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A social rent freeze

3 days ago

Blog
A social rent freeze
Protecting those most exposed to the cost-of-living crisis from unaffordable rent rises

By
Simon Hill
22 September 2022

Private rent increases are making the wrong sort of headlines, with hikes of up to 20% in places. But in comparison, the coming pressure on social rents has flown somewhat under the radar. Come next April, social landlords will be able to increase rents by up to CPI from September 2022, plus 1%. That would make possible rises in social rents of up to 11% — the largest hike by

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Freeze social rents

5 days ago

Blog
Freeze social rents
Defend tenants from unaffordable rent rises

By
Rebecca Winson
20 September 2022

The cost of living crisis is hitting everyone hard. We’ve all seen the news about rising energy bills and the cost of food. But rents are soaring too – and many living in social homes are wondering how they will make ends meet.
Social rents were slated to be raised by a whopping 11% next year – in line with soaring inflation. The government has already caved to pressure and said they won’t hit that high. We are

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New Economics Podcast: How we win a new economy – a hot strike summer?

9 days ago

Podcasts
New Economics Podcast: How we win a new economy – a hot strike summer?
Ayeisha is joined by Sian Elliot and Sarah Jaffe

By
Ayeisha Thomas-Smith
16 September 2022

Note to listeners: this episode was prerecorded in August 2022.
As the first week of rail strikes came to an end in June, Google searches for the phrase ​“join union” had increased by 184%. News channels and politicians didn’t seem to know what to make of the broad public support for the striking rail workers. Inspired by the RMT union, the unrest spread: criminal barristers,

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Emergency insulation before the end of the year

11 days ago

Blog
Emergency insulation before the end of the year
Councils still have time to make sure their residents are warm this winter

By
Christian Jaccarini
14 September 2022

As autumn approaches and families are worrying about how they will afford to heat their homes this winter, everyone is waiting to see the results of the prime ministers plans to tackle the energy crisis. While it’s vital to get money into the pockets of those who need it as soon as possible, we also need to upgrade our draughty housing so we are more resilient to energy crises

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Warm homes, cool planet

20 days ago

Publications
Warm homes, cool planet
A package to fix the UK’s energy price crisis

By
Alfie Stirling, Dominic Caddick
05 September 2022

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The UK is in the midst of the deepest squeeze on living standards since records began. Families are feeling the pinch in two ways. First, they are experiencing the increased cost of direct energy consumption, such as heating and lighting a home. The annualised price cap for a typical family paying by direct

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New Economics Podcast: How we win a new economy – the end of neoliberalism?

23 days ago

Podcasts
New Economics Podcast: How we win a new economy — the end of neoliberalism?
Ayeisha is joined by Ellie Mae O’Hagan and Laurie Macfarlane

By
Ayeisha Thomas-Smith
02 September 2022

In this mini-series of the New Economics Podcast, we’ll discover how our economy has been run over the past few years — and look at the key battlegrounds for those fighting to change the rules.
Over the last few years, neoliberalism – the economic model that has dominated since Margaret Thatcher was PM – has taken a hit. Big spending and state intervention

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Green credit guidance

23 days ago

Publications
Green credit guidance
A green term funding scheme for a cooler future

By
Lukasz Krebel, Frank van Lerven
02 September 2022

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The Bank of England’s policy toolkit needs urgent updating in light of the climate and cost of living crises. There are multiple interest rates across the economy that may need to be targeted separately to achieve monetary and financial stability and wider ecological and democratically defined goals. With the

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Green credit guidance

23 days ago

Videos
Green credit guidance
A green term funding scheme for a cooler future

02 September 2022

The Bank of England’s policy toolkit needs urgent updating in light of the climate and cost of living crises. Read the report.

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Banking & finance

If you back a recovery plan based around great public services, protecting the planet and reducing inequality, please support NEF to build back better.
Make a monthly donation

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Britain’s homes: telling a different story

August 15, 2022

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Britain’s homes: telling a different story
We need a new generation of social housing

15 August 2022

As people experience the terrifying realities of a cost-of-living squeeze and a climate emergency, more of us are unwilling to accept the cold, damp, unaffordable homes we live in. We need a new generation of social housing to kickstart the economy, create jobs, help rebuild our communities and provide homes for us.
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Splitting the energy bill

August 13, 2022

Blog
Splitting the energy bill
When oil and gas companies are making more money than they ever imagined, it’s time for a higher windfall tax

By
Chaitanya Kumar
13 August 2022

While the world’s oil and gas giants are raking in record profits, families are bracing themselves for a predicted energy bill increase to £4,266 a year for an average household by January. This is treble last winter’s price cap, which was £1,277. Even compared to the current cap, which rose to £1,971 in April, a family using an average amount of energy is facing a bill

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A Gender Equal Living Income

August 5, 2022

Blog
A Gender Equal Living Income
NEF aims to co-design solutions with people most impacted through women-led policy and action

