The Rest Is Money cover image

The Rest Is Money

60. The economics behind Sunak’s general election gamble with Torsten Bell

May 22, 2024
Torsten Bell from the Resolution Foundation discusses the economic implications of the upcoming general election, focusing on inflation, interest rates, and living standards. They explore the impact of lower inflation on voters, households' shift towards saving, and the uncertainty surrounding interest rates in the current economic landscape.
50:17

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Lowering inflation impacts economic choices during elections, reflecting on the electorate's decisions.
  • Real wage growth offers relief, but rising prices on essentials hinder actual living standard improvement.

Deep dives

Inflation and Economic Choices

Inflation figures affect the electorate's economic choices. The recent lowering of inflation to 2.3% brings optimism, but service inflation remains a concern. Real wages are finally growing, providing relief after a period of stagnant wages. The Bank of England's 2% target and interest rate decisions are critical.

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