Media
Future Economy Alliance partners respond to the election of the new Labour government.
In a trip organised by FEA partner the School for Social Entrepreneurs, Shadow Justice Secretay Shabana Mahmood visited Miss Macaroon CIC, a social enterprise creating jobs and opportunities for young people.
Ahead of the General Election on 4 July, Labour’s Northampton South candidate Mike Reader met with Future Economy Alliance supporters and mission-led business experts at local social enterprise Northampton Hope Centre.
Looking at how party manifestos address our campaign’s five core policy areas, there are many positives but detail is to be confirmed. We look forward to working with the next government, and opposition, to shape the potential of proposed economic policy to help fix our future.
On 2 May we joined hundreds of people from across our mission-led movement for a Future Economy Alliance battle planning session, preparing to push our sector up the policy agenda for the general election and beyond.
We were proud to host a roundtable with West Yorkshire’s Metro Mayor Tracy Brabin, bringing together mission-led organisations for a discussion of how combined authorities can support them to fix regional economies.
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.
As the recession-hit economy and imminent General Election pile pressure on this week’s Spring Budget, a cross-sector report launched today in Parliament by the Future Economy Alliance calls for a dedicated UK Government Minister to overhaul economic policy.
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.
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.
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.
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.
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.”
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.”
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.”
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.
New research from Future Economy Alliance partner Social Investment Business shows that a long-term anti-poverty fund created during the Blair government doubled the economic output of some local areas and improved deprivation levels by up to 17%.