Labour's big bet on economic growth

Labour's big bet on economic growth

Labour has been busy setting out its plans for the economy, and its pitch to potential voters, of no new income or wealth taxes. Instead, the essential improvements to public services will all be paid for through economic growth. But are the proposed policies to deliver this growth coherent? This prompts two questions: where will the growth come from, and where will the money come from to underpin the investment to deliver that economic growth? Labour is betting on a couple of things – housebuilding, including building on the green belt; and “green” investment and net zero for the power sector by 2030! Even the Conservatives’ ambition of 2035 is extremely tight. These policies will be against a very different economic background to that of the past 30 years of very low interest rates. With the current interest rate at 5%, the costs are much higher, presenting a whole new ballpark. Moreover, it is not at all clear where the money is going to come from for all the investment needed. This podcast looks at the reality behind Labour’s proposals

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Episoder(90)

Why can't we build infrastructure in this country?

Why can't we build infrastructure in this country?

Politicians have been seeking for decades to put right the infrastructure crisis in this country that is rooted not in a lack of ambition, but in deeper economic and political constraints. Building in...

15 Jun 15min

Crisis? What crisis?

Crisis? What crisis?

The International Energy Agency describes the current Iran conflict as the “biggest energy crisis in history”. While oil prices have risen sharply, they remain below the real highs of past shocks. How...

27 Mai 14min

Britain's negative-sum society

Britain's negative-sum society

The concept of a zero-sum game was fashionable in the 1970s. The idea was simple: competing interest groups, and especially unions, would fight for ever-bigger shares of the nation’s cake, and their g...

17 Mai 14min

No such thing as free electricity

No such thing as free electricity

There is no such thing as a free lunch, and there is no such thing as “free” electricity. What is true is that there are going to be days in summer when supply exceeds demands and hence the value of e...

24 Apr 11min

Sticky plaster energy policy is falling apart

Sticky plaster energy policy is falling apart

Another day and another bit of sticky plaster is applied. With the highest industrial energy prices in the developed world, the government is increasing the number of companies that will get a bit off...

20 Apr 15min

Gas prices, gas mistakes and gas policy

Gas prices, gas mistakes and gas policy

The news is very much about gas price shocks, but this is to misunderstand the fundamental difference between temporary shocks and long-term trends. Gas prices spike when major geopolitical events occ...

24 Mar 13min

Britain's industrial energy price crisis

Britain's industrial energy price crisis

Britain is facing a deep industrial energy price crisis, with many major industries collapsing or shrinking because UK electricity costs are among the highest in the world. Recent closures—from refine...

17 Mar 15min

The energy security gap

The energy security gap

The International Energy Agency, at its recent ministerial meeting (Feb 18th/19th), agreed on one top priority: energy security. Hybrid warfare, cyber-attacks and the ease with which modern energy inf...

24 Feb 15min

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