New Economics Podcast - podcast cover

New Economics Podcast

New Economics Foundationneweconomics.org
Award-winning podcast about the economic forces shaping our world, with Ayeisha Thomas-Smith and guests. Brought to you by the New Economics Foundation – the independent think tank and charity campaigning for a fairer, sustainable economy.
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Episodes

How we win a new economy - fixing the housing crisis with social homes

Note to listeners: this episode was prerecorded in September 2022. The cost of living scandal could force 1.7 million households into homelessness this winter, according to the charity Crisis. In the UK, we can no longer rely on social housing to protect people from sleeping rough or sofa-surfing. If you were alive in 1979, you had a 40% chance of living in an affordable council home. Today, that figure is just under 8%. What happened to all our council houses? Did Thatcher’s right to buy policy...

Oct 14, 202239 min

How we win a new economy - solving the cost of living and climate crises together

Note to listeners: this episode was prerecorded in August 2022. 2022: a year of extremes. During the 40 degree summer heat, roads melted and railway lines buckled. The London Fire Brigade had its busiest day since the Blitz as record temperatures led to hundreds of fires across the city. When it finally rained a month later, the Met Office warned of flood risk. But after a dangerously hot summer, we’re now worrying about whether we can afford our energy bills during a long, cold winter. This was...

Sep 30, 202245 min

How we win a new economy – a hot strike summer?

Note to listeners: this episode was prerecorded in August 2022. As the first week of rail strikes came to an end in June, Google searches for the phrase “join union” had increased by 184%. News channels and politicians didn’t seem to know what to make of the broad public support for the striking rail workers. Inspired by the RMT union, the unrest spread: criminal barristers, BT workers, posties and teachers are just some of the people exploring strike action. After decades of union busting, wage...

Sep 16, 202246 min

How we win a new economy - the end of neoliberalism?

In this mini-series of the New Economics Podcast, we’ll discover how our economy has been run over the past few years - and look at the key battlegrounds for those fighting to change the rules. Over the last few years, neoliberalism – the economic model that has dominated since Margaret Thatcher was PM – has taken a hit. Big spending and state intervention have been the name of the game, as the government scrambled to get to grips with the pandemic. While Boris Johnson gets ready to pack up his ...

Sep 02, 202247 min

How did the British Empire write the rules of today’s economy?

Outside of the frenzied headlines about woke warriors cancelling Jane Austen and stately homes, we’re living in a period of renewed consideration of Britain’s colonial history. The British Empire began before the English Civil War, and shaped our country for 400 years. At its height, it covered almost a quarter of the entire world’s population. Beyond statues and street names, how is the empire still shaping our lives today? Ayeisha is joined by Dr Kojo Koram, lecturer in law at Birkbeck and aut...

May 30, 202250 min

Who owns the internet?

What do you get the guy who has everything? A 44 billion dollar social media platform apparently. Elon Musk has already been accused of union busting, shot a car into space, and become the world’s richest man. So what’s next on his to-do list? Buying Twitter of course! From Mark Zuckerberg to Elon Musk, should we be worried that our online lives are in the hands of a few super-rich men? Will cryptocurrencies and Web3 make the internet good again? And what would a people-powered internet really l...

May 16, 202246 min

What did Covid-19 reveal about how our economy is really run?

In the early months of the pandemic, the government shut down whole sectors of the economy and started paying the wages of a huge proportion of Brits. Some worked from home, juggling homeschooling their kids and figuring out how to use Zoom. Others risked their health to travel to work. Meanwhile Big Tech and outsourcing companies raked in money through government contracts. What can we learn from moments when the predictable rules of economic life are suspended? Who wins and who loses in these ...

May 03, 202245 min

What does the Sunak scandal tell us about our tax system?

A few weeks ago the chancellor presided over a spring budget which ushered in the fastest drop in living standards on record, as he told us that we “can’t protect everyone”. But this week it was revealed that his wife has avoided paying around £20 million in tax, due to her non-dom status. Accused of “rank hypocrisy” by Keir Starmer, Rishi Sunak’s popularity has certainly been dented. The Sunak family hasn’t broken the law - but what does that say about the laws that govern who has to pay tax? W...

Apr 19, 202235 min

The UK's response to the refugee crisis

Since the start of the war in Ukraine, over 4 million people have fled the country. Earlier this month Priti Patel announced a visa application centre had been established en route to Calais for Ukrainians trying to come to the UK. But the centre never existed. Days later, the Home Office said it was actually in Lille, but would not reveal where. Officials then claimed that refugees in Calais could get free Eurostar tickets to travel to the centre - despite the fact that the Eurostar does not st...

Apr 04, 202233 min

Are fossil fuels funding the war in Ukraine?

