IFS Zooms In: The Economy podcast

#Politics #News Talk #News #Government #Institute for Fiscal Studies #Economy #Facts #Economics #On Covid19 #Brexit #Inequality #Recess #Paul Johnson

38:05

In late 1972, U.S. Marine Captain Ron Forrester disappeared on a bombing run into North Vietnam. Back home in Texas, his family could only wait and hope. Audio subscribers to Texas Monthly can get early access to episodes of the series, plus exclusive interviews and audio. Visit texasmonthly.com/audio to join. Go to HelloFresh.com/FLIGHT10FM to get 10 Free Meals with a Free Item For Life.…

IFS Zooms In: The Economy

Series home•Feed

Go beyond the 24-hour news cycle and get objective, independent analysis from the researchers behind the work. Hosted by Institute for Fiscal Studies Director, Paul Johnson. Every second Wednesday.

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

143 episodes

IFS Zooms In: The Economy

71 subscribers

updated about a year ago

Series home•Feed

Go beyond the 24-hour news cycle and get objective, independent analysis from the researchers behind the work. Hosted by Institute for Fiscal Studies Director, Paul Johnson. Every second Wednesday.

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

143 episodes

#Politics #News Talk #News #Government #Institute for Fiscal Studies #Economy #Facts #Economics #On Covid19 #Brexit #Inequality #Recess #Paul Johnson

All episodes

1
What's the future of corporation tax? 45:17

5 weeks ago45:17

45:17

This week, we’re looking at corporation tax, which was introduced 60 years ago. Across the decades there have been no shortage of predictions that corporate tax revenues will decline, and yet the tax is forecast to raise record amounts in the coming years. To pick all of this apart, and to see how Donald Trump and tariffs play into the story, IFS Director Paul Johnson is joined by Amanda Tickel, Head of Tax & Trade Policy for Deloitte UK and Helen Miller, who is Deputy Director at The IFS and leads on our tax work. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

1
Spring Statement 2025 37:10

7 weeks ago37:10

37:10

This week, we look at the Spring Statement. What were the decisions and trade-offs made by Chancellor Reeves? To pick this apart, IFS Director Paul Johnson is joined by IFS Associate Directors Ben Zaranko and Tom Waters. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

1
The Schools Bill 46:36

9 weeks ago46:36

46:36

This week, we’re looking at The Schools Bill. The bill, which has the full title of The Children’s Wellbeing and Schools Bill 2024-25 , covers children’s social care and education. The aim of the bill, as stated on the House of Commons Library website, is to “improve the safeguarding of children and to raise educational standards”. We’re going to be focusing on the schools components. To look at this, IFS Director Paul Johnson is joined by Laura McInerney and Luke Sibieta. Laura was the founding editor of Schools Week and now co-runs Teacher Tapp, a regular online survey of teachers. Luke is a Research Fellow at The IFS specialising in Education. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

1
Family values: inheritance, inequality and social mobility 49:48

10 weeks ago49:48

49:48

As baby boomers hold an increasing share of wealth, younger generations are finding it harder to build financial security, often relying on family support for major milestones like homeownership. In her book Inheritocracy , Eliza Filby argues that – because of this – baby boomers have been good parents but not always great citizens. To explore the issue, IFS Director Paul Johnson is joined by Eliza and David Sturrock, a Senior Research Economist at the IFS. Hosted on Acast. See acast.com/privacy for more information.…

1
How important is the OBR forecast? 55:00

13 weeks ago55:00

55:00

As the OBR comes up with its forecast, which will underpin the Chancellor’s decisions at the Spring Forecast, one of the concerns may be that it tells her that she is not meeting her fiscal targets. That will require some action. Helping Paul explore this are Andy King and Gerard Lyons. Andy previously worked at the OBR and is now a Specialist Partner at Flint Global. Gerard has spent over thirty years in senior roles in the City and in public policy. He is currently Chief Economic Strategist at Netwealth. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

1
Do tariffs work? 37:52

16 weeks ago37:52

37:52

This week, President Trump was inaugurated for his second term and announced plans to impose significant tariffs on imports. But what exactly are tariffs, and how do they work? In this episode, we dive into the economic consequences of tariffs, why governments use them, and whether they actually achieve their intended goals. Joining Paul to unpack these questions is Peter Levell, Deputy Research Director at the Institute for Fiscal Studies (IFS) and an expert on trade economics. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

