The Government's response
The Exchequer Secretary to the Treasury Helen Whately MP responded to the debate on behalf of the Government, addressing the Government’s current policy agenda and future ambitions related to the debate.
- The Government’s response to the Independent review of UK economic statistics, which acknowledged some of the limitations of GDP as a measure of welfare
- The Beyond GDP Initiative which “aims to develop new and broader measures of welfare and activity, such as a suite of personal wellbeing measures that better account for unpaid work, and estimates for human capital”
- Updates to the rules issued by the Treasury to guide individual spending decisions (the Green Book), including new guidance for considering wellbeing in detail as part of policy appraisal
- The Government’s response to the Dasgupta Review: The Economics of Biodiversity
- Relevant policies, legislation and investment related to climate change, natural habitats, net zero carbon emissions and green industry.
For an overview of Government policy and other issues related to the debate, see the following research briefings from the House of Commons Library:
"A huge thank you to everyone who took the time to be part of this.
"Many of you have shared some brilliant ideas and I hope I can highlight some of them in the debate.
"You’ll be able to watch the debate on this page – I hope you can tune in."
Introducing the debate, she gave the following statement:
"More than two years ago, the House of Commons approved a motion declaring a climate emergency. Since then, the UK has set a target of net zero emissions by 2050 and the Government has announced new interim targets to reach that goal.
"At the same time, our economic policy is largely focused on growth. Yet a recent report for the OECD warned that growth models were leading to serious social and environmental harms.
"I believe that the Government’s priorities should instead be environmental sustainability, economic resilience, reducing inequality and improving wellbeing.
"Some countries including New Zealand are adopting broader economic goals focusing on health, wellbeing, living standards and climate change.
"In my view, it's time the UK joined the Wellbeing Economy Alliance."
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