Kirsty Styles chats to James Meadway, Senior Economist at the New Economics Foundation (NEF), about the Institute for Fiscal Studies' report on living standards. — Jargon of the week: Debt and deficit Listener question of the week: Robin Hood tax — Links and reading list: Cribb, J., Hood, A., Joyce, J. (March 2015), “Living Standards and Future Challenges”, London: Institute for Fiscal Studies: www.ifs.org.uk/publications/7615 ONS (March 2015), “Economic Review”, London: Office for National Statistics: www.ons.gov.uk/ons/dcp171766_397535.pdf Kirsty Styles on Twitter: www.twitter.com/kirstystyles1 James Meadway on Twitter: www.twitter.com/meadwaj Like this week's music? Find us on Spotify: sptfy.com/4rg Soundcloud image by Jason Mrachina, used under Creative Commons licence www.flickr.com/photos/w4nd3rl0st/5454805481 — Produced by James Shield & Huw Jordan