1
How is tax damaging the housing market? 37:47

21 weeks ago37:47

37:47

The UK’s housing market has long been a source of frustration for renters and homeowners alike, with issues of affordability and availability topping the agenda. The new government has identified housing market failures as a major barrier to economic growth—but what role does the tax system play in these challenges? In this episode, we’ll dig into how taxes impact the housing market, from the cost of buying and renting to the incentives—or disincentives—they create for landlords, developers, and homeowners. We’ll explore everything from capital gains tax to stamp duty surcharges and council tax policies. Are these tax measures helping or hindering progress? And if reform is needed, where should policymakers begin? To help answer those questions, Paul is joined by Stuart Adam, Senior Economist at IFS and Tim Leunig, economist at the London School of Economics and former Economic Advisor to Sajid Javid and Rishi Sunak. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

1
Why did the French budget fail to pass? 39:57

22 weeks ago39:57

39:57

Today, we’re turning our attention to France, where a recent Budget has sparked intense debate and raised major questions about the country’s economic future. France is tackling some big economic challenges: rising public debt, slow growth, and the need for major reforms in areas like pensions and energy. In this episode, we’ll explore what was in the budget, why it caused such a stir, and how it compares to the recent UK budget. To help us make sense of it all, we're thrilled to welcome Dr. Antoine Bozio, Director of the Institut des Politiques Publiques in Paris. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

1
How can we make government more productive? 43:40

23 weeks ago43:40

43:40

From healthcare to education to local government, the public sector delivers essential services—but how can it stay effective and efficient with tightening budgets and rising demand? In this episode, we examine the UK government’s push to improve public sector productivity. Rachel Reeves is enlisting private sector leaders to tackle inefficiencies in Whitehall, while Wes Streeting has proposed NHS reforms to boost output. Meanwhile, across the Atlantic, President-elect Trump has stirred debate by appointing Elon Musk to a new ‘Department of Government Efficiency’ to slash costs. Are public services keeping pace with private sector innovations? What’s driving productivity trends in the UK? And how can policies create better outcomes for everyone? We’re joined by Ben Zaranko, Associate Director at IFS, and Sam Freedman, a senior fellow at the Institute for Government and former senior policy adviser to Michael Gove, to unpack these questions and more. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

1
Inheritance tax rises and the Budget: who's affected? 46:59

26 weeks ago46:59

46:59

In the recent budget, the Chancellor, Rachel Reeves, announced a £40 billion tax increase, pushing tax as a share of national income to an all time UK high. Just 6% of that came from an increase in inheritance tax, and just a small fraction of that will come from farmers. And yet it is the tax increase on farmers that has dominated the news headlines. But beyond the change to agricultural reliefs, there were some other big reforms as well - to pensions and business reliefs. So to discuss how inheritance tax actually changed in the budget, who will be affected and whether it was a good idea, Paul is joined by Helen Miller and David Sturrock, colleagues at the IFS. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

1
How big are the UK's demographic challenges? 48:03

27 weeks ago48:03

48:03

At the end of October, the ONS announced that the fertility rate in England and Wales had fallen to 1.44 births per woman in 2023 - the lowest figure since records began in 1938. What will this mean for the population make-up of the country? What other big demographic shifts are occurring? Why is this trend occurring across the developed world? And what will its implications be for the public finances? To discuss those questions, Paul is joined by Melinda Mills, Director of the Leverhulme Centre for Demographic Science and Nuffield Professor of Demography at Oxford. And by Carl Emmerson, Deputy Director at IFS and one of the leading experts on the UK's public finances. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

1
What does the Budget mean for the UK? 41:12

28 weeks ago41:12

41:12

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

1
LIVE: How can Rachel Reeves make her first Budget a success? 50:05

29 weeks ago50:05

50:05

In our first ever live episode, we're going to look at how Rachel Reeves can make her first Budget a success. It will have been 117 days since Labour took power before we finally hear what is in the Budget - in that time we’ve heard about £22bn 'black holes' and the difficult economic situation the UK faces. We’re going to think a bit about some of the challenges facing the Chancellor, what she can learn from previous Budgets and how she can navigate these complexities. Paul is joined by colleague Helen Miller, Deputy Director at IFS, Lord Stewart Wood, a Labour peer and former member under Tony Blair’s government of the Chancellor of the Exchequer's Council of Economic Advisers, and Stephen Bush, associate editor and columnist at the Financial Times. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

1
What options does Rachel Reeves have for the Budget? 35:47

30 weeks ago35:47

35:47

Sign up to our live event: https://ifs.org.uk/events/ifs-zooms-live-how-make-your-first-budget-success The 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-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

1
Should the Chancellor raise capital gains tax? 41:38

31 weeks ago41:38

41:38

Sign up to our live event: https://ifs.org.uk/events/ifs-zooms-live-how-make-your-first-budget-success There’s been lots of speculation that Chancellor Rachel Reeves is looking to raise Capital Gains tax in her upcoming budget. Capital Gains tax raises around £15 billion a year, which is less than 2% of total tax revenue, and it’s paid by less than 1% of the adult population. But it’s important for both the fairness and efficiency of the tax system. In this episode, we’ll explore why CGT reform is necessary and how changes could make the tax system fairer, more efficient, and better aligned with long-term economic growth. We’ll also ask what Rachel Reeves would need to do if she wants to raise significant additional revenue from taxing capital gains. To explore that, Paul is joined by IFS Deputy Director, Helen Miller and Dan Neidle, a tax lawyer and founder of Tax Policy Associates. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

