Beyond the cost of living crisis
Analysis4 Juli 2022

Beyond the cost of living crisis

The Bank of England says inflation might reach 11 per cent this year. There are warnings that some people will have to choose between heating and eating.

But what does it mean for the whole economy when prices just keep rising? In the 1970s inflation in the UK led to prices and wages spiralling as workers fought for wages that would keep up with prices.

Those years were dominated by waves of strikes and social unrest as inflation became embedded in the economic system. The current situation is being exacerbated by Covid 19, the war in Ukraine and Brexit so is there anything that government can do to stop it? How bad could it get? And are the days of low inflation gone forever?

Reporter Philip Coggan talks to: Manoj Pradhan consultant at Talking Macroeconomics Andy Haldane, Chief Executive of the RSA and former Chief Economist at the Bank of England Jagjit Chadha: Director of the National Institute of Economic and Social Research (NIESR) Helen Dickinson, Chief Executive of the British Retail Consortium Ruth Gregory, Economist at Capital Economics Kenneth Rogoff, Professor of Economics at Harvard University

Producer: Claire Bowes Editor: Richard Fenton-Smith Production co-ordinators: Helena Warwick-Cross and Maria Ogundele Sound engineer: Neil Churchill

Avsnitt(389)

Profits Before Pay

Profits Before Pay

It may come as no great surprise that many of us have experienced a wage squeeze, while the cost of living has gone the other way, since the financial crisis of 2008. However, as Duncan Weldon, a seni...

20 Feb 201228min

Preparing for Eurogeddon

Preparing for Eurogeddon

Europe thinks the unthinkable - what happens if the Eurozone splits. What would happen to the banking sector, how would a new currency be put in place, can contagion be halted, and more fundamentally ...

13 Feb 201228min

Sheikh Rachid Ghannouchi

Sheikh Rachid Ghannouchi

Should the world fear the rise of political Islam in the newly democratic Middle East? The Arab Spring has thrust the ideas and ideology of one man into the centre of this crucial question. Before the...

6 Feb 201228min

Do Schools Make a Difference?

Do Schools Make a Difference?

The government's brought in new style league tables to help parents choose schools. But do we really know what makes a good school? And how far can schools really transform lives? Researchers have lon...

30 Jan 201227min

Capitalists Against the Super Rich

Capitalists Against the Super Rich

Are the champions of the capitalist system now turning against the super-rich? And if they are, what will they now do about it? In this week's Analysis, we meet leading figures of the centre right who...

23 Jan 201228min

Dead Cert

Dead Cert

Certainty: is the lust for it a sin? And if so, should politics fear for its soul? Michael Blastland makes a plea for policy makers to be less sure of themselves in "Dead Cert", originally broadcast ...

19 Dec 201128min

A Price Worth Paying?

A Price Worth Paying?

Banks are underwritten by the government in Britain. But should the taxpayer bail out so-called casino banks? In a programme previously broadcast on 1 February 2010 - Edward Stourton talks to the grow...

28 Nov 201128min

Robert H. Frank: The Darwin Economy

Robert H. Frank: The Darwin Economy

In 100 years time, Charles Darwin will be viewed as a better economist than Adam Smith, according to economics professor Robert H. Frank. In his new book 'The Darwin Economy: Liberty, Competition, and...

14 Nov 201128min

Populärt inom Politik & nyheter

motiv
p3-krim
spar
flashback-forever
rss-viva-fotboll
svenska-fall
rss-krimstad
aftonbladet-daily
rss-sanning-konsekvens
aftonbladet-krim
rss-vad-fan-hande
olyckan-inifran
dagens-eko
fordomspodden
rss-aftonbladet-krim
svd-ledarredaktionen
rss-frandfors-horna
rss-klubbland-en-podd-mest-om-frolunda
spotlight
blenda-2