
New Economics Podcast
Award-winning podcast about the economic forces shaping our world, with Ayeisha Thomas-Smith and guests. Brought to you by the New Economics Foundation – the independent think tank and charity campaigning for a fairer, sustainable economy.
Latest episodes

Oct 9, 2020 • 35min
Building a caring economy
“We want to build back greener as we recover from Covid-19” - that was the message this week at the Prime Minister’s Conservative Party Conference speech. But in all the talk of wind turbines and technology, the place of care in our economic recovery didn’t really get a look in.
Why is care often so overlooked when we think about the economy? And how would our lives change if we put care at the centre of our economic decisions?
Ayeisha is joined by Jo Littler, Professor of Social Analysis and Cultural Politics at City University of London, Marion Sharples, Project Manager and Researcher at the Women’s Budget Group and NEF Senior Economist, Sarah Arnold.
The Care Manifesto: The Politics of Interdependence is available on the Verso website https://www.versobooks.com/books/3706-care-manifesto
Read the final report of the Commission on a Gender-Equal Economy https://wbg.org.uk/commission/
-----
Researched by Margaret Welsh. Produced by Becky Malone.
Music by Poddington Bear and Blue Dot Sessions under Creative Commons license.
Enjoying the show? Tweet us your comments and questions @NEF!
The Weekly Economics Podcast is brought to you by the New Economics Foundation. Find out more at www.neweconomics.org

Oct 6, 2020 • 34min
Is competition killing us?
Our track-and-trace system will be “world-beating”. The development of the Oxford Covid-19 vaccine is “months ahead” of its competitors around the world.
This is how politicians and the media have been talking about our lines of defence against the coronavirus pandemic. But when facing up to a global problem that connects us all, why is competition the only language we have to talk about it?
How has competition come to define our economy and society? What do we miss out on when we focus on competition? And is there a way out?
Ayeisha is joined by Michelle Meagher, author of new book, Competition is Killing Us and Grace Blakeley, staff writer at Tribune and author of upcoming book, The Corona Crash: How the Pandemic will Change Capitalism.
Grab a copy of Michelle's book https://www.penguin.co.uk/books/315/315772/competition-is-killing-us/9780241423011.html
Grace's book is out on the 27th October https://www.versobooks.com/books/3723-the-corona-crash
-----
Researched by Margaret Welsh. Produced by Becky Malone.
Music by Poddington Bear under Creative Commons license.
Enjoying the show? Tweet us your comments and questions @NEF!
The Weekly Economics Podcast is brought to you by the New Economics Foundation. Find out more at www.neweconomics.org

Sep 25, 2020 • 33min
Can unions transform the economy?
Amid the coronavirus crisis, the number of people becoming members of a union has skyrocketed. Unison reported 65,000 new members since the start of the year, and in the last six months, 50,000 people have joined the National Education Union. The TUC worked with the chancellor to create the furlough scheme, and teaching unions were partly responsible for the government U-turn over face masks in schools.
It certainly looks like union influence has had a boost, as they fight against redundancies and for the health and safety of their members. But what about outside of the workplace? Can unions and their members change the rules of the economy?
Ayeisha is joined by Alice Martin and Annie Quick, authors of Unions Renewed: Building Power in an Age of Finance.
Grab a copy of the book at https://politybooks.com/bookdetail/?isbn=9781509539116&subject_id=2
-----
Researched by Margaret Welsh. Produced by Becky Malone.
Music by Poddington Bear and David Hillowitz, used under Creative Commons licence.
Enjoying the show? Tweet us your comments and questions @NEF!
The Weekly Economics Podcast is brought to you by the New Economics Foundation. Find out more at www.neweconomics.org

Aug 14, 2020 • 35min
Covid-19 and global capitalism
It’s a cliche by now to say that Covid-19 has upended our economy. Industries have ground to a halt, and are only just beginning to start up again. Just this week the UK plunged into recession, with the worst drop in GDP of any G7 nation.
But what about outside the G7? How have the effects of Covid ricocheted around the global economy?
In the last few episodes we’ve heard how Covid-19 has affected government spending, unemployment, and the hostile environment in the UK. For this episode, we want to look farther afield at how the pandemic is affecting economies across the world - especially in the Global South.
Ayeisha is joined by Dr Tobias Franz, Lecturer in Economics at SOAS and Shreya Nanda, Economist at the Centre for Economic Justice at the Institute for Public Policy Research.
-----
Researched by Margaret Welsh. Produced by Becky Malone.
Music by Blue Dot Sessions and Poddington Bear, used under Creative Commons licence.
Enjoying the show? Tweet us your comments and questions @NEF!
The Weekly Economics Podcast is brought to you by the New Economics Foundation. Find out more at www.neweconomics.org

