Darren Jones MP, Carys Roberts and Lord Jim O'Neill join Sam and Ayesha to discuss whether the Tories are toast on the economy and what Labour's plans are and need to be to win and deliver.
Sam’s dichotomy in intro (increased public spending in a slow-growing economy needs higher taxes which slows growth) is too stark: there are ways to reform tax system that raise more revenue without hurting economic growth. Maybe a future episode on this with Paul Johnson and ... (Sam can perhaps think of another tax expert)?
Fascinating episode and central questions for incoming government. Pity that Darren Jones stuck to capital/current distinction and didn’t pick up O’Neil’s important proposal for more sensible fiscal rules with enhanced role for OBR. Incoming government will need game-changer move like the Brown-Balls independent central bank in 1997.