The Intelligence Squared Economic Outlook, with Tim Harford, Part One

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Dec 5, 2024

Tim Harford, the Undercover Economist, shares his insights as a senior columnist at the Financial Times. He dives into the complexities of the UK's sluggish economy, discussing pressing issues like Brexit and global energy prices. Harford humorously tackles quirky tax regulations, including the infamous Jaffa Cake case. He advocates for more effective data interpretation and stresses the government's role in economic outcomes. Join him in navigating the intricate relationship between statistics and sound economic policies!

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INSIGHT

UK Economy's Slow Growth

The UK economy has experienced slow growth for nearly two decades, impacting public services and increasing the tax burden.
This slow growth is due to a combination of bad luck, self-inflicted injuries (like Brexit), and mysterious forces impacting productivity.

INSIGHT

Government's Role in Economic Change

Governments can influence economic change, but their impact is limited.
They can improve or worsen conditions, but shouldn't expect to drastically alter large, complex economies.

ADVICE

Thinking Clearly About Data

Approach statistics calmly, seeking context before analysis.
Use statistics with curiosity to understand the world, not as weapons in arguments.

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