Aug 7, 2020 • 40min
How do we win a green recovery?
We’re facing two global crises. We have scientific evidence for how to deal with both of them, but governments aren’t acting quickly enough. They both show how we are all more connected than we previously thought. And to tackle them will require massive changes in how we run our economy.
The first problem is Covid-19. The other, though it’s fallen off the front pages, is as urgent as ever: the climate crisis.
How do we keep climate in the picture? Should we bail out struggling polluting industries? And how can we make sure our Covid recovery is green?
In this episode of the Weekly Economics Podcast, Ayeisha is joined by Chaitanya Kumar, Head of Environment and the Green Transition at the New Economics Foundation and Fatima Zahra-Ibrahim, co-director of Green New Deal UK.
Read new NEF report on decarbonising the Bank of England's corporate QE programme here: https://bit.ly/30yURpe
Vice investigation into company bailouts is available here: https://bit.ly/33HFtcd
Write to your MP to stop blank cheque bailouts on the Build Back Better website: https://bit.ly/30yRVZM
-----
Researched by Margaret Welsh. Produced by Becky Malone.
Music by Blue Dot Sessions and Poddington Bear, used under Creative Commons licence.
Enjoying the show? Tweet us your comments and questions @NEF!
The Weekly Economics Podcast is brought to you by the New Economics Foundation. Find out more at www.neweconomics.org

Aug 3, 2020 • 34min
Where does conservatism go next?
For most of the last decade, the Conservative government has said they want to cut government spending to balance the books as they rolled out austerity nationwide. But since the start of lockdown, something seems to have changed. The chancellor keeps saying “this is not the time for ideology” as he announces new, expensive schemes to keep the economy afloat.
So - what’s going on? It’s not the first time that politicians have announced ‘the end of austerity’. But, with the government paying the wages of up to a third of the UK workforce through the furlough scheme, has something shifted? Has the government truly moved ‘beyond ideology’? Will austerity be back - but by another name? And where does conservatism go from here?
In this episode of the Weekly Economics Podcast Ayeisha Thomas-Smith is joined by NEF CEO Miatta Fahnbulleh and Director of Research & Advocacy at Common Wealth Miriam Brett.
-----
Researched by Margaret Welsh. Produced by Becky Malone.
Music by Chad Crouch and Poddington Bear, used under Creative Commons licence.
Enjoying the show? Tweet us your comments and questions @NEF!
The Weekly Economics Podcast is brought to you by the New Economics Foundation. Find out more at www.neweconomics.org

Jul 22, 2020 • 35min
Can we avoid a tsunami of job losses?
It feels like every day there are new dire predictions of the state of the UK economy and jobs. Last week we discovered that the number of paid employees in Britain has plunged by 650,000 since the start of the pandemic. As the furlough scheme winds down, the Office for Budget Responsibility says 1.4 million furloughed people are at risk of unemployment. And almost a third of companies plan to cut jobs in the next three months.
So, did the job retention scheme save jobs or just delay the inevitable? How are unions supporting workers during this time? And what can we do to avoid a tsunami of job losses?
In this episode of the Weekly Economics Podcast Ayeisha Thomas-Smith is joined by Alfie Stirling, Head of Economics at the NEF and Nikki Pound, Policy and Campaigns Support Officer at the TUC.
-----
Researched by Margaret Welsh. Produced by Becky Malone.
Music by Jahzzar, used under Creative Commons licence.
Enjoying the show? Tweet us your comments and questions @NEF!
The Weekly Economics Podcast is brought to you by the New Economics Foundation. Find out more at www.neweconomics.org