IFS Zooms In: The Economy

1
How can government reduce child poverty? 33:42

32 weeks ago33:42

33:42

Sign up to our live event: https://ifs.org.uk/events/ifs-zooms-live-how-make-your-first-budget-success Currently, around 4.3 million children - that’s around 30% of all kids - are living in relative poverty. Since 2010 that figure has risen by over 700,000 and the new government has made tackling child poverty one of its key policy objectives, with a cross-government strategy due to be published in 2025. In today’s episode, we’ll explore the factors contributing to this increase in child poverty, including changes to the benefits system, housing challenges, and the broader economic context. We’ll look at the long-run impacts that child poverty has and examine the potential policy options available to reduce child poverty. To do that, Carl is joined by Tom Waters and Christine Farquharson. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

IFS Zooms In: The Economy

1
Are people saving enough into their pensions? 39:28

34 weeks ago39:28

39:28

Sign up for our live podcast event: https://ifs.org.uk/events/ifs-zooms-live-how-make-your-first-budget-success Since the introduction of auto-enrolment over 10 years ago, more people than ever are saving into a workplace pension than ever before. However, new research from the IFS shows that approximately 30% to 40% of private sector employees (5 to 7 million people) saving in defined contribution pension schemes are on course to have individual incomes that fall short of standard benchmarks in retirement. What changes should government make to the auto-enrolment policy? How much do people need to save? What about self-employed people? To answer these questions, Paul is joined by Jonathan Cribb and Carl Emmerson from the IFS. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

IFS Zooms In: The Economy

1
The big challenges facing the benefits system 43:04

35 weeks ago43:04

43:04

We’re looking at the benefits system and answering the questions likely being asked by government ministers: how can the rising costs of benefits be managed, and what changes could improve the system? With disability and incapacity benefit caseloads rising and the Universal Credit rollout still ongoing, what options does the government have to address these challenges? How might frozen housing support and past cuts to working-age benefits be impacting the most vulnerable? Should the government abolish the two-child limit? To tackle these questions, Paul is joined by Tom Waters and Carl Emmerson from the IFS. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

IFS Zooms In: The Economy

1
How could the Chancellor raise more tax? 42:40

37 weeks ago42:40

42:40

Over 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-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

IFS Zooms In: The Economy

1
Why are universities in financial trouble? 41:46

38 weeks ago41:46

41:46

Over 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-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

IFS Zooms In: The Economy

1
Can the new government fix the NHS? 41:45

39 weeks ago41:45

41:45

Over 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-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

IFS Zooms In: The Economy

1
Is Labour's inheritance really worse than expected? 37:06

41 weeks ago37:06

37:06

On 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-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

IFS Zooms In: The Economy

1
What is Labour's economic strategy? 39:45

42 weeks ago39:45

39:45

In 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-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

IFS Zooms In: The Economy

1
ELECTION SPECIAL: Your questions answered 40:22

46 weeks ago40:22

40:22

In 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-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

IFS Zooms In: The Economy

1
ELECTION SPECIAL: The big issues politicians haven't spoken about 36:58

46 weeks ago36:58

36:58

On 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-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

IFS Zooms In: The Economy

1
ELECTION SPECIAL: Has 'levelling up' worked? 38:01

47 weeks ago38:01

38:01

We 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-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.…

IFS Zooms In: The Economy

1
ELECTION SPECIAL: The Reform UK and Green Party manifestos explained 25:37

47 weeks ago25:37

25:37

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

IFS Zooms In: The Economy

1
ELECTION SPECIAL: The Labour manifesto explained 39:23

48 weeks ago39:23

39:23

We discuss the Labour manifesto launched on Thursday and give our reaction to the policies and pledges within it. Find out more: https://ifs.org.uk/ Become a member: https://ifs.org.uk/individual-membership Hosted on Acast. See acast.com/privacy for more information.

IFS Zooms In: The Economy

1
ELECTION SPECIAL: The Conservative manifesto explained 35:32

48 weeks ago35:32

35:32

We discuss the Conservative manifesto launched on Tuesday and give our reaction to the policies and pledges within it. Find out more: https://ifs.org.uk/ Become a member: https://ifs.org.uk/individual-membership Hosted on Acast. See acast.com/privacy for more information.

IFS Zooms In: The Economy

1
ELECTION SPECIAL: The government's record on tax 28:08

48 weeks ago28:08