It takes Inflation of Billions to Hold us back

As 2022 kicks off with rising inflation, soaring energy bills and taxes set to increase, what sort of state is Britain’s economy in - and how bad are things for the Government? Another issue is levelling up, is it the answer to the Number 10’s problems? And as Liz Truss takes over the Brexit reigns, how will she be different to Lord Frost? The FT’s Economics Editor CHRIS GILES joins us this week. “Inflation means a lot of things for this Government, none of them good.” - GILES WILKES “Inflation is every bit as dangerous for Governments as unemployment because it’s so broad-based.” - GILES WILKES “The promise of higher wages is going to look a little thin.” - CHRIS GILES “This government has demonstrated a desire to loosen the purse-strings when it comes to public services, that means higher taxes.” - GEMMA TETLOW “Departments do seem to have an incentive in delivering levelling-up, but it’s not entirely clear what it is.” - GEMMA TETLOW “The most immediate issue in Liz Truss’s in-tray is the Northern Ireland protocol.” - JOE MARSHALL Presented by Bronwen Maddox with Gemma Tetlow, Giles Wilkes and Joe Marshall. Audio production by Alex Rees. Inside Briefing is a Podmasters Production for the IfG.  https://www.instituteforgovernment.org.uk  Learn more about your ad choices. Visit podcastchoices.com/adchoices