Wed 09 Oct 2024 - Events of the last 5 to 10 years have inhibited the British state’s ability to plan for and deliver ‘good’ long-term policy. From the UK’s departure from the EU to COVID-19 and the war in Ukraine, the UK government’s capacity to think beyond a typical parliamentary term has been severely hampered. This isn’t a party-political criticism, nor a slight on our dedicated civil servants. It is an assessment of the various structural and behavioural barriers that prevent longer term thinking in our politics.
As experts in long-term risk management, the actuarial profession is advocating a return to long-term policymaking. Last autumn we published our policy prospectus Beyond the next Parliament. It suggests ways in which government and others can take an alternative approach to ensure a longer time horizon is considered in the policymaking process. As part of this campaign, the IFoA is hosting a 3-part webinar series, focusing on the key policy areas addressed in the prospectus.
In the third and final event of the series, we will focus on how we can green our economy. To do this we will explore how sustainability and infrastructure projects can help to unlock economic growth.