National Economic Development Council (N.E.D.C. or ‘Neddie’)

Updated: Aug 20, 2021

This was set up by the U.K. government in 1962 with the overall aims of encouraging economic growth and keeping a watch on industrial development generally. It consists of representatives of government, employers and trade unions, and is chaired by a leading government minister. In order to achieve greater coverage of national industrial problems sub-committees were set up in 1964, with responsibilities for particular industries and with power to make representations to the Council. These sub-committees became known as ‘Little Neddies’. Their number varies according to the needs of the moment, and whilst new ones may be formed others may be disbanded when they are no longer relevant. The N.E.D.C. was in1981, incorporated as part of the British Technology Group.

Reference: The Penguin Business Dictionary, 3rd edt.

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.