The Illusions of Trickle-Down Economics

The writer, satirist and broadcaster Armando Iannucci, returns to the New Statesman Podcast to co-host our third series of Westminster Reimagined. In six special episodes Iannucci explores parts of British public life he believes to be broken, and is joined by guests from inside and outside Westminster to work out how to fix things. 

In this episode, Iannucci and Anoosh Chakelian, the New Statesman’s Britain editor, examine why in Britain the rich are richer and the poor are poorer than in other European countries. The income gap is the largest it has been in ten years, food-bank use has doubled since 2014 and nearly a third of low-income families are unable to heat their homes; meanwhile the richest 1 per cent of households in the UK are worth £3.6 million each. 

Special guests for the episode Dominic Watters, a social worker living on the breadline who campaigns against food insecurity and wrote Social Distance in Social Work: Covid Capsule One, and Adrienne Buller, director of research at the Common Wealth think tank and author of The Value of a Whale. 

The panel discusses living in fuel and food deserts, how hostility toward the “undeserving poor” is baked into the welfare system, and whether a minister for income inequality might be one potential solution. 

Podcast listeners can subscribe to the New Statesman for just £1 a week for 12 weeks using our special offer. Just visit newstatesman.com/podcastoffer.

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