At the time of recording, hundreds, and possibly thousands, of civilians have been killed during Russia’s invasion of Ukraine, and more than 2.5m Ukranians have fled the country. The Russian army has been accused of war crimes after bombing a maternity hospital in the south. Allies of the Ukrainian president say that Russia will only back down if Europe bans the import of Russian oil and gas. But what do oil and gas have to do with the war in Ukraine? Will banning Russian fossil fuels really mak...

Mar 21, 202240 min

Tackling the cost of living crisis

2022 has been dubbed the ‘year of the squeeze’ by the Resolution Foundation. In April, soaring energy bills will collide with tax increases for working people. Last month grocery prices rose at their fastest rate in eight years, and inflation is at its highest level in almost three decades. When the media talk about the ‘cost of living crisis’, what do they mean? How did we end up in a country with more food banks than branches of McDonalds? And what can the government do to make sure everyone c...

Mar 07, 202244 min

Tackling the energy crisis

Families are bracing for less and less money to get by as energy bills rise this spring. In the fifth richest country in the world, pensioners are skipping meals so they can afford their heating bills, and parents are only switching the heating on when their children are at home. At the same time, fossil fuel companies like BP and Shell made their biggest profit in years. What do these two things have to do with each other? Why are energy bills soaring? And what can the government do to make sur...

Feb 21, 202241 min

Closing the Covid-19 vaccination gap

Coronavirus cases are once again rising in Europe and across the world. The World Health Organisation has said that countries shouldn’t be giving out booster jabs for the rest of the year, but in the UK we’re offering third shots to people as young as 40. Meanwhile, only 3% of people in low-income countries have had a single dose. Covid vaccines may have prevented hundreds of thousands of deaths in the UK, but who is missing out on the global vaccine rollout? Why can’t poorer countries get hold ...

Nov 29, 202146 min

The future of work

A record number of employees have quit their jobs in recent months, in what’s been dubbed the Great Resignation. Newspapers report that it’s part of post-Covid demand for flexible working and better work life balance. After last year, where up to a quarter of the UK workforce was paid not to work through the furlough scheme, are we reassessing our relationship to our jobs? How does work impact our health and sense of self? And should we improve our working conditions - or try to abolish work alt...

Nov 19, 202137 min

Is our digital economy breeding misogyny?

In August this year Jake Davison, a 22-year-old from Plymouth, went on a shooting rampage that left six dead, including his mother and himself. In the aftermath it emerged that Davison had been a member of ‘incel’ forums online. He’s not the first mass shooter to have links to online groups espousing extreme hatred of women. Since Elliot Rodger killed six people in California in 2014, self-proclaimed ‘involuntary celibates’ have carried out multiple mass murders, mostly in North America. What’s ...

Nov 12, 202148 min

Trans Liberation

If you read mainstream media coverage of the issues facing transgender people in the UK, you’ll see a lot of fevered discussion of pronouns, bathroom access, and confusing legislation like the Gender Recognition Act. The media tells one story - but the other side of the coin is that half of trans people in the UK are unemployed and one in four have experienced direct healthcare discrimination. When we focus on bathrooms and pronouns, what other conversations are shut down? What are the economic ...

Nov 05, 202153 min

Is austerity back?

At the height of the pandemic, politicians promised to do whatever it took to keep the economy going, and introduced emergency support like the furlough scheme. But now those measures have been cut and the conversation has turned to “fixing the public finances”, ending “reckless borrowing'' and preventing “soaring debt”. The word austerity hasn’t featured yet but it’s all feeling a bit familiar, isn’t it? So, what do these phrases actually mean? Should we really be worried about things like gove...

Oct 26, 202142 min

What really happens at a UN climate summit?

In a few weeks’ time, 25,000 people will descend on Glasgow. They are coming for the UN climate summit, also known as Cop26. The delegates might not have the pleasure of sampling the city’s mac-and-cheese pies or a dram of whiskey. Instead they will meet with others from around the world to try and agree new ways to bring down greenhouse-gas emissions. So what happens at a UN climate conference? Are negotiators in an events centre really going to stop runaway climate change? And what should we l...

Oct 15, 202147 min

The Great Homes Upgrade

The UK has the draughtiest and oldest housing in Western Europe. And our gas boilers pump out twice as much carbon dioxide as all of the country’s power stations. Do we need to upgrade the UK’s homes? Why is our housing powering the climate crisis? And how can we make sure everyone’s home is warm, clean and green - whether we rent a flat or own a castle? Ayeisha is joined by Chaitanya Kumar, head of environment and the green transition at NEF, and Martin Heath, director of Basingstoke Energy Ser...

Oct 08, 202135 min

Can we prevent living standards plummeting this winter?

