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PODCAST

IFS Zooms In: The Economy

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. Hosted on Acast. See acast.com/privacy for more information.

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All Episodes

29:35

SPECIAL: What should the Chancellor consider in his...

IFS Zooms In: The Economy ·

2021/10/13

This week, we published the IFS Green Budget, our flagship publication analysing at the outlook for the economy and the opportunities and challenges facing the Chancellor ahead of the autumn budget.We speak to Benjamin Nabarro, Senior Associate at Citi Research, and Carl Emmerson, Deputy Director at IFS, to discuss the ongoing impacts of the COVID-19 pandemic, as the Chancellor aims to secure a lasting recovery and deliver on the government’s other objectives and priorities.The IFS Green Budget is

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24:51

Job vacancies, labour shortages and a 'high-wage...

IFS Zooms In: The Economy ·

2021/10/06

From HGV drivers, to strawberry pickers, to doctors and nurses, the UK seems to be facing labour shortages across many different industries.As the pandemic recedes, and the impacts of Brexit begin to reveal themselves, the government have insisted that this is part of the transition to a 'high-wage economy'. What is happening in the labour market? Which sectors are facing the biggest challenges? And what can policy-makers do to help?This week, we're joined by Jonathan Cribb and Xiaowei Xu, IFS

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35:44

How to fix the education system

IFS Zooms In: The Economy ·

2021/09/22

After a year and half of lockdowns, schools and their students face a vast array of challenges.From mental health issues and childhood obesity to teacher shortages and exam results, the education system has been placed under incredible strain over the past year.This week, we speak with Birgitta Rabe, education expert at the University of Essex and Luke Sibieta, a research fellow at IFS who studies education policy, to dig into the issues and see what we can do to fix the education system.Support the

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37:00

Social care: what happens now?

IFS Zooms In: The Economy ·

2021/09/15

For decades, social care has been in need of reform.Last week, the Prime Minister announced an extra tax to fund social care in England, and help the NHS recover after the pandemic, and changes to the way the social care system works.In this episode, featuring Natasha Curry, Deputy Director of Policy at the Nuffield Trust, and Ben Zaranko, IFS economist, we dig into the new announcement, what it means, whether it will work and how it will affect people's care.Support the IFS:

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33:32

HIGHLIGHT: When and how to raise taxes?

IFS Zooms In: The Economy ·

2021/08/25

**This is a rerun from September 2020. The government announced some tax increases in Budget 2021. We discuss those here:https://ifs.org.uk/budget-2021**The financial support given to individuals and businesses and the costs of managing the pandemic have left us with the biggest peacetime deficit in British history.As the economy reopens, and the coronavirus begins to have less of a hold on our lives, the government will need to start thinking about how to return the deficit to a more sustainable

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33:25

HIGHLIGHT: The state of social mobility

IFS Zooms In: The Economy ·

2021/08/11

This week, students across the country are getting back A Level and GCSE grades. In the past higher education was considered a one-way ticket to better and higher paying jobs, now many question whether they will get better jobs, and have a quality of life higher than that of their parents.Social mobility is never far from the front pages; education, geographic and intergenerational inequalities and jobs affect everyone.This week we bring you a conversation from September last year, with Lindsey

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41:08

HIGHLIGHT: Investment, infrastructure and levelling up

IFS Zooms In: The Economy ·

2021/07/28

The government has pledged to make 'levelling up' a core part of their policy agenda. To achieve this, they have promised increased investment spending and infrastructure spending.What is investment spending? Why is investment so much lower now than it was 40 or 50 years ago? How does this relate to the levelling up agenda?This week, we are digging into the archives. In this episode from last year we spoke with Professor Sir Tim Besley, Professor of Economics at LSE and member of the National

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39:12

How to reform - and fund - social care?

IFS Zooms In: The Economy ·

2021/07/15

Ageing populations, rising care costs and COVID-19 have placed significant strain on an already struggling social care sector. Since assuming office in 2019, the Prime Minister has repeatedly promised to present a comprehensive plan to reform social care, the latest in a long line of governments to promise to tackle the issue.So, how should we think about reforming social care? How should we pay for it? And what can we learn from other countries?This week Paul speaks with Andrew Dilnot, Warden of

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41:08

Behind the scenes at HM Treasury

IFS Zooms In: The Economy ·

2021/06/30

Over the pandemic, the Treasury has spent hundreds of billions of pounds, from paying wages via the furlough scheme to funding the testing program. But how does decision-making work at the Treasury? What kinds of evidence do officials use? And as we hopefully exit the pandemic, what will be on the minds of those working there?This week Paul speaks to Jill Rutter, senior research fellow of UK in a Changing Europe, and a former employee of the Treasury and Lord Nick Macpherson, Permanent Secretary to

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40:20

Location, location, location: how to reform council tax?

IFS Zooms In: The Economy ·

2021/06/16

Everybody over the age of 18 who lives in a property in the UK is eligible to pay council tax. It's the fifth largest tax, raising up to £40bn a year in the UK, and it pays for local services such as social care, waste collection and libraries.However, there is a widespread consensus that the implementation of council tax is flawed. The house prices it is based on haven't changed since 1991 despite 30 years of significant change in the housing market and these changes have made the tax

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44:19

Can the NHS recover from COVID?

IFS Zooms In: The Economy ·

2021/06/02

'Stay home. Protect the NHS. Save lives.'More than ever, the COVID crisis has bought the NHS and the vital role it plays to the fore. However, after more than a year of unprecedented pressure, it faces long waiting lists, staffing shortages and inadequate funding. What challenges will the NHS face in the future? How can it tackle these issues? And what can government do to help?Joining us this week are George Stoye, IFS Associate Director who leads our work on healthcare, and Saffron Cordery, Deputy

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43:16

Are too many people going to university?

IFS Zooms In: The Economy ·

2021/05/19

In September 1999, Tony Blair set a goal for 50% of young adults to attend higher education institutions in the UK. In 2019, twenty years after the policy was announced, university attendance tipped over the 50% threshold.However, in a world where many graduates work in non-graduate jobs, and where successive governments seek to develop further education in the UK, many have questioned the wisdom of this policy.This week, we speak with Jack Britton, IFS education expert, and Professor Alison Wolf,

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37:22

Has COVID transformed the labour market?

IFS Zooms In: The Economy ·

2021/05/05

Since the start of the COVID pandemic, the government has stepped in to pay the wages of millions of workers through the furlough scheme. As restrictions ease, and economic life begins to recover, we ask what changes COVID brought to the labour market, and what jobs could look like in future.This week, we speak with Sarah O'Connor, Employment Columnist at the Financial Times, and Jonathan Cribb, a Senior Research Economist at IFS who studies the labour market.Support the IFS:

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43:24

Are business rates killing the high street?

IFS Zooms In: The Economy ·

2021/04/28

Business rates are charged on non-domestic properties, such as shops, offices, pubs, factories and warehouses, and raise around 3% government's revenue.At the start of the COVID pandemic, the government waived business rates for most businesses in the retail, hospitality and leisure sectors. But the tax will start again from summer. As the high street reopens, we ask what effect business rates have on our high streets, whether they should be reformed, and whether we need a new tax on online retail

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33:24

HIGHLIGHT: Geographical inequalities in the UK

IFS Zooms In: The Economy ·

2021/04/07

The COVID-19 crisis has brought to the fore increasing concerns about inequalities not only between different population groups – such as the gap between the rich and poor, young and old, and different ethnic groups – but also between people living in differentplaces.Even prior to the crisis though, there was a sense that the UK is not only a highly geographically unequal country, but also anincreasinglygeographically unequal one.This week, we have gone into the archive to bring you an episode from

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34:12

The productivity problem

IFS Zooms In: The Economy ·

2021/03/24

In the past decade, the UK has seen some of the slowest rates of productivity growth of the OECD countries, with output per hour and real wages no higher today than they were prior to the global financial crisis. Why is a high-tech, developed economy like the UK struggling to be more productive? What policies can government implement to get productivity growing again? And how can we spur innovation while also tackling issues like inequality?This week, we speak to John Van Reenen, Professor of

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45:04

Universal Credit: The future of benefits?

IFS Zooms In: The Economy ·

2021/03/10

Universal Credit is a benefit for working-age people, which combines six existing benefits payments into one payment. Launched in 2013, there are now about 5 million households claiming Universal Credit in the UK. What was the thinking behind this new policy? Has it been successful? And how has COVID affected the trajectory of Universal Credit?This week, Paul speaks with Charlotte Pickles, Director of Reform and a member of the Social Security Advisory Committee, and Tom Waters, Senior Research

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38:44

Budget 2021: The road to recovery?

IFS Zooms In: The Economy ·

2021/02/24

The Spring 2021 Budget will be the first one since the UK entered a series of lockdowns and Great Britain left the EU's Single Market and Customs Union. The Chancellor has immediate decisions to make over many aspects of the emergency support packages that will otherwise expire soon. In addition there is a clear need for policies to help the economy to recover and to adjust to a post-Covid, post-Brexit world in which we are moving towards Net Zero.In this episode, Paul speaks with IFS Deputy

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41:06

Catching up on lost learning

IFS Zooms In: The Economy ·

2021/02/10

By the time the pandemic is over, most children across the UK will have missed over half a year of normal, in-person schooling. That’s likely to be more than 5% of their entire time in school.What are the effects of this lost learning? How is it impacting students and teachers? What can policymakers do to make up for lost learning?Here to discuss are Luke Sibieta, IFS Research Fellow, and Becky Francis, CEO of the Education Endowment Foundation, an independent charity which seeks to improve the

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41:40

The economics of net zero

IFS Zooms In: The Economy ·

2021/01/27

The UK has committed to achieving net zero by 2050. To achieve this, nearly all sections of the economy will have to undergo significant changes - from trade and transport, to agriculture and construction. What will this shift look like? How easy will it be to transition? What role will government play in driving net zero?Here to talk through these issues is Chris Stark, Chief Executive of the UK's Climate Change Committee (CCC), the UK’s independent advisory group on tackling climate change.Support

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