An economy where both people and nature thrive

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In 2016 Tearfund and the St Paul’s Institute held a programme of roundtables exploring global development and the green economy. Barbara Ridpath, Director of the Institute, and I explore inequality and the economy, and the recommendations from the programme in our follow up paper, ‘Going Full Circle:  tackling resource reduction and inequality’.

Look around your office floor or the train you’re travelling in. Can you count eight people? That’s the number of men who own the same amount of wealth as the poorest 3.6 billion people in the world this year. This inequality is extreme and it’s down to a broken economic system.  [Read more…]

Nothing as sensitive as death and taxes

There maybe nothing as certain as death and taxes, but equally there are few topics as sensitive. Tax and wealth are difficult subjects to gain cross-party political consensus on and, given the power of tax on supply and demand within the market, everyone has a strong opinion.

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Yesterday we saw headlines on the need for an overhaul of the UK tax system, but do we have the politicians prepared to take this on? Justin Welby proclaimedOur economic model is broken. Britain stands at a watershed moment where we need to make fundamental choices about the sort of economy we need. We are failing those who will grow up into a world where the gap between the richest and poorest parts of the country is significant and destabilising.” Welby’s remarks were made as part of the Commission on Economic Justice, led by the think tank IPPR. The Commission’s full report and recommendations will be published in 2018, but will include calls for: [Read more…]