Andy Haldane

Jeremy Hunt, a former Chancellor, shares insights on fiscal constraints and the high burden of debt. Sharon Graham, leader of Unite the Union, criticizes Labour for lacking a robust tax strategy, stressing the need for investment in workers and industry. Andy Haldane, ex-Chief Economist at the Bank of England, explores the impact of fiscal uncertainty on growth and highlights the importance of market confidence. The trio sparks debate on borrowing for investment versus immediate spending needs, emphasizing the critical need for a credible budget plan that benefits the economy and the public.

In this engaging discussion, Andy Haldane, former chief economist at the Bank of England, and Daniela Gabor, a professor of economics, dissect the intricate interplay between bond markets and central bank actions. They explore why governments fear bond markets and how recent fiscal decisions in the UK correlate with these financial forces. The conversation delves into the impacts of quantitative easing and tightening, the potential risks of central bank independence, and the future of industrial policy in a changing economic landscape.