4.6 • 157 Ratings
🗓️ 7 June 2024
⏱️ 26 minutes
🧾️ Download transcript
Mortgages, tax, and cost of living: Is this an election on the economy? Podlitical sits down with BBC Scotland Business and Economy Editor Douglas Fraser, and Mairi Spowage, Director of the Fraser of Allander Institute at the University of Strathclyde, to discuss the economy and the role it's playing in the general election. How much of our current economic situation is down to internal decisions like taxation, mini-budgets, and Brexit, or external forces like the pandemic and the war in Ukraine? What routes are there for parties to improve the economy, and what challenges will the next UK Government face? The team examine what we know so far about the economic plans being pitched to the electorate.
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0:00.0 | BBC Sounds |
0:02.0 | You're listening to BBC Scotland |
0:10.2 | Hi, you're listening to Podlitical BBC Scotland's podcast that brings you an inside look |
0:17.1 | at the big stories coming out of Hollywood and the Westminster election campaign. |
0:21.5 | For full disclosure, it is currently about half-past two on Thursday the 6th of June, although |
0:26.3 | that may well be yesterday to you at best, because we are recording two episodes back to back |
0:30.4 | today. Anyway, I am Phil Sim, I'm a journalist based at the Scottish Parliament, and today |
0:35.3 | I'm joined by Douglas Fraser, Business and Economy |
0:38.4 | Editor at BBC Scotland. Mary Spowage, the director of the Fraser of Allender Institute at Strasclade University. |
0:45.0 | You may have guessed from this guest list that we are going to talk about the economy today. |
0:49.1 | It's always a hot election topic but I think particularly so at this point in history. |
0:53.2 | I mean, Mary, can we come to you first, actually, just for some of the broader economic |
0:57.2 | context of this election, because the Tories called it, you know, in part because |
1:02.5 | inflation was falling. |
1:03.8 | But I don't, does it feel like people are actually feeling that in their household budgets |
1:07.6 | right now? |
1:07.9 | Are people feeling that in the pocket in real life? |
1:12.0 | Not particularly. |
1:19.6 | All of the data we're seeing from surveys of the Scottish population suggests that people are feeling very stretched. And one of the reasons is that although inflation has come down to |
1:25.5 | sort of normal levels, you know, it doesn't take away from the fact |
1:29.5 | that prices have risen considerably over the last few years. You know, and food prices, for example, |
1:36.0 | are considerably higher than they were a few years ago. Just because inflation's normal, |
... |
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