The Rest Is Money
62. Is there any money left?
May 29, 2024
Paul Johnson, Head of the IFS, discusses the economic challenges and possibilities for the next government. Topics include tax increases, productivity improvement, fiscal policies post-election, wealth inequality, and strategic government planning for growth and education.
52:40
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Quick takeaways
- Improving economic growth and transparent taxation policies are essential to address UK's fiscal challenges.
- Political decision-making plays a crucial role in setting fiscal targets and making tax and spending choices.
Deep dives
Paul Johnson on the State of UK Finances
Paul Johnson, the director of the Institute for Fiscal Studies, outlines the grim economic challenges facing the UK in terms of slow income growth and high taxes. He notes that public services are struggling due to substantial debt interest payments and slow economic growth, making it challenging for the government to achieve debt reduction targets. Johnson highlights the need for improved economic growth and transparent taxation policies to address these fiscal hurdles.
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