Value for Money

• So the best policies are those which produce the most wellbeing for each pound they cost the government. [...] For them the test is how large are wellbeing benefits (in terms of their money equivalent) relative to their cost to the government? [...] It should lead to major improvements in how the government uses our money to improve lives.” The full report is available here: Value for Money: How to Improve Wellbeing and Reduce Misery The report will be launched by Lord Layard on Tuesday 3 September at the Institute for Government. [...] The Centre for Economic Performance (CEP) is an independent research centre based at the London School of Economics and Political Science. [...] The project is funded by Partners for a New Economy and the Centre for Economic Performance (CEP). [...] About the authors: • David Frayman is a research economist in CEP’s community wellbeing programme. [...] • Christian Krekel is an assistant professor at LSE and an associate of CEP’s community wellbeing programme. [...] • Professor Richard Layard is co-director of CEP’s community wellbeing programme. [...] • Sara MacLennan is a visiting senior research fellow in CEP’s community wellbeing programme. [...] • Isaac Parkes is a research assistant in CEP’s community wellbeing programme. 4.