Riots, Rates, and Market Fears: Are UK Riots a Wake-Up Call? | IEA Podcast

In this episode of the IEA Podcast, hosts Tom Clougherty and Matthew Lesh are joined by Andrew Lilico, Executive Director & Principal of Europe Economics, to discuss the recent riots across the UK, monetary policy shifts, and financial market volatility. The conversation begins with an in-depth analysis of the factors behind the riots, exploring whether they reveal deeper issues in British society or if they're simply a result of opportunistic behaviour. The panel debates the role of social media, immigration policies, and the effectiveness of law enforcement in handling such situations.

The discussion then shifts to the recent cut in interest rates by the Bank of England and its potential implications. Andrew Lilico, as co-chair of the IEA Shadow Monetary Policy Committee, offers valuable insights into the timing of this decision and whether it may be too little, too late. The podcast delves into the complexities of monetary policy, exploring the differing approaches of central banks and the potential consequences of their actions on inflation and economic growth.

Finally, the panel examines the recent volatility in financial markets, discussing the factors behind the brief panic and subsequent rebound. They explore the interconnectedness of global economies, the impact of technological advancements like AI, and the challenges of predicting market crashes. The conversation concludes with a critique of fiscal rules and their effectiveness in managing government spending and debt.

We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals.

Get full access to Institute of Economic Affairs | Insider at insider.iea.org.uk/subscribe