IFS Zooms In: The Economy

Stephen Bush, Associate Editor at the Financial Times, and Gemma Tetlow, Chief Economist at the Institute for Government, dive into Labour's first year in power. They dissect the government’s growth strategy, pointing out missed communication opportunities and the need for tax reform. The duo also explores NHS funding challenges, climate commitments, and the ambition of early childhood education initiatives. Voter sentiment and the effects of defense spending on economic growth are scrutinized, revealing a complex interplay between policy, perception, and political priorities.

Today, we’re zooming out to ask: what are the biggest economic challenges facing the UK in the years ahead?As Paul Johnson hosts his final episode before stepping down as IFS director, he’s joined by incoming director Helen Miller to reflect on the country’s fiscal outlook, the importance of economic growth, and the pressures of an ageing population.With rising demands on public services, debates over tax policy, and uncertainty around fiscal rules, how should policymakers navigate the road ahead? What choices will the government face to deliver sustainable growth?Paul and Helen discuss these big-picture questions - and what the coming years might hold.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.

Today, we’re asking whether people in the UK will be able to afford a decent standard of living in retirement.While the foundations of the system—like the state pension and automatic enrolment—are strong, there are growing concerns. Rising state pension ages, the unpredictability of the ‘triple lock’, low private saving rates, and the complexity of managing pension wealth in later life all pose challenges for future retirees.So, what changes are needed to improve outcomes? What’s the right balance between state support and private saving? And how can pensions be made easier to navigate?Paul Johnson is joined by IFS Deputy Director Carl Emmerson and Senior Research Economist Laurence O’Brien to discuss the findings of the IFS pensions review.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.

Today, we’re looking back at one of the most ambitious policies ever introduced for young children in England – Sure Start.  Launched by the Labour government in 1999, Sure Start aimed to give every child the best start in life by bringing together early education, childcare, health services, and parental support under one roof. At its peak, more than 3,000 centres were operating across the country. But since 2010, the programme has been scaled back, with funding cut by around two-thirds.  So, what difference did Sure Start really make? How was it implemented? And why does it still shape today’s debates around early years services? Paul Johnson is joined by IFS Associate Director Christine Farquharson and former Education Secretary Ed Balls to explore the legacy and lessons of Sure Start.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.

Delays in the Crown Court are at record highs, despite more funding and longer court hours. So what’s really causing the growing backlog of serious criminal cases in England and Wales?In this episode, Paul Johnson is joined by Ben Zaranko (IFS) and Cassia Rowland (Institute for Government) to explore why court productivity may have slowed, what the consequences are for victims and defendants, and whether more money alone can fix the problem.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.

In this episode, we unpack the government's 2025 Spending Review with analysis from experts at the IFS. Paul is joined by Helen Miller and Ben Zaranko to discuss what the Chancellor’s plans mean for public services, government investment, and the broader economic outlook. Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.

In this intriguing discussion, Professor Meredith Crowley, an economics expert from the University of Cambridge, delves into the current trade wars and their potential to unravel globalization. She explores the rising tariffs and what they mean for international relationships, particularly between the US and China. Crowley also addresses the shift in global trade dynamics, emphasizing the complexity of supply chains. The conversation highlights the impact of U.S. trade policy changes and the necessity to rethink trade agreements in this new landscape.

It's been two months since the government first announced its plans to enact the largest welfare reforms for a generation, aiming 'to help sick and disabled people who can and have the potential to work into jobs’. Since then, there has been considerable debate about the consequences of these reforms. But why does the government want to implement reforms in the first place? How does the current system work? And what could the impact be for those receiving these benefits?In this episode, Helen is joined by Tom Waters, Associate Director at IFS, and David Finch, Assistant Director at the Health Foundation, to unpack the government’s proposals and explore what they mean for the future of health-related benefits.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.

This week, we’re looking at corporation tax, which was introduced 60 years ago. Across the decades there have been no shortage of predictions that corporate tax revenues will decline, and yet the tax is forecast to raise record amounts in the coming years. To pick all of this apart, and to see how Donald Trump and tariffs play into the story, IFS Director Paul Johnson is joined by Amanda Tickel, Head of Tax & Trade Policy for Deloitte UK and Helen Miller, who is Deputy Director at The IFS and leads on our tax work. Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.

This week, we look at the Spring Statement. What were the decisions and trade-offs made by Chancellor Reeves? To pick this apart, IFS Director Paul Johnson is joined by IFS Associate Directors Ben Zaranko and Tom Waters.Become a member: https://ifs.org.uk/individual-membershipFind out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.