The £46bn cost of “too-big-to-fail”

Ethical Markets Reforming Global Finance

British banks are getting an effective taxpayer subsidy of £46bn a year because they are extraordinarily large and have a unique status in the economy, according to new research from nef. The market believes that the government will always step in and rescue banks when they are in crisis. After the crash of 2008, some …

The nef e-letter: Well-being gets political boost

kristy Beyond GDP

A newsletter from nef e-letter Well-being gets political boost Politicians, journalists and senior civil servants have praised nef for our pioneering work on well-being measurement, after a new report was released last month. Measuring Our Progress sets out how well-being data can start to transform politics, by making politicians accountable …