Category Archives: Economics

Have we reached peak inequality?

I talk to Professor Danny Dorling of Oxford University about his new book – Peak Inequality: Britain’s ticking time bomb. Have we reached peak inequality? And what level of inequality is acceptable or desirable?

Running time: 56m

Podcast copyright: CC BY 4.0

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Markets good, government quite good too

Ten years on from the global financial crisis – and the government bailouts that saved the financial system from collapse –  the UK Prime Minister gave a speech at the Bank of England, extolling the virtues of free markets.

Continue reading Markets good, government quite good too

Suddenly the magic money tree appears

“‘There is no magic money tree,’ Theresa May said during the election campaign when confronted by a nurse complaining about low pay. Yet now that the Conservatives need the support of the DUP to give them a working majority, suddenly the magic money tree appears: £1 billion of additional spending has been promised to Northern Ireland. Can austerity survive such hypocrisy?”

Simon Wren-Lewis, Professor of Economic Policy, Oxford University, 7 July 2017

Nurses using foodbanks

“Do you think it’s fair that the nurses get just a 1% increase year-in year-out regardless of inflation – so they get poorer, so some of them we’re told go to foodbanks? Is that fair? Do you sleep happy at that?”

David Dimbleby questions PM Theresa May, 2 Jun 2017

The economics and politics of austerity

Theresa May has called a snap general election. Austerity has been the central policy of Conservative-led governments since 2010. This post looks at the economic and political dimensions of austerity, and Theresa May’s position on the policy.

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Austerity cuts and their impact

In 2010, the Conservative-led government, under David Cameron, introduced a new “long term economic plan”, commonly known as austerity, to reduce the national debt by cutting government spending. This post looks at some of the cuts that have been made, their impact, and whether Theresa May is continuing with the Cameron budget plans.

Continue reading Austerity cuts and their impact