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Hosted on Acast. See acast.com/privacy for more information.
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The UK has a productivity problem. When it comes to how much output we each produce the UK is well behind our northern European counterparts, and its going from bad to worse. COVIDA hasn’t helped. According to the Office of National Statistics, public service productivity is 6.5% below the pre-coronavirus pandemic level.
Professor Philip McCann, Chair of Urban and Regional Economics at Alliance Manchester Business School at The University of Manchester, reckons productivity is a huge problem for the UK. On this week’s podcast he highlights why the UK is so different. And it’s not, as Liz Truss famously suggested, that British workers are amongst the “worst idlers in the world”. Prof McCann suggests its more to do with how we have structured our public administration.
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Unwilling colony or vital part of the union? Scotland now knows it can't hold a new referendum unless the UK government says it can - the path to independence is blocked for the foreseeable future. So what happens next?
Will the SNP be able to press for a new vote by getting majority backing at the next election? Will the verdict of London judges provoke greater support for breaking away? Could a new Labour administration in Westminster be forced to cut a deal with the SNP? Or is the whole issue of independence now buried for a generation? Michael Keating, professor of Scottish Politics at the University of Aberdeen guides Phil and Roger through the likely outcomes
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World leaders, journalists, climate campaigners – they all jetted in to the air conditioned hotels of Sharm El-Skeikh earlier this month for COP27, but was anything actually achieved. After 27 of these meetings to tackle climate change has anything actually been achieved? Are we all fiddling whilst the planet burns? Will politics and business interests determine our destiny rather than science, just as they did in the movie Don’t Look Up?
This week Phil and Roger talk to journalist Lucy Siegle, who writes and broadcasts regularly on environmental issues. Lucy is just back from COP27 and gives her thoughts on what’s been achieved this time around.
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In a couple of weeks Jeremy Hunt, this month’s Chancellor, will present his Autumn Budget, heavily overseen by Rishi Sunak, our latest Prime Minister. So what can we expect? The noises from Downing Street are suggesting we have to prepare for some bad news, with difficult choices supposedly being made about how to get the budget back on track. Does that mean more austerity? Higher Taxes? Or both? And who will feel the hurt the most.
Vicky Pryce, Chief Economic Adviser at the Centre for Economics and Business Research, suggests there’s a danger that the government will go too far, whilst hurting those who feel cuts the most. For example, increasing welfare payments in line with growth in wages rather than prices will save £13 billion per year, but who is paying the price for that? Certainly not those who got rich from asset investments when interest rates were low.
So just how does the government perform the magic balancing act of reducing debt, compensating for inflation and supporting energy costs, without slowing the economy to a trickle? Join Vicky with Roger and Phil, discussing what should be in the Hunt-Sunak budget.
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