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IFS Zooms In: The Economy: Daily Summaries Delivered
by Institute for Fiscal Studies
Step beyond the headlines with in-depth, independent analysis from the experts at the Institute for Fiscal Studies. Hosted by IFS Director Helen Miller, this podcast brings you objective insights from the researchers shaping the debate.
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- 5 days ago47 min
Inequality: what does Britain really think?
Around 80% of people think the gap between those on high and low incomes is too big. But only around 40% think the government should redistribute income from the rich to the poor.Why is there such a gap between concern about inequality and support for action to reduce it?In the second episode of our mini-series on inequality, we ask why people care about inequality, whether they distinguish it from poverty, and how views about luck, hard work, wealth and power shape attitudes to policy.Helen Miller is joined by Jonathan Cribb, Deputy Director at IFS, and Bobby Duffy, Professor of Public Policy and Director of the Policy Institute at King’s College London. They draw on work for the IFS Deaton Review of Inequalities to explore what the British public thinks about inequality, what kinds of inequality worry people most, and what they want government to do about it.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.
- 1 weeks ago47 min
How unequal is Britain?
In the first episode of our new series, we set out the big picture on inequality in the UK. We look at what has happened to income and wealth inequality and how Britain compares with other countries.But inequality is not just about money. It shapes people’s opportunities, education, health, family life and where they live. Some gaps have narrowed over time, while others remain stubbornly wide - and some inequalities in one generation can shape the chances of the next.Helen speaks with Paul Johnson and Jonathan Cribb to explore what the key facts tell us about modern Britain, what kinds of inequality we should worry about most, and where trade-offs with growth, fairness and redistribution become unavoidable.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.
- 2 weeks ago47 min
The tough fiscal reality facing the UK government
Britain’s public finances are under pressure. Public debt is high, borrowing remains high, and the government is spending far more on debt interest than in the past. Taxes are heading towards historic highs, while public services remain under strain and demand on the state continues to rise. In this episode, we set out the fiscal backdrop that will shape British politics over the coming years. Whoever is Prime Minister or Chancellor will face many of the same constraints: expensive borrowing, difficult spending choices and the need to get debt on a more sustainable path. Helen Miller is joined by IFS colleague Max Warner and Chris Giles, economics commentator at the Financial Times, to explain the state of the public finances, why borrowing costs matter, what the government’s fiscal rules do, how realistic current spending plans are, and whether there is any room for a future government to do things differently.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.
- 3 weeks ago49 min
Why is UK electricity so expensive?
Conflict in the Middle East has pushed up energy prices in the UK. Even if the war ends soon, prices may not return to pre-war levels, and government could still face pressure to support households.But the problem runs deeper than the current crisis. Even before the latest shock, the UK had some of the highest electricity prices in the developed world. Why is electricity so expensive here? How much of the problem is down to gas? Are renewables making bills cheaper or more expensive? And if government wants to cut electricity prices, what can it actually do?Helen Miller is joined by Dieter Helm, Professor of Economic Policy at the University of Oxford, and Peter Levell, Deputy Research Director at IFS, to discuss Britain’s energy mix, the costs of renewables, net zero targets, and how policy should respond to energy price shocks.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.
- May 14, 202642 min
What Do Councils Actually Do?
Local government affects almost every part of our daily lives: bins, roads, planning, housing, schools, social care, public health, libraries, parks and more. But despite this, local elections are often discussed mainly as a test of national politics - with far less attention paid to what councils actually do, what councillors can change, and why so many councils are under such severe financial pressure.In this episode, we ask what local government is responsible for, how councils are funded, and why rising funding has not been enough to keep up with rising demand. We look at the pressures from social care, homelessness, SEND and other statutory services, and ask what it really means when a council is described as effectively bankrupt.Helen is joined by David Phillips from the Institute for Fiscal Studies and Aileen Murphie, honorary Professor at Durham University, and formerly at the Department for Communities and Local Government, and the National Audit Office.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.
- Apr 15, 202644 min
The tough choices facing Wales’s next government
In a few weeks, voters in Wales will choose the next Welsh Government in what could be a historic election. With Labour’s long dominance under pressure, this episode examines the fiscal backdrop to the campaign and the difficult choices facing whoever takes power.Helen is joined by Joe Rossiter, Co-Director of the Institute of Welsh Affairs, and IFS economist David Phillips, to discuss how Wales is funded, how the block grant from Westminster has changed over time, and how devolved tax powers have — and have not — been used. They assess the state of Welsh public services, ask whether Wales should have more powers over tax, spending and borrowing, and explore the constraints facing the next Senedd.They also look at what the parties are promising, where the main dividing lines lie, and why many of the biggest trade-offs are still not being clearly spelled out.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.
- Apr 8, 202646 min
What does this election mean for Scotland’s future?
Scotland receives significantly more funding per person for devolved public services than England, helping to pay for policies like free university tuition and smaller school class sizes. But despite that advantage, performance in parts of health and education remains under pressure, and Scotland’s fiscal outlook is becoming tighter.In this episode, Helen is joined by Mairi Spowage of the Fraser of Allander Institute and IFS Associate Director David Phillips to unpack the big economic and fiscal questions hanging over the Scottish Parliament election. They explain what powers are devolved, where Scotland’s money comes from, how tax and benefit choices have made the system more progressive, and why the next Scottish Government will face difficult trade-offs.They also discuss Scotland’s public service performance after Covid, the risks created by recent budgeting habits, and the issues politicians may prefer not to talk about as manifesto season begins.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.
- Mar 26, 202644 min
Will everyone have to work until they are 67?
The state pension age is rising. It is currently 66, and by 2028 it will reach 67. But what does that actually mean for the people approaching retirement, and does it really mean everyone will have to work longer?In this episode, Helen is joined by Jonathan Cribb and Heidi Karjalainen to examine one of the biggest questions facing the pensions system: how high should the state pension age be? They discuss why it has been rising, what the state pension is designed to do, and how changes to the pension age affect work, retirement and government spending.They also look at who is able to keep working into their late 60s, who is not, and whether a single state pension age makes sense for everyone. Along the way, they explore how the UK compares with other countries, what happens to people who cannot work up to pension age, and whether the state pension system is financially sustainable in the long run.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.
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About IFS Zooms In: The Economy
Step beyond the headlines with in-depth, independent analysis from the experts at the Institute for Fiscal Studies. Hosted by IFS Director Helen Miller, this podcast brings you objective insights from the researchers shaping the debate.
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