The Rest Is Money
108. Rachel Reeves Has Made An Important Start
Nov 4, 2024
In this engaging discussion, Andy Haldane, the former Chief Economist of the Bank of England and now leading the Royal Society of Arts, dives into critical issues affecting the UK economy. He evaluates whether the Chancellor's budget takes enough risks, and challenges the pessimistic outlook on productivity and wages. Haldane emphasizes the urgent need for reforms in education to prepare a skilled workforce for modern demands and critiques current governmental policies on investment and labor mobility amidst rising economic uncertainty.
51:02
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Quick takeaways
- The introduction of a new rewards system at Baker's emphasizes consumer choice, highlighting a shift towards more flexible savings options.
- The podcast stresses the urgent need for educational reform to align skill training with labor market demands, addressing economic inactivity.
Deep dives
New Reward System Introduction
A new rewards system has been introduced, allowing customers to choose between saving on fuel or using points to reduce costs on future purchases. Customers continue to earn points with every shopping transaction at Baker’s, enhancing their ability to redeem them as they see fit. This initiative represents a shift towards more flexible and consumer-centered reward options, emphasizing personal choice in savings. However, it is also clarified that this scheme may not be available in all locations, and certain restrictions apply.
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