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Insider UK
Business
Craig Paton & Peter A Walker

Campaigners call for Yousaf to take action on wellbeing economy

More than 200 charities, unions, academics and campaigners have signed a letter to Humza Yousaf calling for action on the implementation of a wellbeing economy.

The First Minister appointed ally Neil Gray to the post of Wellbeing Economy Secretary earlier this year, prioritising the shift away from gauging prosperity using traditional economic measures such as GDP.

The open letter - arranged by Wellbeing Economy Alliance Scotland - calls for the Scottish Government to use devolved tax powers to spread wealth, invest further in social security, universal basic services, pay for public sector workers and environmental improvements.

Scotland’s National Performance Framework, the campaigners say, should also be re-purposed to track wellbeing.

The statement, signed by the heads of the STUC and the Poverty Alliance, as well as Wellbeing Economy Professor Gerry McCartney, read: “Scotland is a rich country, yet wealth inequality is rising at the same time as one in four children is growing up in poverty.

“Economic exclusion and inequality on the lines of gender, race, disability, social class, sexual orientation, and other forms of marginalisation remains stark.

“And we continue to put more pressure on the environment than the planet can sustain or our climate legislation requires.

“Despite efforts to date, we are on track to miss our child poverty targets, and climate targets have been missed eight years out of 12 - our economy is not delivering for our collective wellbeing.”

While the letter says the group is “encouraged” by the creation of Gray’s role, it added: “We are concerned by the lack of substantive progress in redesigning our economy.

“We need a robust plan to put the wellbeing of people and nature at the heart of our economy. We have run out of time for talk, what we need now is action.”

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