How can we grow the UK economy?
Description
The cost of living crisis followed a decade in which people’s wages and incomes barely grew. The idea that each generation does at least as well as the one before, has for the moment ended. We’ll only start getting better off again if we can get the economy growing – as it used to in the decades preceding the financial crisis. So, what levers can governments pull to get growth back into the system? Why don't governments do the things that nearly every expert thinks might work? Should we be looking to governments at all? Paul Johnson of the Institute for Fiscal Studies explores the challenges facing the UK economy and asks: how can any government get the UK economy growing?
Presenter: Paul Johnson
Producer: Farhana Haider
Editor: Claire Fordham
Contributors:
Diane Coyle, Bennett Professor of Public Policy at the University of Cambridge.
Jagjit Chadha, Director of the National Institute of Economic and Social Research
Stephen Evans, Chief Executive of the Learning and Work Institute
Richard Davies, Director of the Economics Observatory
Louise Hellem, Chief economist at the CBI.
Nicholas Macpherson, former Permanent Secretary at the Treasury.
Rowan Crozier, CEO C. Brandauer & Co Ltd
Sam Bowan, Editor of Works in Progress
Really? The gaping income inequalities are barely mentioned in passing? Before trying to constantly grow a system that created the mess we're in shouldn't we actually look at the root cause? Otherwise you're just trying to close a gaping wound with a bandaid. But then again, economists are the ones who keep justifying the fallacy of free market and trickle down economics so can't really expect them to actually come up with common sense analysis and solutions...