Gross Domestic Wellbeing

That this House welcomes the publication of the innovative Gross Domestic Wellbeing Index by the Carnegie UK Trust; recognises that GDP growth fails to capture a true picture of progress; welcomes the aim of developing holistic approaches to understanding and measuring progress that include social, environmental, economic and democratic wellbeing; notes that Gross Domestic Wellbeing Index was decreasing in the UK even prior to the covid-19 pandemic whilst GDP was increasing; acknowledges the conclusions drawn from over 40 independent reviews and commissions that the cornerstones of government decision making for wellbeing are prevention, participatory democracy, equalities, localism, integration and long-termism; and calls on the Government to accept the report’s recommendations to hold a national conversation on wellbeing in England to inform an update of ONS wellbeing indicators, and to put wellbeing at the heart of all policy making, including budgets, as part of Building Back Better.