Top economists urge Burnham to sign UK up to UN initiative on global inequality
Summary
Forty leading economists and academics are urging Prime Minister Andy Burnham to have the UK join a new United Nations initiative called the International Panel on Inequality (IPI). This group aims to study global inequality and suggest ways for countries to reduce it, with the UK expected to play a key role as it prepares to lead the G20 in 2027.Key Facts
- Forty prominent progressive academics, including Nobel Prize winner Joseph Stiglitz, signed the open letter.
- They want the UK to support the creation of the International Panel on Inequality (IPI) at the UN.
- The IPI will provide trusted global evidence and policy advice on inequality issues.
- The UK will chair the G20 in 2027, a forum including major global economies like China, India, Brazil, and others.
- Burnham previously worked on reducing inequality as mayor of Greater Manchester.
- Some Labour MPs want the party to return to spending 0.7% of national income on overseas aid, a target set in the past by Gordon Brown.
- Recent aid cuts have reduced help to some African countries by up to 90%.
- Foreign Secretary Ed Miliband wants to prioritize international development, including UK involvement in the World Bank.
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