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More or Less: Behind the Stats

Debt, students, shark and chips

More or Less: Behind the Stats

BBC

Business, Mathematics, Science, News Commentary, News

4.63.5K Ratings

🗓️ 14 February 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

What is the government’s fiscal rule on the national debt? Are international students stealing places from the UK’s young people? How much social housing is really being built? Do 90% of chip shops sell shark and chips?

Tim Harford investigates some of the numbers in the news.

Presenter: Tim Harford Producers: Nathan Gower and Debbie Richford Series producer: Tom Colls Production coordinator: Janet Staples Sound mix: Rod Farquhar Editor: Charlotte McDonald

Transcript

Click on a timestamp to play from that location

0:00.0

BBC Sounds, music radio podcasts.

0:04.7

Hello and welcome to more or less with me Tim Harford.

0:08.3

We have a veritable Valentine's Day massacre of sketchy statistics ahead of us.

0:17.0

Are foreign students crowding domestic students out of English universities?

0:21.0

What do the numbers tell us about social housing?

0:24.1

And we'll wrap it all up with the traditional Friday night treat.

0:27.4

Shark and Chips.

0:31.9

But before all that, last week, Chief Secretary to the Treasury Laura Trot

0:36.7

went on Radio 4's PM programme to react to Labour's abandonment of its 28 billion pound green investment pledge. During the interview, PM

0:46.1

presenter Evan Davis asked her about the government's future plans for borrowing and how that

0:51.3

would affect levels of government debt.

0:53.9

Debt is, after all, one of the government's main concerns.

0:57.2

One of Rishisunak's five pledges is to get it falling.

1:00.3

In fact, the government has a so-called fiscal rule to make sure this happens.

1:05.0

Well, sort of, hold that thought.

1:08.0

But the conversation was slightly derailed by a disagreement over what's projected to happen to government debt over the next five years.

1:15.0

Now on the latest projections, the latest official projections, debt is rising.

1:20.0

Let's just be quite clear, debt goes up over the next few years it's higher in four years

1:24.3

than it is now it's not going to change that much in the next the next projection

1:29.0

you'll get at the budget what is puzzling me is how you can be even talking about tax cuts when a central

1:36.8

pledge is getting debt down and debt is going up.

1:40.3

So the central pledge is one of our fiscal rules which is that debt needs to be

...

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