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The council

Our council of 50-60 citizens have started meeting. This is where you can catch up on what they've been discussing and take a look at the topics we've covered.

Day 1: Society, economy and markets

The first meetings of the council in London and Manchester set the scene for the Council members. They discussed their ideas about the purpose of the economy and began to consider, as a group, the values they believe should be at the heart of the future UK economy.

The Councillors explored the different types relationships within our society and, through an introduction to markets, the different ways we value and measure these relationships.

Along the way they were introduced to economic concepts and schools of thought, and encouraged to weed out and define jargon to ensure that the conversations were accessible to everyone in the group, regardless of their prior knowledge of economics.

The day was also designed to set the tone for the rest of the sessions; core to these deliberative sessions is the working relationship that the Councillors have with each other, providing space for everyone to have an input which is respected and listened to.

We were joined by several members of our advisory group and economic review panel.

You can read more about the first London council meeting in this Financial Times article.

  

    

Rather than us each trying to do everything on our own, the economy is about us all working together: creating more than sum of the parts.

Council member, Manchester

Day 2: Institutions

Using a map of the economy, which we created with Ecnmy for the DIY Economics Toolkit, we asked our participants to think about the different roles they play in the economy, and explored what their ideal economy looks like.

In the afternoon we held a panel session with experts working for some of the institutions that play an important part in our economy. This gave our citizens a chance to grill the panel on how their insitutions shape our economy, and ask them how they are working to serve the public.

London panellists:

  • Chris Naylor, Chief Executive at London Borough of Barking and Dagenham

  • Ratidzo Starkey, Head of Stakeholder Relations, Bank of England

  • Andrew Mills, Independent Financial Services Analyst

  • Pete Gladwell, Head of Public Sector Partnerships, Legal and General

Manchester panellists:

  • John Young, Bank of England, North West

  • Karen Patridge, Head of Client Services, AHC

  • Christian Spence, Head of Research & Policy, Greater Manchester Chamber of Commerce

  • Cllr Beth Knowles, Manchester City Council

I realise I do know a lot about the economy, but people don’t give us information in an easy digestible way so we can’t inform our own lives. My whole life is the economy, the economy is my life, we just don’t know enough information to understand it. If you want us to engage and open the dialogue, we need to have the information. Everything is affecting us and if we don’t know what’s going on we can’t change it.

COUNCIL MEMBER, LONDON

Day 3: Work

We will be asking council members to deep dive into 3 different sectors of our economy and discuss the world of work. Cutting across these sectors we want to focus on reasons and rewards for work, and hope to touch on current issues such as the influence of technology on work, and changing forms of employment.

 

Day 4: The future

We will be asking our Council members to look to the future; using all the insights they have gathered over the 3 deliberation days, and building on discussions about the purpose of the economy, we want them to develop ideas for how their ideal economy can be realised.

 

Day 5: The Economic Summit

On our final deliberation day we will bring together both groups from London and Manchester to meet in the middle, in Birmingham. Here they will share experiences and agree on a set of principles which they, as a Council, believe should govern our economy - ultimately creating a charter of economic rights.

We will invite key stakeholders to join us, to learn about the work of the Council, and to understand how participatory and deliberative methods could be used in their own fields of work.

The Economic Review Panel

To prevent bias in any of the information we are presenting during the council, the materials we use are being reviewed by our Economic Review Panel - a panel of economists from diverse strands of economic thought to ensure balance, independence and impartiality.

Several of them have and will continue to support the deliberation days by being economic experts on call and busting jargon that comes up in discussions.

Find out more about the Economic Review Panel

Rain Newton-Smith

Rain Newton-Smith

Director of Economics, Confederation of British Industry

 

Prof Victoria Chick

Prof Victoria Chick

Emeritus Professor of Economics, University College London

 

Dr Geoff Tily

Dr Geoff Tily

Senior Economist, Trades Union Congress

 

Dr Jo Michell

Dr Jo Michell

Senior Lecturer in Economics, University of the West of England

 

Nathalie Spencer

Nathalie Spencer

Behavioural Scientist, ING

 

Prof Ben Fine

Prof Ben Fine

Professor of Economics, School of Oriental and African Studies, University of London

 

Dr Andy Denis

Dr Andy Denis

Senior lecturer in Political Economy, City University London

 

Prof Mariana Mazzucato

Prof Mariana Mazzucato

Professor in the Economics of Innovation and Public Value, University College London

 

Prof Tim Jackson

Prof Tim Jackson

Professor of Sustainable Development, University of Surrey, and Director of the Centre for the Understanding of Sustainable Prosperity

 

Prof Ozlem Onaran

Prof Ozlem Onaran

Professor of Economics, University of Greenwich, and Director of the Greenwich Political Economy Research Centre