How the government can make us happy

In order to be happy, we simply need the government to do the things they are supposed to do, but to do them properly. Then we can build our own happiness.

How do you make a population happy? The Office of National Statistics will soon know. From April, David Cameron wants them to start measuring "our progress as a country, not just by how our economy is growing, but by how our lives are improving. Not just by our standard of living but by our quality of life." The ONS is to figure out how this tricky concept is to be measured. Then Cameron intends to get on with helping us improve our general "wellbeing".

This sounds good - and it is absolutely true that GDP is, as Cameron puts it, "an incomplete way of measuring a country's progress". But it isn't easy to make people happy. In most cases, the best you can do is to take away the things that make them miserable and leave them to it. And, as far as I can see, the government is already supposed to be doing exactly that.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.