2024 marked one other busy 12 months for NEF. We have been joined by our new chief exec Danny Sriskandarajah in January, and simply 5 months later watched a brand new occasion take management of the federal government for the primary time in 14 years. From in-depth analysis to TV interviews, organising to podcasts, we spent 2024 working with folks igniting change from under and conducting rigorous analysis to battle for change on the high.
NEF will proceed to push this authorities to revamp the financial system so it improves folks’s lives, and pioneer new financial concepts for many years to come back.
1. New Economics Podcast
The New Economics Podcast, hosted by Ayeisha Thomas-Smith, coated all the highest financial problems with 2024. Ayeisha was joined by a cohort of high thinkers, together with former Greek minister of finance Yanis Varoufakis, financial famous person Kate Raworth, creator George Monbiot and tutorial Daniela Gabor.
Ensure you don’t miss an episode! Subscribe to the New Economics Podcast on all good podcast apps, together with Apple and Spotify.
2. Massive energy for Little London
NEF has been organising with residents of the Little London property in Maltby, South Yorkshire, as they battle for higher housing situations. NEF produced and projected a movie onto the derelict buildings on the property as a part of an occasion the place residents shared private testimonies. The motion was coated by the BBC, and the marketing campaign gained a public dedication of assist from mayor of South Yorkshire, Oliver Coppard.
Native MP Jake Richards organized for residents to satisfy housing minister Matthew Pennycook. With TV cameras in tow, the minister and residents mentioned their residing situations and calls for.
3. Reclaiming our regional economies
Our Reclaiming Our Regional Economies (RORE) programme has continued to assemble tempo in its second 12 months. It goals to convey neighborhood financial energy to the center of decision-making by metro mayors and mixed authorities, working with the mayoral groups in South Yorkshire, the North East and the West Midlands.
RORE hosted an occasion on the Labour Occasion Convention with minister Jim McMahon alongside mayors Andy Burnham, Tracy Brabin and Richard Parker. Our Reclaiming our areas paper made the case for extra devolution. And the RORE companions introduced collectively 12 north-east grassroots teams to convey them into the mixed authority’s decision-making course of.
4. A residing earnings for all
The Dwelling Revenue marketing campaign has been working in Larger Manchester to name for a minimal earnings to make sure folks can afford all of life’s necessities. Over 100 folks attended workshops to debate how they need a residing earnings pilot to look in Larger Manchester. The Larger Manchester residing earnings steering group met with mayor Andy Burnham, after gathering a whole lot of signatures on a petition. Burnham responded enthusiastically, saying “it’s been an actual tonic to assist remind me why I do that”.
5. Preventing airport enlargement
NEF continued to assist native communities combating airport expansions with senior economist Alex Chapman as soon as once more offering knowledgeable testimony at a planning listening to. Our evaluation led the outcry from native folks and environmentalists over the federal government’s choice to extend passenger numbers by 2.5 million at London Metropolis Airport.
Alongside companions together with Doable and Keep Grounded, we made the ethical, financial and environmental case for fairer taxes on air journey in A frequent flying levy in Europe.
6. Tiered reserves go mainstream
Our proposal to restrict stealth subsidies paid to business banks by the Financial institution of England exploded into the mainstream this 12 months. Referred to as “tiered reserves”, our proposal was endorsed by Gordon Brown in the Guardian and on ITV’s Peston. Our name turned an election situation because it was picked up by mainstream political journalists equivalent to Andrew Marr and Emily Maitlis. It acquired protection in the Monetary Occasions, the Every day Mail, the Guardian, the Occasions and Bloomberg.
7. Pioneering macroeconomic coverage
NEF has spearheaded the rising calls to alter the federal government’s borrowing guidelines, whereas offering cutting-edge analysis into new macroeconomic coverage. Within the runup to the autumn finances, we uncovered the flawed methodology the Workplace for Finances Duty (OBR) makes use of to forecast the affect of presidency spending, coated in the Occasions. We additionally known as for the federal government to alter how they calculate central financial institution debt, probably releasing up £20bn for public funding. This captured the eye of the press, being coated and followed-up within the Occasions three instances. It was additionally picked up by the Guardian, Reuters and the Every day Mail, twice.
8. Very important assets for the housing motion
Houses For Us is a coalition of grassroots organisations, charities and tenants’ unions who’ve come collectively to battle for extra and higher social housing, arrange by NEF. It consists of participatory regranting, enabling the housing motion to allocate assets the place it’s wanted, however the place conventional funders are unable to achieve. For a lot, over £150,000 price of grants have helped a variety of actions, from offering meals to evicted households to monitoring publicity to indoor air air pollution to workshops for migrant girls going through housing insecurity and the hostile immigration system.
9. On the airwaves
NEF spokespeople spent one other 12 months getting our work and message out throughout TV and radio, with over 50 broadcast appearances throughout 2024. Our chief exec Danny Sriskandarajah appeared on BBC Query Time to speak about water corporations, reparations and the modifications our new authorities must make.