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IFS Zooms In: The Economy
The Expert Factor: Is there any money left?
Season 4, Ep. 23
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Rising inflation, a cost of living crisis, striking public sector workers, the NHS facing another winter crisis… costs on the public purse are spiralling and government borrowing is being pushed still higher.
So is it true to say there is no more money left?
This week the Expert Factor team take a deep dive into the state of Britain’s public finances. What would it mean if we stick to current tax and spend policies? What choices are facing this country’s politicians and its public services? What does the country expect its governments to deliver – and how does it expect it to be paid for? And what did we learn from the Labour and Conservative conferences about the two parties’ plans for the economy?
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23. How could the Chancellor raise more tax?
42:40||Season 5, Ep. 23Over the summer we’re bringing you a series of briefings on the key challenges and policy options facing the new set of government ministers. Today we’re turning to the tax system and we’ll answer the questions that the Chancellor has almost certainly been asking Treasury officials in recent weeks: how could more tax revenue be raised and how could tax reform boost growth.Rachel Reeves has ruled out tax rises on 'working people', saying that there will be no increase of income tax, VAT, National Insurance or Corporation Tax. What areas of tax does this leave to fill the shortfall in the public finances? Which taxes could be reformed to boost growth?To tackle those questions, Paul is joined by Dan Neidle a tax lawyer and founder of Tax Policy Associates and Helen Miller, Deputy Director at the IFS.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts22. Why are universities in financial trouble?
41:46||Season 5, Ep. 22Over the coming weeks, we’re bringing you a series of briefings looking at key areas of government and analysing their performance over recent years, the challenges they face and the solutions the new government may look to help them.This week, we’ll be looking at higher and further education. Over recent months, we’ve heard lots of stories about the pressures on university finances, and concern that some universities may go bust. We’ll discuss why this is, what happens if a university goes bust and whether government can do anything to fix the problem. We’ll also discuss longer-term challenges facing the higher and further education sectors.We're joined by Jack Britton and Christine Farquharson, IFS education experts.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts21. Can the new government fix the NHS?
41:45||Season 5, Ep. 21Over the next few weeks, we’re bringing you a series of briefings looking at key areas of government and analysing how they have performed over recent years, what challenges they face and which solutions are on the table.This week we'll start with the NHS - the UK's biggest public service. We're joined by Ben Zaranko and Max Warner, IFS experts, to discuss the big challenges facing the NHS, and what Labour will do about them.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts20. Is Labour's inheritance really worse than expected?
37:06||Season 5, Ep. 20On Monday, the new Chancellor, Rachel Reeves, stood up in front of Parliament and spoke about, what was in her view, the challenging economic inheritance left to Labour by the previous Conservative government. She revealed a series of unfunded commitments by the previous government - a multibillion-pound gap in the public finances covering areas such as spending on asylum seekers and unfunded infrastructure projects. So, what do we make of the announcements? What are the implications of the spending cuts announced? What does this statement tell us about how the Chancellor will handle economic challenges?To answer these questions, we’re joined by Christine Farquharson and Ben Zaranko.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts19. What is Labour's economic strategy?
39:45||Season 5, Ep. 19In the King's Speech last week, Labour announced 40 new bills covering areas from planning and green energy, to fiscal locks and a national wealth fund.What can these bills tell us about Labour's economic strategy? We speak with IFS economists, Christine Farquharson and Ben Zaranko.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts18. ELECTION SPECIAL: Your questions answered
40:22||Season 5, Ep. 18In the final run up to the election, we answer your questions about everything from borrowing to growth and from AI to the part that luck plays in the economy.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts17. ELECTION SPECIAL: The big issues politicians haven't spoken about
36:58||Season 5, Ep. 17On Monday, we released our comprehensive analysis of the parties manifestos at an event in Westminster. After some time digesting and analysing the manifestos, we’ve concluded that neither of the main parties is being honest with voters about the challenges we face in coming years. So, what are the manifestos missing? What are the big challenges facing us? And what information should voters be aware of as they head to the polls?Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts16. ELECTION SPECIAL: Has 'levelling up' worked?
38:01||Season 5, Ep. 16We discuss 'levelling up' and local government and see how much progress has been made. We also analyse the SNP and Plaid Cymru manifestos. Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts15. ELECTION SPECIAL: The Reform UK and Green Party manifestos explained
25:37||Season 5, Ep. 15We discuss the Reform UK and Green Party manifestos and give our reaction to the policies and pledges within them.Find out more: https://ifs.org.uk/Become a member: https://ifs.org.uk/individual-membership