Over 11m people have been furloughed in the last 16 months, and almost 6m are currently on universal credit. But over the next week, the government’s main emergency policies to help people through the pandemic will end. People on furlough will find out if their jobs are still waiting for them, and people on universal credit will find their benefits cut by £20 a week. The government seems to be acting like we’re out of the woods of the pandemic - but are we really? With over a million people stil...

Oct 01, 202133 min

Where did our immigration system come from?

This week a controversial deportation flight took off for Jamaica. Legal challenges meant that only a tenth of the 90 people due to be deported were on the plane. The planned deportation included people whose lawyers said they had a right to stay in the UK under the Windrush rules, or who had arrived in the UK as children. Critics say that our immigration system is unnecessarily cruel. But what is its origin story? How has it changed over time? And what does it have to do with Britain’s colonial...

Aug 13, 202141 min

Fighting the climate crisis in the courts

With the COP26 global climate conference coming up later this year, we’re spending five episodes this series looking at pressing climate issues. In this episode we’re talking about taking the fossil fuel industry to court. Last week, a government spokesperson said that we should freeze leftover bread and stop rinsing dishes before we put them in the dishwasher to tackle the climate crisis. Meanwhile, the government has approved a new oil field in the North Sea that we’d need to reforest the whol...

Aug 06, 202132 min

Fast Fashion

With the COP26 global climate conference coming up later this year, we’re spending five episodes this series looking at pressing climate issues. In this episode we’re talking fast fashion. Summer is here and Love Island is all over the telly. The show’s sexy singles are competing for big prize money, and the inevitable sponsorship deals with fast fashion brands like Shein, Boohoo and Pretty Little Thing. But these companies have been accused of exploiting their workers and polluting the environm...

Aug 03, 202151 min

How can we tackle the climate crisis while levelling up?

With the COP26 global climate conference coming up later this year, we’re spending five episodes this series looking at some of the biggest climate issues. In this episode we’re talking about a just transition. Last week, the prime minister travelled to Coventry to set out his post-pandemic vision for the country. It was anticipated as a flagship moment for the government’s ‘levelling up’ agenda, but critics decried the speech as all talk, no action. This comes a month after the Committee on Cli...

Jul 23, 202136 min

A climate conversation between two generations

With the COP26 global climate conference coming up later this year, we’re going to spend five episodes this series looking at some of the biggest climate issues. We kicked things off last week with Alice Bell explaining everything you need to know about greenwashing. This week the conversation is about the climate movement with activists from two generations. The modern environmental movement has been around for over 50 years. And over the last couple, it’s been reinvigorated by a new generation...

Jul 09, 202142 min

Greenwashing

With the COP26 global climate conference coming up later this year, we’re going to spend the next five episodes of the podcast looking at some of the biggest climate issues – starting this week with greenwashing. Last month 20 young people and scientists attempted to occupy London’s Science Museum. They were protesting the fact that a new exhibition on the climate crisis was being sponsored by Shell. Protestors accused Shell of using their sponsorship to ‘greenwash’ its reputation. The occupatio...

Jul 02, 202137 min

The Police Bill

Throughout the spring, hundreds of thousands of people across the country marched, signed petitions, and spoke out against the catchily-titled Police, Crime, Sentencing and Courts Bill. Critics say the Bill would curb our freedom of speech and assembly by giving the police new powers to crack down on protest. The Bill was successfully delayed - but it’s due to resurface in Parliament next week. So what’s actually in the Police Bill? How will it affect Black and other people of colour? And why is...

Jun 18, 202152 min

Culture Wars

This week, the front page of the Daily Mail screamed “Outrage as Oxford students plan to axe queen”. In reality, a group of postgrads voted to take down a portrait of the queen in a single common room, in a single Oxford college, because of the portrait’s association with the UK’s colonial history. Whether it’s the interior decor of student common rooms or athletes taking the knee in support of Black Lives Matter, by the time you listen to this podcast, new outrages are constantly emerging. How ...

Jun 11, 202144 min

What will Biden’s America look like?

There’s a new president in the Oval Office and he’s ready to make some changes. Joe Biden wants the start of his presidency to be defined by rejoining the Paris climate agreement, vaccinating the country against Covid-19, and pulling the American economy out of a crisis. But will this be enough to tackle the problems that led to the Trump presidency? Is Biden too concerned about building bridges with the Republican Party? And is America finally ready to start taking the climate emergency serious...

Apr 01, 202143 min

Changing the rules of our economy to stop environmental breakdown

There are just eight months left until the UK hosts the UN Climate Conference. And despite Boris Johnson’s insistence that we will have a green recovery from the pandemic, in the last month there have been a number of climate related controversies, including around the construction of a new coal mine in Cumbria, the Leeds Bradford airport expansion, and plans to cut air passenger duty on domestic flights. Why can’t the economic status quo deal with the climate emergency? What has the fresh atten...

Mar 19, 202148 min
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