By
Beti Baraki
05 August 2022

With inflation predicted to hit 10% this year, many people across the country are hurting. Despite the UK being the fifth richest economy in the world, more than one in five people are in poverty and 23.5 million people will be unable to afford the cost of living this year. However, people do not experience poverty equally; NEF analysis finds that single female

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The Jet Zero strategy is an abdication of responsibility to the planet and future generations

July 28, 2022

Blog
The Jet Zero strategy is an abdication of responsibility to the planet and future generations
Drawing a downward slanting line on a piece of paper and crossing your fingers is not a ‘strategy’

By
Alex Chapman
28 July 2022

This article was originally published on BusinessGreenWhen is a strategy not a strategy? We found out the answer earlier this week when the High Court upheld an NGO challenge to the government’s Net Zero Strategy. The plan was supposed to set the path to cutting our carbon emissions to net zero by 2050. But, as a brutal

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Tax and borrowing: what will we owe our grandchildren?

July 26, 2022

Blog
Tax and borrowing: what will we owe our grandchildren?
Borrowing to preserve ecosystems – rather than fund tax cuts – is the fiscally responsible thing to do.

By
Frank van Lerven
26 July 2022

In Monday night’s Conservative leadership debate, former chancellor Rishi Sunak reiterated his earlier claims, accusing his competitor Liz Truss of fiscal irresponsibility. Unfunded tax cuts would simply be ​“racking up bills on the country’s credit card that we pass on to our children and grandchildren”, he said.
Sunak further suggested that Truss’s

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Keeping bills and carbon low – where next for policy?

July 12, 2022

Blog
Keeping bills and carbon low – where next for policy?
Options for energy market reform compared

By
Chaitanya Kumar
12 July 2022

The ongoing cost of living crisis has exposed the vulnerabilities of the UK’s welfare system. A decade of austerity and a culling of green policy measures have left us less prepared in the face of this crisis. Now as inflation continues to soar, with an expectation of it reaching almost 11% this year, the Bank of England is dramatically raising interest rates, which as a result is set to drag the country into a

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Will a national care service fix our broken system?

July 6, 2022

Blog
Will a national care service fix our broken system?
Labour’s proposal might help bring some attention back to social care and the government’s failed reforms

By
Daniel Button
06 July 2022

Shadow Secretary of State for Health and Social Care, Wes Streeting, has said that Labour aims to launch a National Care Service (NCS) inspired by the creation of the NHS. The Fabian Society are to look at how the service would be funded and structured, with the aim of building the foundations of a NCS during Labour’s first term in parliament.
Despite

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Change the rules of green finance

July 5, 2022

Blog
Change the rules of green finance
A letter to the government calling for an ambitious green finance strategy to tackle the cost of living crisis

By
Lukasz Krebel
05 July 2022

In anticipation of the new government Green Finance Strategy, the New Economics Foundation and partners have set out five principles for a new vision of green finance that will help tackle the cost-of-living crisis, improve the UK’s energy security, and accelerate the net zero transition.
In a joint letter signed by 75 NGO and academic leaders representing a wide

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Over 10 million households will struggle to meet the cost of living next April

June 24, 2022

Blog
Over 10 million households will struggle to meet the cost of living next April
The rising cost of living isn’t going away. So why has is the chancellor’s support package going to expire in the spring?

By
Sam Tims, Lydia Prieg
24 June 2022

No matter what we do for a living or where we live, many of us want pretty similar things: a warm home, knowing that our family and friends are safe, and the assurance that we will be able to cope with whatever life has in store. But as the rising cost of living bites into living

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Our kids need a Great Homes Upgrade

June 23, 2022

Blog
Our kids need a Great Homes Upgrade
Children have a right to a decent standard of living. Our draughty homes are harming them.

By
Alex Firth
23 June 2022

Alex Firth is a senior children’s rights coordinator at Human Rights Watch.Children sleeping in cold beds, family budgets hammered by spiraling energy costs — this is the reality for many people in the UK. A lot of housing in this country is old and draughty. In fact, the UK’s homes lose heat up to three times faster than the more energy-efficient homes across Europe. The lack of proper

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Click here for care

June 22, 2022

Publications
Click here for care
How the platform economy can impede high-quality childcare

By
Miranda Hall, Duncan McCann, Daniel Button
22 June 2022

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Most of the media and policy attention on gig economy platforms has focused on companies such as Uber and Deliveroo, while those largely represented by women, such as cleaning and caring platforms, get little airtime. Despite the picture that a reference to the gig economy

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Between a rock and a hard place

June 15, 2022

Publications
Between a rock and a hard place
The case for a tiered reserve monetary policy framework

By
Frank van Lerven, Dominic Caddick
15 June 2022

Download the report

As the UK recovers from the economic fallout of the pandemic, we now face a mounting cost of living crisis. Underpinning this crisis is a changing set of macro-economic dynamics giving policymakers a new set of factors that may slow the growth of the economy. After a decade of dangerously low

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‘Who cares if Miami is six metres underwater in 100 years?’