Jul 14, 2020 • 38min
Do police and prisons keep us safe?
At the end of June Keir Starmer said of Black Lives Matter protesters in an interview: “Nobody should be saying anything about defunding the police.” At the same time, the UK government announced four new prisons. Olympic athlete Bianca Williams has said she felt like “being black is a crime” after she was stopped and handcuffed by police while driving in London. And last week it emerged that the Met police carried out 22,000 stop-and-searches on young Black men during lockdown.
Some campaigners, especially in the US, are talking about defunding the police. But what does that actually mean? Should campaigners be calling for it in the UK? And do police and prisons really keep us safe?
In this episode Ayeisha is joined by Dr. Adam Elliot-Cooper, research associate in sociology at the University of Greenwich and board member of the Monitoring Group.
References:
Read "Are Prisons Obsolete?" by Angela Y. Davis https://theanarchistlibrary.org/library/angela-y-davis-are-prisons-obsolete
Find out more about Black Visions Collective https://www.blackvisionsmn.org/
Read the report "Race and Racism in English Secondary Schools" by Dr Remi Joseph-Salisbury https://www.runnymedetrust.org/projects-and-publications/education/racism-in-secondary-schools.html
Find out more about United Family and Friends Campaign https://uffcampaign.org/
Visit Community Actions on Prison Expansion's website for more info https://cape-campaign.org/
Go to https://movementforjustice.co.uk/ for more on Movement for Justice
You can learn more about JENGbA's work at https://jointenterprise.co/
Cradle Community are fundraising for healing and transformative justice work in the UK. If you donate, you can get an abolitionist package including their new zine "how to be an abolitionist today". More info here https://www.instagram.com/p/CCa1VtVhZXK/?igshid=hgtrn7bhwlc4
-----
Researched by Margaret Welsh. Produced by Becky Malone.
Music by Podington Bear, used under Creative Commons licence.
Enjoying the show? Tweet us your comments and questions @NEF!
The Weekly Economics Podcast is brought to you by the New Economics Foundation. Find out more at www.neweconomics.org

Jul 3, 2020 • 38min
The Hostile Environment during coronavirus
The end of June marked the anniversary of the arrival of the Windrush Generation in the UK, and sparked renewed conversations about the Hostile Environment. It’s been reported that UK immigration policies have stopped migrants from getting healthcare during the Covid-19 pandemic, despite a government exemption from immigration checks and fees. Just this week, MPs passed a new immigration bill which ends freedom of movement and introduces a point-based system instead.
So, how has the Hostile Environment affected people, particularly during the pandemic? Have migrants been hit harder by Covid-19? And what does the new immigration bill mean for migrant communities in the UK?
We’re back for a new series of the Weekly Economics Podcast, Ayeisha is joined by Zoe Gardner, Policy Advisor at the Joint Council for the Welfare of Immigrants (JCWI), and Akram Salhab, Advocacy and Campaigns Officer at Migrants Organise.
Take a look at the New Deal on Migration on the JCWI's website https://www.jcwi.org.uk/news/we-need-a-new-deal-on-migration
Read new research from Migrants Organise, Medact and NEF looking at how the Hostile Environment is preventing migrants accessing healthcare during the pandemic https://bit.ly/38ooewJ
More from Migrants Organise on their website https://www.migrantsorganise.org/
-----
Researched by Margaret Welsh. Produced by Becky Malone.
Music by Podington Bear, used under Creative Commons licence.
Enjoying the show? Tweet us your comments and questions @NEF!
The Weekly Economics Podcast is brought to you by the New Economics Foundation. Find out more at www.neweconomics.org

Jun 17, 2020 • 43min
Gary Younge on the global black liberation uprisings
The death of George Floyd three weeks ago at the hands of Minneapolis police officers sparked a fresh wave of Black Lives Matter protests across the world. In the US, calls to defund the police have won victories and across Europe leaders are taking down statues of slave traders and reviewing national school curricula. Here in the UK, hundreds of thousands have taken to the streets, despite government warnings and coronavirus restrictions.
So, why has this explosion of protest happened now? Does this mark a new moment in our collective conversation on race, racism and the role of the police? And once this moment of the whirlwind passes, how can protestors make sure we achieve lasting change?
For this special one-off episode Ayeisha is joined by Gary Younge, writer, broadcaster, and professor of sociology at the University of Manchester.
Read Gary's piece in the New Statesman here: https://www.newstatesman.com/politics/uk/2020/06/we-cant-breathe
Read Nadine El-Enay's piece in openDemocracy here:
https://www.opendemocracy.net/en/opendemocracyuk/calls-to-make-britain-great-again-are-drawing-on-pseudo-intellectual-defences-of-/
-----
Researched by Margaret Welsh. Produced by Becky Malone.
Music by Chris Zabriskie, used under Creative Commons licence.
Enjoying the show? Tweet us your comments and questions @NEF!
The Weekly Economics Podcast is brought to you by the New Economics Foundation. Find out more at www.neweconomics.org
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.