The Future Economy Alliance hosted an event with centre-right think-tank Onward to explore how mission-led businesses can help build a more resilient society. Alliance chair, Arvinda Gohil OBE joined Minister for Enterprise, Markets and Small Businesses, Kevin Hollinrake MP on the panel.
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As the UK gears up for a General Election, the Future Economy Alliance is ready to guide our next government through the bold reforms needed – and you can help us bring these issues to the top of the political agenda by supporting our new Crowdfunder campaign.
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Experienced campaigner Arvinda Gohil will lead a growing partnership of 25+ organisations urging the UK Government to enact bold economic reform that ensures business profits benefit people and planet. Arvinda brings 41 years of experience in executive and non-executive leadership to the Future Economy Alliance.
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New research reveals that a third of UK adults feel business has a positive impact on the national economy, and just a quarter believe it benefits wider society, while many said it has no impact at all or is actively negative. This may explain why just 15% think the national approach to business should stay the same, with campaigners urging reform.
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On Wednesday 24 May 2023, Future Economy Alliance partner Social Enterprise UK brought cross-sector collaborators together with politicians and policymakers in the House of Lords to discuss how British business can deliver better for our economy and society. Find out more and join our campaign to transform the potential of British business.
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As the International Monetary Fund recognises that corporate profits drive inflation, Future Economy Alliance campaigner Emily Darko told the Financial Times: “Our mainstream business model is broken, with a tiny minority accruing wealth at extreme cost to wider society. Business should make profit through innovation and investment, not by taking advantage of consumers.”
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Social entrepreneur and leading Future Economy Alliance campaigner Lord Victor Adebowale told the Guardian: “Privatisation was pitched in the 1980s as a solution to systemic weakness in public services and the wider British state, but instead we’re left with a business model so broken that it benefits neither economy nor society. Nationalisation dominates the debate, but we have other viable alternatives.”
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Commenting on the Thames Water financial crisis, social entrepreneur and leading Future Economy Alliance campaigner Lord Victor Adebowale told the Telegraph: “Only a crisis, actual or perceived, brings about real change – and Thames Water presents an opportunity to do better business.”
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A study published in the Lancet has found a number of improvements in terms of mental health and wellbeing from the community wealth building programme put in place by Preston City Council.
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