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IFS Zooms In: The Economy
HIGHLIGHT: The future of public sector pensions
This week, we're bringing you an episode from the archives, looking at the future of public sector pensions. We'll be back in two weeks with a new episode.
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In an era where those in the private sector have seen their pension provision decrease, pensions in the public sector continue to look generous.
But is this sustainable? Should we change the balance between pay and pensions for those in the public sector? What does the future hold for public sector pensions?
This week, we speak to Lord Hutton of Furness, cabinet minister in the last Labour government and leader of the Independent Public Service Pensions Commission, a review into public sector pensions commissioned by David Cameron, and by Carl Emmerson, IFS Deputy Director and expert on pensions.
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41:12||Season 5, Ep. 30117 days after Labour took office, Rachel Reeves has finally delivered her Budget.From tax rises and fiscal rules, to public services and investment, we'll take a tour around all of the big announcements. Paul is joined by Helen Miller and Ben Zaranko, colleagues at the IFS.Find out more: https://www.ifs.org.uk/29. LIVE: How can Rachel Reeves make her first Budget a success?
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35:47||Season 2, Ep. 28Sign up to our live event: https://ifs.org.uk/events/ifs-zooms-live-how-make-your-first-budget-successThe budget coming up in a few weeks will be one of the big moments for Labour to set out their policy agenda. Over the summer, the government set out what it considers a difficult public finance picture - including a supposed £22bn ‘black hole’. The Labour manifesto promised big improvements to public services, and the prime minister has since promised no return to austerity. Meanwhile, the chancellor has promised that the upcoming Budget will be a ‘Budget for investment’. And there’s those promises to get debt falling, and not to raise the main rates of income tax or corporation tax, or to raise national insurance or VAT at all. So how could they meet their fiscal targets while also fixing public services and increasing investment? What is the public finance picture looking like? And will there be enough resource to tackle some of the challenges facing the UK economy?To explore these questions, Paul is joined by Carl Emmerson and Ben Zaranko.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts27. Should the Chancellor raise capital gains tax?
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