Why the UK should look beyond growth to a ‘new economics’ that works for all

Conventional economics – with its reliance on GDP growth – cannot respond to the global “polycrisis”. This is the overlap between climate change, biodiversity loss, energy and food insecurity and extreme inequality – all amplified by geopolitical instability. Recent research my colleagues and I conducted shows that a “new economics” is needed in the face of these challenges. Drawing on hundreds of sources across 38 schools of thought, we distilled ten principles focused on wellbeing, justice and ecological resilience that could offer a way to rethink national economic strategies.