National Economic Development Council


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National Economic Development Council

n
(Economics) an advisory body on general economic policy in Britain, composed of representatives of government, management, and trade unions: established in 1962; abolished in 1992. Abbreviation: NEDC or Neddy (informal)
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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"This enabled him to play a very strong role in the health service, in the Monopolies and Mergers Commission and afterwards in the National Economic Development Council.
Indeed, with the setting up of the National Economic Development Council (Neddy)--and a series of little Neddies for specific industries--the tripartite model became even more thoroughly entrenched across industry and throughout the United Kingd om.
When the National Economic Development Council was formed in 1962, he was closely associated with it.

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