All NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Economists Urge UK PM Burnham to Join UN Inequality Initiative

Created at 18 Aug · 4:11 AM1 source↑ Market-relevant
IN SHORT

Dozens of prominent academics, including Nobel laureate Joseph Stiglitz, have urged Prime Minister Andy Burnham to sign the UK up to a new UN initiative aimed at tackling global inequality. They advocate for the creation of an International Panel on Inequality (IPI) to provide evidence-based policy recommendations.

Key Numbers

40prominent academics urging action
2027year UK chairs G20
9years Burnham was mayor of Greater Manchester
0.7%target for overseas aid spending
90%aid cut to some African countries

Who's Involved

Andy Burnham
UK Prime Minister urged to join UN initiative on global inequality
Joseph Stiglitz
Nobel laureate economist, to chair proposed International Panel on Inequality
Mariana Mazzucato
University College London professor, signatory to the open letter
Larry Kramer
Vice-chancellor of the London School of Economics, signatory to the open letter
Kate Pickett
Professor at York University, co-author of The Spirit Level, led academics
Stewart Wood
Foreign Office minister for growth, responded on behalf of the government
Ed Miliband
UK Foreign Secretary signaling focus on international development
Keir Starmer
Leader under whom Labour cut aid spending
Anneliese Dodds
Former development minister who resigned over aid cuts
Gordon Brown
Former Prime Minister who set the 0.7% overseas aid target

↳ Why This Matters

The initiative represents a potential shift in the UK's global engagement, aiming to position the country as a leader in addressing international inequality. It also highlights a potential divergence from recent austerity measures in foreign aid and a renewed focus on global development under the Burnham government.

Key facts

  • Forty prominent academics urged Prime Minister Andy Burnham to join a UN initiative on global inequality.
  • They called for the UK to help establish an International Panel on Inequality (IPI).
  • The IPI would provide an independent, trusted global evidence base on inequality.
  • The UK is set to chair the G20 in 2027, presenting an opportunity for global leadership.
  • Joseph Stiglitz is slated to chair the new panel, which is being developed at the UN.
  • Brazil, South Africa, Norway, and Spain have been involved in the IPI's setup.

Dozens of prominent academics, including Nobel laureate Joseph Stiglitz and Professor Mariana Mazzucato, have penned an open letter urging Prime Minister Andy Burnham to commit the UK to a new United Nations initiative focused on tackling global inequality. The proposed International Panel on Inequality (IPI) aims to establish a trusted global evidence base on the causes and consequences of inequality, and to analyze effective policy solutions.

The academics argue that while Burnham's domestic policies address fairness, inequality is also a critical global issue exacerbated by geopolitical instability. They suggest that by backing the IPI, Burnham could globally cement the principles of his political agenda. The letter highlights the UK's upcoming chairmanship of the G20 in 2027 as a prime opportunity to demonstrate leadership on the world stage and reclaim Labour's historical focus on global development.

The IPI, which would be chaired by Stiglitz and modeled after the Intergovernmental Panel on Climate Change, has seen involvement from countries like Brazil, South Africa, Norway, and Spain in its development. The academics are encouraging Burnham to signal the UK's support for the initiative during his attendance at the UN General Assembly next month, referencing his prior advocacy for inequality issues as Mayor of Greater Manchester.

The letter also touches upon Labour's recent history regarding foreign aid, noting cuts made under Keir Starmer, which led to the resignation of a development minister. Foreign Secretary Ed Miliband has indicated a desire to prioritize international development. The government, through Foreign Office minister Stewart Wood, responded by emphasizing the importance of international partnerships to strengthen the global economy, boost growth, combat inequality, and improve international financial institutions and coordinated development support.

Frequently asked questions

The IPI is a proposed UN initiative designed to provide an independent, trusted global evidence base on the causes and consequences of inequality, and to analyze policies that can reduce it. It would be chaired by Nobel laureate Joseph Stiglitz.

They believe inequality is a global issue exacerbated by geopolitical instability and that the UK, under Prime Minister Andy Burnham, can demonstrate leadership by supporting the IPI, especially with the UK set to chair the G20 in 2027.

Recent analysis suggests significant cuts to bilateral aid to some African countries (up to 90%). Foreign Secretary Ed Miliband has signaled a desire to make international development more central to Labour's priorities.

Brazil, South Africa, Norway, and Spain have been involved in the setup of the proposed panel.

What Happens Next

01Burnham to consider signing the UK up to the UN initiative.
02Burnham to signal UK support at the UN General Assembly next month.
03The UK to potentially play a leading role in the G20 in 2027.

How It Developed

Academics urged Prime Minister Andy Burnham to join a UN initiative on global inequality.
They called for the UK to help establish an International Panel on Inequality (IPI).
The IPI aims to provide a global evidence base on inequality and policy solutions.
The letter highlights the UK's upcoming G20 chairmanship in 2027 as an opportunity for leadership.
The proposed body would be chaired by Joseph Stiglitz and modeled after the IPCC.
Brazil, South Africa, Norway, and Spain have been involved in the IPI's setup.
Academics suggested Burnham signal UK support at the UN General Assembly.
The government, through Foreign Office minister Stewart Wood, acknowledged the need for international partnership to combat inequality and boost global growth.

Sources

T1
Top economists urge Burnham to sign UK up to UN initiative on global inequalityThe Guardian

Related Stories

JP Morgan boss Jamie Dimon warns UK chancellor not to hike taxes on banks
17 Aug · 8:06 AM
Reform UK benefit cuts would push children into poverty, campaigners warn
17 Aug · 7:21 PM
UK Defense Secretary's Phone Number Found Online After PM Burnham Targeted by Text Scam
17 Aug · 4:36 PM
England scraps weekday restrictions on disabled bus passes
17 Aug · 9:41 PM
Reform's Tice dismisses climate crisis, urges public to 'enjoy' heat
17 Aug · 3:06 PM