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Atif Shafique
A tectonic shift in how policymakers think about economic performance and growth is said to be occurring. The work the Office for National Statistics (ONS) is doing in developing well-being measures to complement GDP is purportedly a prime example of the very real possibilities of integrating alternative social, economic and environmental indicators into the economic policymaking process.[1] Indeed, a Treasury paper has highlighted the potential for subjective well-being indices to become a realistic complement to traditional economic approaches.[2] David Cameron himself was adamant, in late 2010, that: