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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

45:36

The state of inequality with Sir Angus Deaton

IFS Zooms In: The Economy ·

2021/01/13

For many, inequality has become the dominant lens through which to understand our society. The coronavirus crisis and political upheavals in the US and UK have shone a harsh light on the increasing inequalities we face, and prove that not everyone is affected equally.In our first episode of 2021, we speak with Nobel Laureate Sir Angus Deaton, Professor of Economics at Princeton University and leading expert on inequality, poverty and welfare. He also chairs Inequality: The IFS Deaton Review, our

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53:04

SPECIAL: Making sense of 2020

IFS Zooms In: The Economy ·

2020/12/16

It’s now cliché to say that 2020 has been unprecedented, but the COVID-19 crisis has turned the lives of billions of us worldwide upside down.From record-level UK government borrowing and a furlough scheme paying the wages of many workers, to society-wide lockdowns and a seemingly ever-shifting regime of tiers, 2020 is a year like no other.As we say goodbye to 2020 and ready ourselves for 2021, our Director Paul Johnson sits down with Stephanie Flanders, head of Bloomberg Economics and IFS alumna,

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39:30

What's going on with Brexit?

IFS Zooms In: The Economy ·

2020/12/02

As the UK has been dealing with coronavirus pandemic this year, we have also been moving closer to the realities of our new relationship with the European Union, and the end of the Brexit transition period on January 1st, 2021.What does this mean for our future trading relationships with the EU and beyond? What happens if there is No Deal?Joining Paul this week is Professor L. Alan Winters, Professor of Economics and Director of the UK Trade Policy Observatory in the University of Sussex, former

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34:08

Prices in a crisis

IFS Zooms In: The Economy ·

2020/11/17

We often hear about inflation in the news, whether it has gone up or down, and how this impacts the price of everyday goods. But what do economists mean by inflation, how do they measure it, and is inflation the best way of understanding the changes in the price of goods? This week we speak with Martin O'Connell, Deputy Research Director at IFS and author of a recent paper looking at grocery prices during the pandemic, and Ian Crawford, Professor of Economics at Oxford. Hosted on Acast. See

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33:25

What’s happened to benefits through the pandemic?

IFS Zooms In: The Economy ·

2020/11/04

There has been significant analysis of the furlough scheme in the wake of COVID-19, but far less attention has been paid to the welfare system and how benefits are being affected by the pandemic. The temporary increases to working age benefits implemented this year take total welfare spending to record levels, though the UK’s support system is still thin by international standards. This episode, we speak to Robert Joyce, IFS Deputy Director and Head of our Income, Work and Welfare sector, about how

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39:55

What's happening with government debt?

IFS Zooms In: The Economy ·

2020/10/21

Government borrowing is never far from the headlines, and in the current crisis, has been a central mechanism for the government to fund its economic support measures. There are many questions around the current level of government debt, whether it is too high, what the long-term implications are and if the government can continue to borrow at its current level. This week we speak with David Miles, Professor at Imperial College London and a former member of the Monetary Policy Committee at the Bank

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39:24

Counting the cost of COVID-19

IFS Zooms In: The Economy ·

2020/10/15

The COVID-19 pandemic and the public health measures implemented to contain it will lead to a huge spike in government borrowing this year. This week we released our annual Green Budget report analysing the impact the coronavirus crisis has had across different sectors of the economy and the big decisions confronting the Chancellor. In this episode, we speak with Green Budget chapter authors Ben Nabarro, Economist at Citi, and Carl Emmerson, Deputy Director at IFS, to get a sense of how big

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24:44

How is coronavirus affecting older workers?

IFS Zooms In: The Economy ·

2020/10/07

Older workers are one group of people who are at risk of suffering serious and persistent consequences from the economic turmoil arising from the coronavirus pandemic. Previous research has shown that unemployment shocks have persistent effects on the employment and incomes of older workers. In particular, older individuals who lose their jobs are less likely to secure re-employment, or to find a job on a similar wage to their previous earnings, than younger workers.Being unexpectedly out of work,

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24:08

University Challenge: COVID-19 and higher education

IFS Zooms In: The Economy ·

2020/09/30

The COVID pandemic has created huge uncertainly for students returning to university. Have student numbers remained stable in the face of the COVID-19 crisis? Has the A Level results debacle had an impact on admissions? Should students be paying full rates for an online-only experience? How are university finances doing more generally in the face of the coronavirus crisis?In this episode, we speak with Jack Britton, education expert at the IFS, to consider some of the complex questions facing the

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33:20

Moving on up: the state of social mobility

IFS Zooms In: The Economy ·

2020/09/23

A socially mobile country provides equal opportunities for everyone, across big cities and small towns, and regardless of whether your parents are rich or poor.Social mobility is never far from the front pages; discussions around education, geographic and intergenerational inequalities and jobs affect everyone. Joining us this week is Lindsey MacMillan, Director of the new Centre for Education Policy and Equalising Opportunities and Anna Vignoles, Professor of Education at the Faculty of Education,

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34:52

Taxing times ahead? When and how to raise taxes

IFS Zooms In: The Economy ·

2020/09/16

The coronavirus pandemic has brought new and severe pressures on the UK economy.The challenge now facing Her Majesty’s Treasury will be how to balance the need for increasing revenues through taxes with stimulating much-needed economic growth.This week, our host and IFS Director Paul Johnson speaks to Helen Miller, Deputy Director of the IFS and expert on tax policy, to discuss how the Treasury might raise revenues in the future and how our current tax system can be reformed. Hosted on Acast. See

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30:54

Childcare during the pandemic

IFS Zooms In: The Economy ·

2020/09/09

The closures of childcare providers to most families during the COVID-19 crisis have underlined the importance of access to childcare, both to support paid work and to help shape young children’s environment. However, the crisis has had severe consequences for the finances of childcare providers, which were already weak in several parts of the sector going into the crisis. Despite a range of government support programmes, many providers lost income during lockdown. In the medium term, a

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32:08

What to expect when schools reopen?

IFS Zooms In: The Economy ·

2020/08/26

While most things have changed in 2020, the end of the summer will once again see students preparing to go back to school. But this year’s return to school will be unlike any that has come before; for many students, it will have been more than five months since they last attended school in person. Reopening schools has been contentious, but the Department for Education in England – partly motivated by research showing the challenges from home learning and the growing inequalities it has brought –

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34:16

A Level playing field? Exam results during the pandemic

IFS Zooms In: The Economy ·

2020/08/17

Recently, students got their A Level results, despite having never sat an exam.How did the government decide what grades to give students? What methodology did they use? How has this affected the distribution of results?This week, we speak with Jack Britton, Associate Director at IFS and expert on education, to get to the bottom of how this year's A Level results were calculated. Hosted on Acast. See acast.com/privacy for more information.

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27:50

The potential consequences of Brexit

IFS Zooms In: The Economy ·

2020/08/12

For the last five months the country has, understandably, been focused on the health and economic consequences of the COVID-19 pandemic. It is already having a huge effect on the economy, on employment and on the public finances. All the while, though, the government has been preparing for the reality of Brexit; not the formal Brexit that happened back in January, but the new trading relationship which will come into force at the end of this year. That too, whatever the final deal, will cause deep

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32:56

Catching up or falling behind? Geographical...

IFS Zooms In: The Economy ·

2020/08/05

The COVID-19 crisis has highlighted concerns about inequalities. This is not only about gaps between rich and poor, young and old and between different ethnic groups. It is also about the differences between people living in differentplaces.Even prior to the crisis, there was a sense that the UK is a highly geographically unequal country and that this inequality is increasing.In this episode, we explore these geographical inequalities with David Phillips, Associate Director at IFS and an expert on

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33:32

Keeping it in the family: inheritances and inequality

IFS Zooms In: The Economy ·

2020/07/29

Recent decades have seen rising wealth-to-income ratios. In England, increases in wealth have been concentrated among older generations. Those born in the 1980s have accumulated no more wealth than those born in the 1970s had done by the same age, but theparentsof those born in the 1980s hold 40% more wealth than the parents of those born in the 1970s held at the same age. One consequence is that inherited wealth is on course to be a much more important determinant of lifetime resources for today’s

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29:58

Have the Chancellor's policies been stimulating enough?

IFS Zooms In: The Economy ·

2020/07/15

Last week - in the Summer Economic Update - the Chancellor announced another significant spending package. In normal times, even in times of recession, this package would have been seen as huge. But, of course, these are not normal times and this is no normal recession. Joining us this week to discuss the spending package is Helen Miller, Deputy Director at the IFS and Chris Giles, Economics Editor at the Financial Times. Hosted on Acast. See acast.com/privacy for more information.

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40:40

Investment, infrastructure and levelling up

IFS Zooms In: The Economy ·

2020/07/09

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 recent announcements from the government, and the response to the pandemic? Joining us today, Professor Sir Tim Besley, Professor of Economics at LSE and member of the National Infrastructure

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30:58

Incomes before, during and after the pandemic

IFS Zooms In: The Economy ·

2020/07/01

The effect of the COVID-19 crisis on the economy has been huge. National income fell by 20% in April, to a level last seen in the early 2000s. But the impact of this vast aggregate shock on the finances of different households will vary widely. In this episode, we ask how household incomes were looking before the crisis, how they've been impacted during the lockdown and what we think they could look like in future. Hosted on Acast. See acast.com/privacy for more information.

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