How do we fix our broken economy?

Reasons Revisited

Geoff Lloyd

Society & Culture, Government, News, Politics

4.8 • 2.6K Ratings

🗓️ 5 December 2022

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hello! This week Ed and Geoff are on location to chat with two big brains who have been part of two important commissions about the state of the UK economy. What are the deep roots of the economic crisis facing our country? And what's the solution?

The UK is suffering from a 'toxic combination' of high inequality and stagnating growth. We look at some of the long-term issues that mean the cost of living crisis is hitting Britain particularly hard, why we need a new economic strategy and what it would involve. And what does Geoff's hairdresser have to do with it all?

Guests

Carys Roberts, Executive Director, IPPR (@carysroberts) (@IPPR)

Torsten Bell, CEO, Resolution Foundation (@TorstenBell) (@resfoundation)

More info

Read the final report (2018) from IPPR's Commission on Economic Justice

Read 'Stagnation Nation' (2022) the interim report from the Economy 2030 Inquiry

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Transcript

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0:00.0	Glaucoma didn't stop me getting to Barcelona.
0:02.8	You're opted.
0:03.9	And cataracts in the stop me switching current accounts.
0:06.3	You're small-printed.
0:07.6	With some simple changes,
0:09.0	your business could have two million more customers.
0:11.4	Visit rnib.org.uk
0:13.4	forward slash business,
0:14.8	the way to make your business more accessible for people with sight loss.
0:18.2	R&I B. See differently.
0:22.6	Our sponsor for this episode is Big Issue,
0:24.8	Changing Lives Through Enterprise.
0:27.0	And you can support that by subscribing.
0:28.8	You don't need me to explain that the cost of living crisis is impacting the poorest people the most.
0:34.7	And that means it's tough for Big Issue vendors.
0:37.2	They are in the living from selling the magazine.
0:39.4	And they're heading into winter facing uncertainty about that living.
0:44.4	When you're unable to visit a local vendor,
0:47.2	the next best thing is to take a subscription.
0:50.6	When you do that,
0:52.0	you're supporting big issues frontline teams.
0:54.6	These are the people working with vendors one-on-one,
	...

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