Original Broadcast: Thought for the Week
Starmer's clarion call for the 2024 General Election was 'Change', somewhat different from Tony Blair's 'Education, Education, Education'. However, in contrast to Blair's delivery in Government, Starmer has got stuck in a morass of inaction, bogged down by the crisis in public finances and an unwillingness to tackle the big issues. The biggest of these is welfare spending, major changes to which former Chancellor Sir Jeremy Hunt recognises as the only way out of this dilemma. As we said on 26th May, it's time to call 'time' on 75 years of democratic socialism (and yes, let's remember that the Conservatives tacitly went along with this also). Background music: 'Taking in The Changes' by Everet Almond
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Original Broadcast: Thought for the Week
On 29 August 2023 our newsletter described the black hole of economics as its failure to recognise the opportunity to use the human life-cycle in order to empower new generations of disadvantaged young people with resources and life skills. Thanks to Cambridge University, we've now taken a major step forward with the Inter-Generational Rebalancing Conference, and it's time to plan the next stage as we move through research, education and advocacy on the journey towards implementation. Background music: 'Saving the World' by Aaron Kenny
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Original Broadcast: Thought for the Week
The direct nature of Pope Leo XIV's AI encyclical took some of his colleagues by surprise: as an AI expert Franciscan friar who has advised the Vatican says, ‘Papal documents usually speak in principles; this one names the structural problem — computational power is concentrated in the hands of a few private actors who answer to no democratic process’. The jury is still out on the impact of Artificial Intelligence on human employment, but a cartoon from Private Eye (see our commentary webpage) resonates closely with Standard Chartered's announcement that it will use AI to replace 'lower-value human capital', with about 7,800 back-office roles to be cut by 2030. Background music: 'The New Order' by Aaron Kenny. Image source: Wikipedia
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Original Broadcast: Thought for the Week
There has been a spate of reports on youth unemployment recently, and Alan Milburn will warn of 'a generational, societal and economic catastrophe’ if we don't recognise that the welfare state was built for a different era, and must now change. The impact of such substantial debt, in both personal and public contexts, of Artificial Intelligence and the pervasive influence of social media present real challenges for young people. David Willetts set out the scale of the challenge at Share Alliance's Inter-generational Rebalancing Conference, and Professor Sir Julian Le Grand put his finger on the huge change in mindset that's required. It will require much more than tinkering with Labour Party leadership to sort this out. Background music: 'Metamorphosis' by Quincas Moreira
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Original Broadcast: Thought for the Week
Journeys of hope move forwards, not backwards; they need to keep moving, not get stuck in a rut. They need to build progress as we go forward, by discovering more about human capability and understanding. In this context, we somehow need to tackle the major challenges necessary in order to focus on global, not just national or regional, problems. Looking back at European Union membership with rose-tinted spectacles won't help us make that transition. Background music: 'Hopeful Freedom' by Asher Fulero
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Original Broadcast: Thought for the Week
The collapse in electoral support for both Labour and the Conservatives shows the extent to which central governments have become a black hole for people's economic wellbeing by freezing tax thresholds, clinging on to universal (as opposed to targeted) welfare, and failing to address the gulf of opportunity which is holding back so many young people. It's time for politicians of all colours to reflect the need for all to see the opportunity for individual ownership and empowerment. Background music: 'Something Is Wrong' by Sir Cubworth
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Original Broadcast: Modern Mindset
Nearly six in every ten Britons say they’re worried about their financial future, and one in four have no savings at all. At the same time, new research suggests the public is looking back at past economic decisions with fresh scrutiny — with two-thirds now saying Gordon Brown made a mistake in selling off a large portion of the UK’s gold reserves. With gold prices now at record highs and economic uncertainty continuing, the question of how the UK manages its wealth and whether it got it wrong in the past is back in focus. Joining Rory McGowan to discuss this is Head of Research at GoldCore, Jan Skoyles.
Guests: Jan Skoyles
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Original Broadcast: Thought for the Week
Paul Johnson's new book, 'Challenging Inequalities', sets out graphically the barriers to opportunity for young people whose early years are spent in disadvantage and poverty. When Sir Keith Joseph referred to breaking the cycle of deprivation, he wasn't referring to negative impositions from central government but looking for ways to deliver individual opportunity in order to give everyone the chance to fulfill their potential in life. Background music: 'Everything Has a Beginning' by Joel Cummins
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Original Broadcast: This is Money
It's been a long time in the making and the idea has run through successive governments, but a new law to improve the life of those who rent their home has finally kicked in. Whether it's much-needed or much-feared depends on which side of the landlord fence you are on, but what's not in doubt is that the Renters' Rights Act is a massive shake-up. The assured shorthold tenancy system that has been the backbone of renting a home for almost forty years has been torn up and replaced with rolling contracts that tenants can get out of with two months' notice. Landlords, however, will find it much harder to get their property back, put the rent up, or even turn down pets. So, is this what the rental market needs, or is it likely to backfire as some property experts warn? With decades of experience of renting, covering the property market — and even helping with a family business that's involved in it — Georgie Frost, Helen Crane and Simon Lambert dig into the Renters' Rights Act. Plus, the Bank of England held interest rates — but could it actually need to raise them three times this year? And what's behind the rocketing number of 45p/£ taxpayers and why isn't it Rachel Reeves' fault? Finally, travel experts reveal where is still cheap to fly to for the summer; so do you fancy a holiday in Cork, Dortmund or that old Wags' favourite, Baden-Baden?
Guests: Helen Crane
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Original Broadcast: Thought for the Week
'Contemporary global inequalities are close to their early 20th century level, at the peak of Western imperialism': the World Inequality Report in 2022 laid bare the failure of the past one hundred years of socialism. It has failed to make any appreciable impact on wealth polarisation — in fact Russia has the highest wealth inequality in the world alongside Brazil, with a 'Gini Coefficient of 0.82. It's time to show how egalitarian capitalism can shift the dial. Background music: 'Missing Persons' by Jeremy Blake Image source: Wikipedia/Credit Suisse
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