Torsten Bell

Torsten Bell, a Treasury minister and fiscal strategist, joins the discussion on the recent Budget, dissecting its implications. He defends Labour's controversial tax increases and the decision to lift the two-child benefit cap. The conversation touches on the chaotic lead-up to the budget, with significant leaks causing political turmoil. Bell explains the concept of fiscal drag and its impact on taxpayers while addressing concerns over the rising welfare state. The hosts also explore the broader effects of these fiscal decisions on future growth and public perception.

Torsten Bell, Labour MP for Swansea West and former chief executive of the Resolution Foundation, joins business editor Will Dunn to delve into Britain's economic landscape. They discuss the alarming rise in inequality and stagnant wages, emphasizing the urgent need for effective policy changes. Bell also highlights the impact of declining interest rates on asset prices and ownership trends, drawing parallels with Victorian Britain. They critically examine taxation complexities and the feasibility of introducing a wealth tax, pushing for more progressive reforms to address systemic challenges.

Grace Blakeley, an economic commentator and author, dives into the chilling details of the new Halloween budget, exploring tax changes and public service impacts. Katie Schmuecker from the Joseph Rowntree Foundation discusses vital reforms for sick and disabled individuals and low-income renters. Labour MP Torsten Bell shares his concerns about potential economic threats lurking in the shadows. This lively conversation weaves together humor, critical insights, and urgent discussions on poverty and economic growth, set against a spooky Halloween backdrop.

Torsten Bell from the Resolution Foundation discusses the economic implications of the upcoming general election, focusing on inflation, interest rates, and living standards. They explore the impact of lower inflation on voters, households' shift towards saving, and the uncertainty surrounding interest rates in the current economic landscape.

The podcast discusses the Chancellor's budget preparations, cyberbullying laws, and societal challenges. It explores tax cut promises, the tragic impact of cyberbullying, and the need for stronger legislation. The hosts also engage in lighthearted banter about weekend plans and social outings.