Have you ever really thought about what it is that creates the modern economy? These are the things that surround us and we interact with, or depend on, everyday but rarely think about. From credit cards, to shipping containers, batteries and double-entry book-keeping, there are a lot of things that are more interesting than you may think. And for this special Christmas edition of the This is Money podcast we have a treat for you. Tim Harford, author of Fifty Things that Made the Modern Economy, presenter of the podcast of the same name, and Undercover Economist makes a guest appearance. He joins Simon Lambert, Rachel Rickard Straus and Georgie Frost in the studio to talk about what it is that shapes the world around us, why it matters, and how what are commonplace things now were dreamed up and then completely changed the way we live.
Left-wing movements in Britain, and further afield, are increasingly citing the Scandinavian or Nordic economic model as a desirable alternative to capitalism. But is Scandinavian socialism really all its cracked up to be? Today, Dr Steve Davies and Kate Andrews of the IEA put the Nordic model under the spotlight – and examine to what extent these countries are indeed socialist, or even ‘left wing’.
What impact will Brexit have on British aviation and our ability to travel? That’s a question that’s been on many peoples’ lips recently, following warnings from the boss of Ryanair and other key industry figures, that flights between the UK and the EU could be grounded for months unless replacements for EU airline agreements are struck before Britain leaves the bloc. The IEA’s Chief Economist and head of the Brexit Unit, Julian Jessop, will weigh up the evidence, along with Digital Officer Madeline Grant, and decide whether these warnings stack up to reality.
Pro-Brexit campaigners have argued leaving the EU means Britain can “take control” of its fisheries. But what does Brexit really mean for fishing communities and for the future of our fish stocks?
This week, Ayeisha Thomas-Smith is joined by Fernanda Balata, Senior Programme Lead for Coastal Economies at the New Economics Foundation, Griffin Carpenter, NEF Senior Researcher, and James Wilson, a mussel farmer in Bangor, North Wales.
Fernanda Balata, Griffin Carpenter, James Wilson, Ayeisha Thomas-Smith
The single market. The customs union. Making a deal with the EU or leaving on WTO terms. There’s a lot of jargon to contend with when we’re discussing the economics of Brexit. Sometimes it feels like we get so caught up in pretending we know what it all means that we forget to talk about the impact it’s going to have on people’s everyday lives. When we leave the EU, will some people lose their jobs? Will the things we buy become more expensive? Will businesses do better or worse under new trading rules?
This week, Ayeisha Thomas-Smith is joined by Annie Quick, Subject Lead for Inequality at the New Economics Foundation and Sam Lowe, who leads on trade and Brexit at Friends of the Earth.
It finally happened. The Bank of England raised interest rates for the first time in more than a decade this week. But what was the point of that rate rise? It was certainly a curiosity, coming alongside a decidedly downbeat Inflation Report. Was it to dampen inflation, to send a warning sign to borrowers, or just to put a tiny smile on beleaguered savers’ faces?
On this week’s podcast, Simon Lambert, Rachel Rickard Straus and Georgie Frost look at why the Bank raised rates and what it means for you.
They also dive into the really crucial question: how high will the base rate go from here and how fast will it rise?
Today we're joined by Daniel Hannan, MEP for South East England, President of the Institute for Free Trade, and a leading voice in the Vote Leave campaign – interviewed by the IEA's Chief Economist Julian Jessop. With European and British negotiators seemingly at loggerheads - Dan gives his view on what's actually going on behind closed doors. Dan and Julian also discuss how much should be paid in a 'Brexit Bill', what the transitional arrangement should look like, and the potential benefits of trading unilaterally.
Now the EU has reportedly raised its opening demand for Britain's Brexit bill from the previous estimate of €60bn to €100bn - apparently due to pressure from France and Germany - could a transitional trade deal be off the cards? To discuss this further, Ed Bowsher spoke to European affairs analyst Yannis Koutsomitis.
Welcome to the This is Money Show on Share Radio. The UK parties are now getting into full election mode and already we’ve seen a range of policy suggestions, debates and u-turns appearing. From energy price caps to scrapping death duty hikes we’ll but looking at what all these could mean for the finances of voters. Also weighing in on the French election and GDP Georgie Frost is joined by Editor Simon Lambert and Personal Finance Editor Rachel Rickard Straus. Plus it’s your final week to spend the old paper five pound note.
With polls suggesting the pro-EU centrist Emmanuel Macron will emerge as the comfortable winner over the far-right Marine Le Pen in the final run-off election in France, bondholders have begun snapping up French assets once again. For more, Sarah Lowther was joined by Mike Bell, Global Market Strategist at JP Morgan.
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