Story perspectives

UK Budget Shifts Focus to Sustainable Economics Amid Crisis

11/14/2025

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Summary

Story summary

The UK budget faces challenges as growth slows amid rising living costs and a climate crisis.
Researchers say GDP-focused models fail to address the climate, inequality, and geopolitical instability, proposing a "new economics" based on ten principles.
Examples include the Welsh Wellbeing of Future Generations Act and Amsterdam's doughnut economics.
As Chancellor Rachel Reeves prepares the budget, applying these principles could shift focus from growth to sustainable, equitable strategies.

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Story summary

The UK budget faces challenges as growth slows amid rising living costs and a climate crisis.
Researchers say GDP-focused models fail to address the climate, inequality, and geopolitical instability, proposing a "new economics" based on ten principles.
Examples include the Welsh Wellbeing of Future Generations Act and Amsterdam's doughnut economics.
As Chancellor Rachel Reeves prepares the budget, applying these principles could shift focus from growth to sustainable, equitable strategies.