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New Economics Podcast

New Economics Foundation

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Award-winning podcast about the economic forces shaping our world, with Ayeisha Thomas-Smith and guests. Brought to you by the New Economics Foundation – the independent think tank and charity campaigning for a fairer, sustainable economy.
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The International Energy Agency has said that the world cannot develop any new oil and gas fields if we are to stop climate breakdown. Keir Starmer has promised that the UK will slash its emissions faster than ever before and his government is banning new licences to drill for fossil fuels in the North Sea. Drilling in the wild waters of the North …
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The Autumn Budget was the most significant since George Osborne implemented austerity in 2010. Rachel Reeves announced one hundred billion pounds for infrastructure, forty billion in tax rises and a whole host of policy changes, which she hopes will deliver Labour’s mission of national economic renewal. But what does an extra hundred billion pounds…
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By the time this episode comes out, the new Labour government will have been in charge of the country for one hundred days. So what do we know about how they’ll run the economy? Can they rescue our threadbare public services while promising a tight grip on government spending? And will their focus on growth deliver real change for those who need it…
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A few weeks ago, far-right rioters gathered outside a hotel hosting asylum seekers in Rotherham and tried to set it on fire. Across the country this horrific act of violence was replicated, as mosques, libraries and people driving home from work came under attack.But in the face of this racist and Islamophobic violence, people gathered to protest t…
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In the recent European elections, the far right won unprecedented gains. From the success of the AfD in Germany, to Le Pen’s National Rally in France, the elections saw nationalist and eurosceptic parties sweep up nearly a quarter of the seats in the European parliament.In the UK, the next general election is just days away. Voters will be heading …
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We live under an invisible ideology. It tells us that we are not citizens but consumers. That intervening in the free market compromises our freedom. That we are all millionaires-in-waiting - and if we are struggling to make ends meet, then we only have ourselves to blame. This is capitalism on steroids. But few of us can even identify the doctrine…
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In February, the prime minister warned that “mob rule is replacing democratic rule” in the UK. He encouraged police to take action on pro-Palestine protests which, he said, had descended into “intimidation, threats, and planned acts of violence”. Over 50 organisations responded by accusing this government of placing draconian restrictions on the ri…
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Three years’ ago, the Conservative Party celebrated their best local elections performance since 2008. But after last week’s local elections in England and Wales, the Telegraph called the results a “dire day” for the Conservatives.Now that the dust has settled, we’re taking a closer look. Local elections aren’t just about Count Binface and potholes…
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Almost three million people in the UK are unemployed and unable to work because they are ill or disabled. According to the right-wing media, these people aren’t nearly as unwell as they claim. Meanwhile a UN committee warned that disabled people in the UK are subjected to a “traumatising” benefits system. We have a social security system that’s bee…
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Britain’s favourite broadcaster David Attenborough once said: “Anyone who thinks you can have infinite growth in a finite environment is either a madman - or an economist.”But our political leaders don’t seem to agree. Both our major political parties have made growing the economy a key metric for their success in government.So what is economic gro…
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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 announ…
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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 c…
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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 …
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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 de…
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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 A…
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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 C…
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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 w…
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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 governm…
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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…
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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 pro…
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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 pe…
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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.…
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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 ye…
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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 l…
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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…
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