Ben Zaranko

Stuart Adam, a Senior IFS tax expert, and Ben Zaranko, an IFS economist specializing in fiscal policy, delve into the intricacies of the UK's income tax system. They discuss the baffling two-tier tax structure and address the inefficiencies caused by cliff edges and frozen thresholds. The duo highlights how these issues distort work incentives and complicate financial planning for many, especially in the case of childcare subsidies. Moreover, they suggest merging income tax and National Insurance to simplify the system and enhance transparency.

Stuart Adam, an expert in housing taxation, is joined by IFS economist Ben Zaranko to tackle the complexities of the UK's property tax system. They delve into the absurdities of council tax based on outdated 1991 valuations and discuss how stamp duty discourages home moving, impacting housing allocation. The conversation highlights the need for reforms, such as a proportional council tax that could replace both council tax and stamp duty, ensuring fairness and efficiency in property taxation for all.

Ben Zaranko and Christine Farquharson, both esteemed economists from the IFS, delve into the surprises of the recent Autumn Budget. They discuss why the anticipated fiscal repair didn’t materialize, spotlighting a fortunate rise in tax receipts. Christine highlights significant reforms, such as abolishing the two-child limit and increasing funding for special educational needs. They also explore new policies, including a mansion surcharge and the impacts of a fuel duty freeze, ultimately questioning the budget’s long-term growth strategy.

Ben Zaranko and Tom Waters from the Institute for Fiscal Studies dive into the complexities of public spending and potential cuts. They highlight how the £1.3 trillion budget is allocated, detailing pressures from an ageing population and health care costs. The duo discusses strategies for reducing welfare spending, including altering the Universal Credit system. They explore the trade-offs between cutting costs and maintaining service quality, revealing the political challenges that accompany any significant changes. Tune in for insightful takes on the future of public finances!

Jack Meaning, Chief Economist at Barclays, and Ben Zaranko, Lead Researcher on Public Finances at the Institute for Fiscal Studies, delve into the complexities of the UK bond market. They discuss how government borrowing has surged post-pandemic and the shifting landscape of gilt investors. The duo reflects on the impact of the controversial Liz Truss mini-budget, investor confidence, and the implications for fiscal credibility. As government debt becomes costlier, they explore how upcoming budget decisions might influence economic growth and living standards.