New Economics Podcast

We’re waiting longer than ever for hospital appointments, our kids’ schools are literally crumbling, and homelessness has sky-rocketed in the past year. This week’s spring budget was a vital chance for chancellor Jeremy Hunt to respond to the huge problems our country is facing. But instead of trying to fix any of our problems, the chancellor announced a cut to national insurance that will benefit...

Worried about your carbon emissions? Don’t stress! You can pump out as much as you want - as long as you buy some offsets to balance it out. Scared of the collapse of wildlife? No problem! We can figure out how much money our ecosystems are worth, and let the market do the rest! Welcome to the logic of green capitalism. Fossil fuel giants claim to celebrate sustainability while pumping out toxic e...

It’s 2024 and in Westminster an election is at the forefront of everyone’s minds. Step back a little further and across the UK millions of us are more concerned with how we’ll afford to pay their sky-high rent or energy bills. Zoom out further again and we see a world where billions of people are reckoning with the threat of the climate crisis. For the first episode in a new series of the New Econ...

The Metropolitan Police’s diversity and inclusion strategy claims it is determined to “eliminate racism and discrimination”. But the force was branded ‘institutionally racist’, and not for the first time, in an official report this spring. Recently, a Met firearms officer has been referred to prosecutors on a potential murder charge for shooting dead Black Londoner Chris Kaba last September. So, w...

This spring, swimmers in Kent were told to avoid ten beaches in the county due to sewage leaks. Public outrage at sewage pouring into our rivers and beaches has so far focused on water companies. But is someone else to blame? The pipes that carry sewage in Kent are not owned by Southern Water, or even Kent County Council. They belong to a massive Australian asset management firm that most of us ha...

The friend who has to cancel plans to look after their elderly mum. The colleague who leaves their phone on loud so they don’t miss a call about their disabled child. The neighbour you’ve barely seen since their partner’s diagnosis. We’re surrounded by people who are dealing with the challenges of caregiving, but they often go unseen. According to Carers UK, there could be over ten million people...

As the chancellor stood up in Parliament to present his spring budget in March, half a million people went on strike to demand better from their bosses. Teachers, junior doctors, Tube drivers, civil servants and more all walked out of work, in the biggest day of strike action in over a decade. As the strikes rumble on into another summer, how can workers keep up the momentum? Will new legislation...

Nurses struggling without PPE, the frantic search for hospital ventilators, even the dreaded ping from NHS test-and-trace. To most of us, these memories represent some of the worst of the Covid pandemic. But for a select few companies, they were an opportunity to make millions. Consultancy firms won over seven hundred million pounds worth of government Covid contracts to do things like run the tes...

You can’t paint your walls, you can’t have a pet, you can’t guarantee you’ll have somewhere to live in six months time. Millions of us are paying sky-high rents but struggling to make a home in a housing system where safety and security takes second place to landlords’ profits. Some private tenants face mould and broken boilers but daren’t complain. According to Shelter, complaining to your landlo...

On a sunny day in January, a ghostly figure covered in green ribbons appeared on a moor in south-west England. It was a person dressed as Old Crockern, the guardian spirit of Dartmoor. He was greeted by 3000 people who had gathered to protest a court ruling that took away the right to wild camp in the area. It was the biggest countryside access protest in living memory. The ruling reignited a long...

Last year the UK had three different prime ministers, four different chancellors and five different housing ministers. Nicola Sturgeon, Scotland's first minister for close to a decade, recently announced her resignation - and it’s not clear who will replace her. British politics now seems to be permanently tumultuous. And with a general election peeking over the horizon, political parties are gear...

Note to listeners: this episode was prerecorded in September 2022. Over the last five episodes we’ve looked at how the UK is being torn apart. Our economy is built on huge inequalities: between working people and big business, between families and fossil fuel giants, between tenants and landlords, and between marginalised groups and law enforcement. Are such massive divisions in our society inevit...

Note to listeners: this episode was prerecorded in September 2022. This summer, on a small road in south-east London, a crowd of people prevented immigration officers from detaining a local man. Protestors sat on the ground in front of the van he was held in for hours, shouting “Let him go!”. From Pollokshields to Peckham, over the last couple of years we’ve seen how people can come together to ph...

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...

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,...

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...

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 go...

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 st...

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 crypt...

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...

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 fa...

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 coul...

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. ...

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 wit...

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...