The Economy: Five things you need to know in 2024 – with Giles Wilkes and Andrew Harrison

The Bunker – News without the nonsense

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News, Government, Politics, Society & Culture

4.6 • 1K Ratings

🗓️ 4 January 2024

⏱️ 38 minutes

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Summary

Britain’s damaged economy will dominate this election year but it’s a sprawling topic. We’ve broken it down into five key issues to keep an eye on in 2024 – from the endless battle over tax cuts to the still-dire cost of living crisis, from the mortgage timebomb to the unforeseen consequences of AI. Former advisor to Vince Cable and now senior fellow at the Institute for Government Giles Wilkes lays out the issues for Andrew Harrison. • “Tax cuts don’t win elections.” — Giles Wilkes • “Debt is not evil in itself. Debt is the ability to borrow from the future and if we hadn’t invented it, we’d be much poorer.” – Giles Wilkes • “The past couple of years have probably been as bad for the cost of living as we've had since the period of rationing.” – Giles Wilkes www.patreon.com/bunkercast Presented by Andrew Harrison. Producer: Eliza Davis Beard. Audio production: Simon Williams. Managing Editor: Jacob Jarvis. Group Editor: Andrew Harrison. Music by Kenny Dickinson. THE BUNKER is a Podmasters Production. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	My name is Stan. I'm at. Nice to meet you. So you took up photography where? I've always loved
0:05.5	photography but I turn it into earning a living at 60. I enrolled on a day course.
0:11.8	Well college. I loved going to college. It's good you can retry. I'm enrolled on the day course. But college?
0:13.0	I loved going to college.
0:14.0	It's good you can retrain and do something.
0:16.0	Yeah, yeah.
0:17.0	Let's talk about working, learning, saving and making the most of living longer.
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0:55.9	theirs with dental life. Pick up dental life in the pet food aisle. Hello and welcome to the bunker with me Andrew Harrison. It's the economy stupid.
1:16.0	Bill Clinton's campaign director James Carvel coined that ringing phrase
1:20.5	as part of Clinton's successful bid for the presidency in 1992 and ever
1:25.3	since it's been held up as a model of the brutal clarity of thought required to
1:30.1	win power. The Clinton campaign used the American recession of 1992 to undermine
1:35.4	George H.W. Bush and ultimately make him a one-term president. Could Kiea Starmer
1:40.6	and Rachel Reeves pull off a similar electoral feet here.
1:44.0	We've entered an election year and Britain's economy is a mess with GDP shrinking unexpectedly
1:49.2	in December and a British recession possibly on the cards.
1:53.0	So what do you need to know about the economy in 2024?
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