Published: 22nd Mar 2011

The Budget on 23 March is widely predicted to hit the pockets of middle England, threaten new cuts on public spending – against a backdrop of economic decline. Gloomy reading… and, coming at a time when government is working on plans to measure our wellbeing, is this going to lead to a spectacular own goal? Why would politicians choose to measure something that is likely to be moving dramatically in the wrong direction? But, there is evidence that we may be happier today than we were when the economy boomed. The most recent data on our national ‘subjective wellbeing’ (how we feel about the quality of our lives) shows that our wellbeing has, if anything, gone up. In 2007 the national average answer was 7.3 out of 10. By 2010 this had risen to 7.5. Not a huge change but also not in the downward direction we might expect. However, … (To read the full article, subscribe below)