How Can We Fix The British Economy? With Paul Johnson From The IFS
Pod Save the UK
Pod Save the UK
4.6 • 1.4K Ratings
🗓️ 1 August 2024
⏱️ 51 minutes
🧾️ Download transcript
Summary
It’s been a tough few weeks for new Chancellor Rachel Reeves. In a speech to the House of Commons on Monday, Reeves declared that despite going in to government with gloomy prospects, the financial inheritance was much worse than she had expected. Naturally, this didn’t go down particularly well with the now Shadow Chancellor Jeremy Hunt, as the two traded barbs whilst invoking the opinions of THE name in British economics - Paul Johnson.
Nish and Coco sit down with the man himself, Paul, to talk about how deep the budgetary black hole goes and solutions for how the Government might tax their way out of it, whilst still meeting the difficult manifesto commitment of “no new taxes on working people”.
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Guest;
Paul Johnson, Director of the Institute for Fiscal Studies.
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Transcript
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| 0:00.0 | Big News Coco, Coco, Rachel Reeves has declared her favorite song of all time. |
| 0:05.6 | Okay, yeah, go on. |
| 0:07.6 | Oh, we're playing a game? |
| 0:08.6 | Well, I mean, I thought we were, but I would say it's come off the rails almost immediately. |
| 0:13.6 | This is the fastest one of these intros has been derailed. |
| 0:16.4 | These things are supposed to be snappy, we always get told they need to be snappy. |
| 0:19.8 | This is snappy but my fingers are very worse. |
| 0:29.0 | All right, so the game is we are guessing money themed songs. Yeah, basically, yeah. |
| 0:30.0 | My neck, my back. |
| 0:32.0 | Clot twist. It's my neck, my back. Plock Twist. |
| 0:34.0 | It's my neck, my back, a money themed song. |
| 0:37.0 | Wouldn't it be funny if that was Rachel Reeves's favorite song? |
| 0:39.0 | My neck, my back. |
| 0:40.0 | Okay, yeah. back. |
| 0:44.0 | Okay, yeah. I thought you were going to say money, money, money or my money, my problems. |
| 0:48.0 | Yeah, those are good. |
| 0:49.0 | Wu Tangs, cash rules everything around me. |
| 0:51.0 | Well, now this is going to seem irrelevant but basically according to this |
| 0:55.7 | week's speech her favorite track is supermassive black hole by Muse. Okay you don't |
| 0:59.7 | seem happy about that. I would say this is one of the worst intros we've ever done. |
| 1:04.0 | Okay I've got one. Let's talk about tax baby. Let's talk about you and me. That works. |
| 1:12.0 | Let's just start the show today on POTS |
... |
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