June 15, 2022

Blog
‘Who cares if Miami is six metres underwater in 100 years?’
A senior banker’s comments show we can’t rely on banks to respond to the climate crisis

By
Lukasz Krebel
15 June 2022

Stuart Kirk, Global Head of Responsible Investment at HSBC Asset Management, last month asked investors: ​“Who cares if Miami is six metres underwater in 100 years?” His widely-reported comments demonstrate the grave risks of relying on the financial sector to voluntarily report and take action on the climate crisis.
Evidence continues to mount that the currently

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Reversing the decline of social housing

June 8, 2022

Blog
Reversing the decline of social housing
To tackle the housing crisis, we need to reform and replace the policies that underpin it

By
Simon Hill
08 June 2022

The term ​“affordable housing” to most people is about as trustworthy as ​“the cake never left the Tupperware box”. Affordable houses have been springing up across England at a rate to match public apologies. But when a new development rolls into any town, most people who see the shiny billboard know the affordable homes promised will be anything but.

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New Economics Podcast: How did the British Empire write the rules of today’s economy?

May 30, 2022

Podcasts
New Economics Podcast: How did the British Empire write the rules of today’s economy?
Ayeisha Thomas-Smith is joined by Dr Kojo Koram

By
Ayeisha Thomas-Smith
30 May 2022

Outside of the frenzied headlines about woke warriors cancelling Jane Austen and stately homes, we’re living in a period of renewed consideration of Britain’s colonial history.
The British Empire began before the English Civil War, and shaped our country for 400 years. At its height, it covered almost a quarter of the entire world’s population. Beyond statues and

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The damaging legacy of right to buy

May 19, 2022

Blog
The damaging legacy of right to buy
Boris Johnson wants to extend right to buy to housing associations. But he’s ignoring the grave costs of the policy.

By
Simon Hill
19 May 2022

In tough electoral times, politicians look for policies that galvanise the hearts and minds of a despondent electorate. Boris Johnson proved no different when in last month he announced his intention to extend Thatcher’s flagship right to buy policy to housing association tenants.
Right to buy embedded the notion of a ​‘property owning democracy’ into the British

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New Economics Podcast: Who owns the internet?

May 16, 2022

Podcasts
New Economics Podcast: Who owns the internet?
Ayeisha Thomas-Smith is joined by Dr James Muldoon

By
Ayeisha Thomas-Smith
16 May 2022

What do you get the guy who has everything? A 44 billion dollar social media platform apparently. Elon Musk has already been accused of union busting, shot a car into space, and become the world’s richest man. So what’s next on his to-do list? Buying Twitter of course!
From Mark Zuckerberg to Elon Musk, should we be worried that our online lives are in the hands of a few super-rich men? Will

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A Living Income

May 5, 2022

Videos
A Living Income
A minimum income to ensure you can always afford life’s essentials.

05 May 2022

No matter what we do for a living or where we live, most of us want pretty similar things. A warm home, time with family and friends, a rewarding job. The Living Income means we can all have the peace of mind that we will be able to afford the weekly shop or unexpected costs – even when times are tough.

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Losing the inflation race

May 5, 2022

Blog
Losing the inflation race
Poorly targeted policy is failing to prevent an income crisis

By
Sam Tims, Dominic Caddick
05 May 2022

The spring statement failed to support low- and middle- income households through the highest level of inflation in a generation. Despite the measures announced on the day, NEF found that 23.5 million people would be unable to afford the cost of living.
In the month since, the situation has worsened. The International Monetary Fund has downgraded its gross domestic product forecast for the UK

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New Economics Podcast: What did Covid-19 reveal about how our economy is really run?

May 3, 2022

Podcasts
New Economics Podcast: What did Covid-19 reveal about how our economy is really run?
Ayeisha is joined by Sahil Dutta and Nick Taylor

By
Ayeisha Thomas-Smith
03 May 2022

In the early months of the pandemic, the government shut down whole sectors of the economy and started paying the wages of a huge proportion of Brits. Some worked from home, juggling homeschooling their kids and figuring out how to use Zoom. Others risked their health to travel to work. Meanwhile Big Tech and outsourcing companies raked in money through government

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Exposed: The collapse of green space provision in England and Wales

May 3, 2022

Blog
Exposed: The collapse of green space provision in England and Wales
Neighbourhood green space provision has declined by one third in 21st-century developments, resulting in 9m fewer trips to green space every year.

By
Alex Chapman
03 May 2022

For 15 years the UK has stumbled from crisis to crisis, from recessions to the pandemic, through numerous political upheavals and scandals. Amongst the noise, little attention has been given to the health of the public parks and green spaces which breathe life into our neighbourhoods. As it became

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On a wing and a prayer

April 25, 2022

Blog
On a wing and a prayer
Five ways the government’s irresponsible plans for aviation are putting us all at risk

By
Alex Chapman
25 April 2022

A few weeks back, the government presented its ​“vision and strategic framework for achieving net zero aviation by 2050”. The Department for Transport claims to be able to deliver this while simultaneously increasing the UK’s air capacity by 70%, or 200 million passengers above 2018 levels, by 2050. This would require expanding most of the UK’s major airports.
The strategy is irresponsible and

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