The ONS analysis compared people’s well-being according to gender, age, ethnic group, relationship status, health, disability, employment status and occupation, as well as by nation, region and local authority. This has potentially opened up new data for social science and policy making that reflects well-being and sustainable development.
Well-being comprises four ‘capitals’—natural capital, produced capital, human capital and social capital. The Treasury usually concerns itself with produced capital (GDP). The new Natural Capital Committee
made its first report to government
(opens as pdf) in April.
The EAC inquiry will examine how the information from the initiative should now be used in government policy making. It will also consider what human and social capital policy making could be drawn, given the ongoing work on natural capital. Dieter Helm, chair of the Natural Capital Committee, gave oral evidence to the committee on 9 May. In the meantime, written evidence is being taken until 14 June.