New Economics Podcast

Last week saw a record number of the world's elite flying their private jets to Davos for the World Economic Forum. Oxfam reported that in the 10 years since the financial crisis, the number of billionaires around the world has nearly doubled. It’s fair to say, the economy isn’t working for everyone. Every week on this podcast we look at a different economic problem and how to solve it, but what i...

Two years ago, nurses and doctors warned that the annual NHS winter crisis was now 'the new normal'. In the cold weather, hospitals were overwhelmed by patients that they did not have the space to treat. But we've had a milder winter this year. Is the same true for the health service? Two weeks ago, the prime minister announced a new 10 year plan for the NHS in England, promising ‘world class’ car...

Grace Blakeley argues the case for 'Lexit' (a left-wing exit from the European Union) while Laurie Macfarlane thinks 'Remain and Reform' is our best option. With a vote on the Prime Minister's deal imminent, what are the options? Paul Mason recently described Lexit – the leftwing case for Brexit – as a political fantasy, but is there still a progressive case for leaving the EU? Was there ever one?...

Can populism be progressive, and what role did it play in the US mid-terms this year? We’ll be back with a brand new series in the new year, but in the meantime we wanted to bring you something a bit different: the best bits from a live event hosted by the New Economy Organisers Network in London in November about progressive populism. The guests were the political theorist Chantal Mouffe, who lit...

We’ve just had a few days of respite from the craziest temperatures, but this summer’s heatwave has felt unusual. Parks turning to dust and reservoirs running out. Record temperatures and sweeping fires. It feels as though, this summer, we’ve had a glimpse at what our ‘new normal’ might look like. It’s a disaster on a global scale and it’s been taking hold for some time. So why aren’t we in a pani...

Last week the Bank of England moved interest rates to their highest level in almost a decade. If you’ve got a mortgage, it might get more expensive. If you’ve got savings, you might get a bit more interest on your money. Does this tell us anything about what the Bank of England thinks is going to happen to the economy? And was it the right decision? Ayeisha Thomas-Smith speaks to Alfie Stirling, h...

Jeremy Corbyn and Donald Trump; Erdogan in Turkey and the Five Star Movement in Italy; Podemos in Spain and Rodrigo Duterte in the Philippines. All of them have been described as populists. But what does ‘populism’ actually mean? How can it include people with wildly different ideologies under the same umbrella? Is it possible to be a progressive populist – and even if it is, should progressives u...

There are troubling signs that the new data-driven economy is inheriting all the same problems as the old one: power imbalances, monopolies and a lack of accountability. How gloomy should we be? Will technology inevitably lead us to a digital dystopia? Or could there be a whole range of potential futures, some of them shiny and welcoming, others dark and scary? Hanna Wheatley is joined by New Econ...

In between the resignations and the reshuffles, what have we learned about about where Brexit will go next? Much of the focus has been on the response to the deal the prime minister reached with her cabinet at Chequers, but what was in the deal itself? How practical is the government’s position on Brexit? And what are the alternatives? Ayeisha Thomas-Smith is joined by Marley Morris, senior resear...

Is British shopping in crisis? Major names are struggling or closing down, nearly 22,000 jobs are at risk, and the UK now has an estimated 1,800 fewer high street shops than it had a year ago. Are we all just moving online and shopping from our sofas, or is this a sign that our economy might be in deeper trouble? Does Brexit have anything to do with it? Will Greggs be okay? Ayeisha Thomas-Smith is...

One of the most fashionable economic ideas of the past decade has been ‘nudge’ theory – the idea that a little prod from government can encourage us to change our behaviour and be better citizens, maybe without even realising it. Meanwhile, good old-fashioned regulation seems to have been decidedly out of favour with recent governments – and leaving the market to just do its thing isn’t all that p...

Happy birthday, NHS! That was the message from the prime minister last week, as she announced an extra £20bn of funding for the NHS in England by 2023. But is that enough? And where will the money come from? There’s been talk of a ‘Brexit dividend’ – does that mean the infamous battle bus promise has come true? Or will some of us have to pay more tax to keep our NHS on life support? And whatever h...

The fire at Grenfell Tower a year ago last week was, above all, a tragedy for its residents, their friends, and their families. It’s also come to symbolise a deeper crisis in British society – at least in the eyes of many people. On this week's podcast, we’re giving you an update on what we’ve learned since that night; what the inquiry has heard; and the shifting national conversation about Grenfe...

Papers destroyed by the Home Office. Forced out of work. Denied cancer treatment. Held in detention. Deported. Those are just a few of the terrible stories we’ve heard about the treatment of the Windrush generation over the past few months. We’ve had a change of Home Secretary, but will there be a change in policy? The government set up a ‘Windrush taskforce’ in April – but will it right these wro...

Universal basic income – an idea that almost no one had heard of just a few years ago – is now one of the most fashionable concepts in progressive politics. With automation increasing and wages stagnating, the theory is that giving everyone a set amount of money each year will liberate them to do what they want with their lives – and keep them out of poverty. But some people think universal basic...

A nerve agent attack on an ex-Russian spy and his daughter in Salisbury has led to a retaliation by the UK government – expelling diplomats and ramping up a war of words. With Putin winning another huge election victory last week, some people are worried that we’re entering a new Cold War. Meanwhile, UK gas supplies have run low thanks to the recent winter freeze. What if Russia were to switch off...

It’s one of the biggest contradictions in British politics. Across the country, baby boomers who own a house cheer as the value of their property rises. Meanwhile their millennial children watch on in horror, as owning their own home increasingly falls out of their reach. Politicians talk about building more homes but very few of them talk about directly reducing house prices. If house prices are...

Universities up and down the country have been shutting down as lecturers have walked out, arguing that the changes to their pension schemes could leave them thousands of pounds a year worse off in retirement. If you don’t know the difference between your defined benefits and your defined contributions, getting your head round the issues can feel like doing an economics PhD before you’ve done your...

As the Guardian's US correspondent, Gary Younge documented America’s social and economic challenges, the role of race in the country’s politics, and the deadly consequences of US gun laws. Now the Guardian’s editor-at-large, Gary took an unusual approach to covering the 2016 presidential election, reporting from one small town in Indiana, called Muncie, nicknamed ‘Middletown, America’. In this wee...

Technology is transforming the world of money. Or at least that’s what the Bitcoin junkies would have you believe. They say digital currencies have arrived and are about to revolutionise the way we buy things. But recent downturns in their prices have led some to wonder whether digital currencies have fuelled a dangerous speculative bubble that needs to be curbed by regulators. Is the Bitcoin boom...

There's been a panic in the stock markets in recent weeks after the Dow Jones plunged more than 1000 points on a single Monday in the first week of February. When the stock market plunges should we all be worried? Or does it only affect those wealthy enough to be trading? This week, Ayeisha Thomas-Smith is joined by Frank van Lerven, NEF economist, and Anna Isaac, economics correspondent at The Te...

Brexit dominates the news agenda. But with all the talk of the single market, impact assessments and trade deals, it sometimes feels as if this debate is only happening in the comment pages of newspapers, or the corridors of Westminster. What happened to the people? The Weekly Economics Podcast is back with a special episode: a discussion we recorded live in London at the end of 2017, between poli...

Chancellor Philip Hammond got out his red box out again last week, to let us know how the country's finances are – or aren't – holding up, and what the Government's going to be doing with its money this year. The headlines were mixed, so what should our take-away be? Will the Chancellor's proposals be enough to make our economy "fit for the future"? And with Brexit looming, is the Government doing...

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 m...

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 job...