The London School of Economics and Political Science public events podcast series is a platform for thought, ideas and lively debate where you can hear from some of the world's leading thinkers. Listen to more than 200 new episodes every year.
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Reeves has all the wrong ideas
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Manage episode 516328565 series 2359878
Content provided by Steve Keen & Phil Dobbie, Steve Keen, and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Keen & Phil Dobbie, Steve Keen, and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
The UK Labour party has struggled to forge a recovery for the beleaguered economy. Rachel Reeves is intent on reducing the government deficit. Her first attempt involved increasing the National Insurance contributions made by businesses – in effect, raising a payrolls tax. In short, a reason for companies unsure about recruiting in a slow growth economy to err on the side of caution. Now, there’s talk of tax rises. Steve and phil talk about the impact on growth of added more to the consumer’s tax burden, and the impact it’ll have on money in circulation. Then there’s the confusing idea of increasing savings as though that’ll drive investment which will add to economic growth. That might be the case if the money was invested in new businesses, rather than inflating share prices and other financial instruments, which all deflect money from the real economy.
…
continue reading
Hosted on Acast. See acast.com/privacy for more information.
627 episodes
MP3•Episode home
Manage episode 516328565 series 2359878
Content provided by Steve Keen & Phil Dobbie, Steve Keen, and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Keen & Phil Dobbie, Steve Keen, and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
The UK Labour party has struggled to forge a recovery for the beleaguered economy. Rachel Reeves is intent on reducing the government deficit. Her first attempt involved increasing the National Insurance contributions made by businesses – in effect, raising a payrolls tax. In short, a reason for companies unsure about recruiting in a slow growth economy to err on the side of caution. Now, there’s talk of tax rises. Steve and phil talk about the impact on growth of added more to the consumer’s tax burden, and the impact it’ll have on money in circulation. Then there’s the confusing idea of increasing savings as though that’ll drive investment which will add to economic growth. That might be the case if the money was invested in new businesses, rather than inflating share prices and other financial instruments, which all deflect money from the real economy.
…
continue reading
Hosted on Acast. See acast.com/privacy for more information.
627 episodes
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