Відео

Now you could do that…

The drop in productivity coincided with the drop in interest rates to 300 year lows. Could this have been a cause?

If you don't vote conservative your gay

I love reading comments about politics. Most people think everything "their" party says is great and everything any other party says is wrong. Like listening to children. 🤣

I love the Podcast. Your ability to help me understand economics as a regular member of the public can not be overstated.

Labour always knew they would win Election 2024 given the dire state of the country and the Tories. Easy therefore for them to diagnose and list all the problems without having to bother much about explaining their policies on dealing with them. In the fortnight since this podcast, Starmer and his senior colleagues continue getting away with word salad responses to journalists and weak rebuttals to desperate Tories, leaving us still little or none the wiser. Once in power this Friday, faced with a badly-bruised Tory opposition of perhaps 150 - or even just 100 - MPs, they'll have an open goal to make things up as they go along.

Government's don't need to borrow money, it's a myth. They can spend whatever they want as long as it doesn't cause inflation. This money can be created for free by BoE, the govt doesn't have to wait for taxes or borrow to spend.

He's going tou use the money to train 6000 more teachers for state schools.... when the private schools start closing you'll need 1200 new teachers mate👍

All talk no brain world over,

You didn't mention pointless government waste, HS2, PPE that doesn't work, the Rwanda scheme. What if there was a serious penalty, like capitol punishment, for egregious squandering and wasteful spending. Seriously, all governments waste money, and you clever guys and gals know that, I'd like to see a podcast covering some of the less cost-effective spending areas and your one-line examples of refactoring those, maybe a top 10 or 15.

State schools, most way behind in their offerings vs private schools are not going to transformed by a scattering of extra maths teachers. The NHS needs 6% investment to compare to New Labour days, & even under Tony Blair was badly performing in chronic conditions (I know I have one and have been left with serious disability by both Tory and Labour spending) will not be quickly transformed by 1% extra investment and some reform. Taxing wealth could boost public services on their knees.

Really telling & sad that this important group doesn’t have more subscribers. Your intervention on the election was needed because MSM has not done enough scrutiny. I disagree with saying the Green Party and reform input poisoned the discourse though. Given that my lay response to your analysis is more money has to be found and given that we do have a tax take less than much of Europe, I think that it was improper to essentially discount & discard those at least asking for honesty and offering bigger thinking & tax in scale with need.

But my Labour Council and Labour London Mayor has Doubled my Council tax! Taken my Free travel 4.30 am - 9.00 am Mon - Fri from me and others. Which we need ! Is this a loony leftie organization?

Surly this is just making private schools more elitist! Labour is so cruel for doing this!

Question. Why are the left so adamant about taking from hard working people instead of working hard themselves?

Yeah. Same here in the EU. In Spain, the economy is pretty fragile. Petrol and fuel are an identical price to the UK yet accomodation is more expensive than the UK outside of London. People earn around two thirds of the UK. I'm a Brit. I live in Spain with my Spanish wife.

"Boo". says Sunak. "Labour will destroy Britain forever in 100 days". The Tories already broke it in 14 years with austerity that cut the economy, real wages and public services to desperation. They rushed and bungled a hard brexit to avoid one day of EU scrutiny and money transparency laws to apply to the UK and caused a permanent loss of 4%-5.5% of GDP including £40-£50bn in lost tax revenue p.a., according to 4 studies, including by the government. They mishandled Covid with late lockdowns and letting in an extra week of flights from India with a worse new variant, a total lack of preparation, treating PCP supplies as an opportunity to give hundreds of millions to their mates and putting patients with the disease into care homes with no protection ( 225,000 dead ). The cuts would deepen if they return and people on benefits, many of them working or sick ( 8 million and rising on NHS waiting lists) are already in debt and unable to pay bills and feed themselves. Food banks and pot holes alike, expanding and at record levels.

Can any party fix all this and guarantee growth? No. What can be done that could help: - review business rates to equalise the tax burden across different types of companies. - review/simplify planning processes to reduce costs/timescales to make infrastructure and housing development easier thus encouraging further external investment. - start to hold private companies accountable when delivering public services and gouging out profits whilst failing to deliver the investment required. Be prepared to renationalise if required as a last resort - push the accelerator on the Green transition to, in the medium term, drive down energy costs whilst encouraging investments creating jobs - encourage upskilling of workforce, reviewing the awful apprentice levy would be a good start - create a calmer political climate to make the uk a better place to invest - do NOT raise further revenue on the people’s whose income comes from selling their labour but on those who rely on ‘Passive income” ie close the gap a bit between the two as the first category will be more likely to return that money to the economy sooner - drive down nhs waiting lists to return people to active work - devolve more local investment decisions to the people who have the best understanding of an areas needs ie the locals - create a healthier, more constructive relationship with our nearest and largest trading partners ie EU. And no this doesn’t mean reversing brexit Clear ideas, none a silver bullet, but taken together should improve things. All of the above are contained in one of the manifestos out there.

