Who will pay the prices of war?
Inside Briefing with the Institute for Government
Institute for Government
4.5 • 278 Ratings
🗓️ 2 April 2026
⏱️ 49 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Just fill up as normal, continue as you are. That's the advice of Education Secretary |
| 0:12.7 | Bridget Philipson as the ongoing conflict in Iran continues to hit oil and energy prices |
| 0:17.0 | across the world. But is she right? I'm Alex Thomas and this is Inside Briefing, |
| 0:22.0 | the podcast from the Institute for Government. Quite where the conflict in the Middle East goes |
| 0:26.0 | from here is anyone's guest. Donald Trump, smarting at an absence of European support for his |
| 0:30.2 | military endeavours, has said in a truth social post, the country is worried about the price of oil |
| 0:34.4 | like the UK, should build up some delayed courage, go to the straight and just take it. Given that option seems unlikely to be high on |
| 0:41.0 | Kier-Starmer's list, what can the government actually do to respond to rising prices? |
| 0:45.5 | The message to consumers so far is keep calm and carry on as usual, but will that hold, |
| 0:49.7 | and if not, how bad could things get and how quickly? And finally, it's a very long time since we first |
| 0:56.3 | heard the words universal and credit. But this major government project has, albeit somewhat |
| 1:02.2 | late, reached its completion. We'll take a look at a troubled but ultimately successful, |
| 1:07.7 | arguably, journey. With me for all of that is senior fellow Jill Rutter, |
| 1:11.9 | cycling everywhere as usual and no doubt feeling quite pleased that you don't own a car. |
| 1:15.4 | Hi, Jill. Hi, totally smug. And I'm delighted that we're joined again by economist, journalist, |
| 1:20.8 | author and more, someone who's written a book about the economics of conflict and another |
| 1:24.5 | on two centuries of Britain muddling through. So you can guide us through this troubled moment. Duncan Weldon. Hi, Duncan. Hello. Thank you for having me. It's a slightly glib question, Duncan, at the start of the podcast, so don't think about it too hard. But on a scale of 1 to 10, how big is this economic crisis now and how big might it get? It's currently quite big. I think it's either going to end up being a five or it's going |
| 1:45.0 | to end up being a nine. Let's start with the situation in Iran and what the government can do |
| 1:50.1 | about it. Duncan, what did you make of that Trump, Truth, Social Post and everything else he's |
| 1:55.4 | been saying? Yeah, I mean, you know, it's unusual. You don't usually get people encouraging the British |
| 2:01.2 | to go and take natural resources if they want it. You're so, you know, Americans in the |
| 2:05.0 | 250th anniversary of independence were in a very serious situation and also a one open to a wide |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Institute for Government, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Institute for Government and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

