Economic prosperity is important—but it does not equal happinessby Sarah Howard / November 24, 2016 / Leave a comment
With the government yet to trigger Article 50, the results of the referendum on the European Union may still feel intangible. But what does feel real for many of us are the tensions that we are seeing in communities up and down the UK, along with a sense of exasperation at the status quo. How can we soothe some of these tensions, and create a society in which we all want to live?
For years, policymaking has been concentrated on generating economic growth in our towns and cities, with a focus on policies designed to create wealth outside of London and the southeast. Yet, in all our efforts to find new ways to help businesses grow, to establish new industries, to foster innovation, to get us exporting more, are we missing something?
There is a growing consensus that if we want a society that works, one in which we can heal some of the rifts we’ve been seeing, then it needs to provide opportunities for everyone. We need a vibrant economy that will help our businesses, communities and people to thrive. While few would say that positive GDP figures, higher exports or rising employment levels are a bad thing, they are not the only things we should be using to measure our success.