What a load of C _ _ P. This is why UK government funded institutions need to be defunded. Learnt nothing factual & all talk was hypothetical analysis that was the same as listening to lies from Politicians.

Amazing thanks

Vote Reform , Nigel gets through to the truth ,others are afraid of .

🌟🌟🌟🎉REFORM 🎉🌟🌟🌟

Interesting how the definition of “rich” given at the start, was broken into 3, but all of which were people with very high incomes. Overall, isn’t intergenerational wealth, trust funds, low and avoidable inheritance tax a larger problem? The apple doesn’t fall too far from the tree

Yes..! It’s a double tax and internally targets success. Income tax has already been paid on estates.

14:22 we dont know why productivity is lower? That has shocked me! Here's three reasons: 1. Capital shallowing from population growth outstripping housebuilding, infrastructure development, and business investment. 2. Energy costs in the UK being far higher than our peers, sending manufacturing overseas. 2. Too much unskilled labour

So the greens want to steal your pension and treat anyone earning over 50k a year salary as “rich” I was going to consider them but not now. Tax the multi millionaires wealth not hard working people making a measly 50k a year

I am confused here does the BOE not return the interest coupons BACK to the UK Government? In the USA the FED returns the interest back to the US Treasury which is why the debt held by FED is "free" money as the interest is returned back.

This is great

Why is so little discussion on how behavioural economics and finance, in addition to neuroeconomics can be used to stimulate the economy?

How is the IFS funded, does it promote any of its sponsors veiws?

Why not reducing nominal wages? 16 years of real wages reductions didnt work...

Is the lady on X1.5 speed?

True. Sequoia Capital trestening to reduce investment in AI because it's simplynot producing viable commercial models yet.

Please get Gary Stevenson on he has a great voice for why our system is failing and no economists are talking about wealth distribution and how it affects the real economy.

Has anybody else caught up with the very recent analysis of Spending Plans of a few political parties here in Blighty? Anybody else wondering how many 'out there' assumptions have gone into this document? Anybody else wondering how this Institution justifies using the economy of USA as a reasonable indicator of probable outcomes here?

From what you are saying I conclude at some point there needs to be a rise in government borrowing. If the public finances deteriorate and there’s a bit of a run on sterling interest rates will start to rise. Someone actually predicted the IMF may need to step in. I see many similarities between today and the mid seventies, the number 10 beer and sandwiches era.

I feel the depressing reality is that Labour are so convinced that the voting public feels there no choice other than to vote for them, so they're really not committing themselves to anything because they believe they don't need to.

Is the 'Institute for Fiscal Studies' another body funded by the billionaires including Mercer, the Koch brothers & Putin? From Tufton St?

My brother in law saved every penny to send his son to pubic school. Now in his 30's, the silly boy is embarrassed to be seen with his "common" parents.

The shortfall comes from the cut in foreign aid and the removal of the good will money we give to Inda and African countries that's 80+ billion savings, nobody factors that in Reform do it's in the Manifesto/Contract. Vote Reform get our contrary back.

Could you explain why governments never fail to be able to borrow, also is the limit to borrowing for governments something clearly measurable and known by economists? Thank you

Innovation is the child of economic growth. Innovation is not even an area of focus in education in the UK. I was Uk teacher, then I worked in China. I would nt consider teaching in the UK- it is stuck in the 1970s

We're still largely a finance economy and that operation largely takes place in and around London.

Lots of interesting stuff which is not being widely discussed. Media generally seems more interested in the betting scandal and what Farage had for breakfast. I'd rather hear about how parties will deal with the collapse of the judicial system (which is catastrophic for our democracy), 40bn black-hole in NHS finances, long-term strategic planning, tax reform and economic growth. All good subjects. I wish there was more coverage like this.

Let’s not police our borders, let all of the world in, and that will add to the burden of local councils… 😂

Why threaten their polling lead with specfics? They've learnt the lessons from the May campaign when she and her team outlined necessary changes to Social Care etc. Spunked a 20 plus lead. Peddle soft policies, get the stonking majority and do what you like for 5 years, with the mantra "we had to make hard choices...". But the electorate won't know those choices until 5th July onwards.

Very interesting stuff. I'm still sceptical about growth. I believe the economy is an energy system and not a financial one.

Is the government spending too much money? Productivity figures strongly suggest Englands’ standard of living is too high and a lower more realistic standard of living is economically desirable.

I foolishly worked an extra year ( because I wanted to! ) as a result I gained an extra £12 on top of my state pension only to find it didn’t increase wit inflation and now it’s taxed. The private pension system got the death nell when the government taxed the dividends on pension funds Employers are now no interested because of cost long after members have left the company

No more of red green yellow anf blue. Time for reform.