Our weekly podcast from Politics Home discussing all the ups and downs in Westminster. Please subscribe and share - and keep up with all the latest news on PoliticsHome.com. Got a question for the team? news@politicshome.com.
…
continue reading
Content provided by Institute for Government. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Institute for Government or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!
Go offline with the Player FM app!
How can public spending do better at improving wellbeing?
MP3•Episode home
Manage episode 437917293 series 1912696
Content provided by Institute for Government. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Institute for Government or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Spending reviews, which decide how at least half a trillion pounds of annual public spending should be allocated across different public services, are one of the most consequential processes in government. The new government has announced a new review, to conclude in Spring 2025, that will determine departmental budgets for much of the current parliament. But how should ministers choose how to prioritise for spending? Should more money be spent on roads, skills, or police? What is the best way to judge the costs and benefits of each decision? A new report from the London School of Economics, Value for Money calls for a radical change in policy making. It argues that policies should be judged using a cost-benefit analysis which includes a comprehensive valuation of their effects on wellbeing. The report argues that, judged this way, therapies for mental health and guaranteed apprenticeships give much better value for money than most new roads. To discuss this topic, we were joined by a panel, including: Professor Lord Richard Layard, Co-Director of the Community Wellbeing Programme at the Centre for Economic Performance, London School of Economics and co-author of Value for Money Lord Gus O’Donnell, former Cabinet Secretary Amanda Rowlatt, former Chief Economist at the Department for Transport, Department for Business, Innovation and Skills, and Department for Work and Pensions Conrad Smewing, Director General of Public Spending in His Majesty's Treasury and Joint-Head of the Government Finance Function The panel was chaired by Gemma Tetlow, Chief Economist at the Institute for Government.
…
continue reading
669 episodes
MP3•Episode home
Manage episode 437917293 series 1912696
Content provided by Institute for Government. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Institute for Government or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Spending reviews, which decide how at least half a trillion pounds of annual public spending should be allocated across different public services, are one of the most consequential processes in government. The new government has announced a new review, to conclude in Spring 2025, that will determine departmental budgets for much of the current parliament. But how should ministers choose how to prioritise for spending? Should more money be spent on roads, skills, or police? What is the best way to judge the costs and benefits of each decision? A new report from the London School of Economics, Value for Money calls for a radical change in policy making. It argues that policies should be judged using a cost-benefit analysis which includes a comprehensive valuation of their effects on wellbeing. The report argues that, judged this way, therapies for mental health and guaranteed apprenticeships give much better value for money than most new roads. To discuss this topic, we were joined by a panel, including: Professor Lord Richard Layard, Co-Director of the Community Wellbeing Programme at the Centre for Economic Performance, London School of Economics and co-author of Value for Money Lord Gus O’Donnell, former Cabinet Secretary Amanda Rowlatt, former Chief Economist at the Department for Transport, Department for Business, Innovation and Skills, and Department for Work and Pensions Conrad Smewing, Director General of Public Spending in His Majesty's Treasury and Joint-Head of the Government Finance Function The panel was chaired by Gemma Tetlow, Chief Economist at the Institute for Government.
…
continue reading
669 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.