families will be living in poverty by the end of the parliament. Lifting the two-child limit would increase the incomes of low-income families by £1.9bn in 2025/26, rising to £2.6bn in 2029/30. It would also generate an additional £1.1bn of economic growth in 2025/26, with poorer communities on average benefiting twice as much as richer areas. Cities and towns in the north and the Midlands, would gain the most from scrapping the two-child limit, with constituencies in Birmingham, Bradford, and Bolton, each receiving an immediate annual boost of around £10m. However, government fiscal rules and OBR assumptions are failing to account for the true economic benefit of scrapping the two-child limit and benefit cap. You can also read the full report, Capping Ambitions, for more on why and how the government must act here: https://lnkd.in/d27YfmYU