The Policy Fix

Nesta

Policy Fix is where Britain's smartest minds come to solve problems, not just debate them. While other podcasts focus on what's broken or the day-to-day ups and downs of politics, we focus on what works and how to make it happen. We move beyond the political headlines to focus on what works and how to make it happen. Hosted by Nesta, the research and innovation foundation, we explore bold ideas and radical thinking on policy that will drive our country forward. Join us to discover the bold ideas and radical thinking on policy that will drive our country forward.

Episodes

  1. 1 DAY AGO

    How to reform the UK's tax system

    The UK tax system has been described by experts as irrational, a mess and a nightmare. But what would genuinely reforming it look like - and why have successive chancellors ducked it for so long? In this first episode of The Policy Fix, Tim Leunig (chief economist, Nesta) and Helen Miller (deputy director, Institute for Fiscal Studies) break down the biggest structural problems in Britain’s tax system: the distortions created by how we tax employment versus self-employment versus dividends; the £80bn cost of VAT exemptions and why a flapjack is legally different from a muesli bar; why stamp duty is almost universally agreed to be a bad tax - and why it still exists; and whether wealth taxes are a serious policy option or an idea that sounds better than it works. They also debate what a reforming Chancellor should actually do: go big and bold, or chip away incrementally? And they end with one policy each that they’d push through if they were Prime Minister for a day. Sharp, evidence-based and surprisingly entertaining - this is UK tax policy for people who want to understand the real arguments. The Policy Fix is produced by Nesta. Timecodes: 00:00:00 Introduction 00:01:40 What's wrong with the UK tax system? 00:03:55 Why have chancellors avoided reform for so long? 00:10:11 The biggest structural problem: income, NI & dividends 00:13:12 The VAT chaos: flapjacks, gingerbread men & £80bn in exemptions 00:16:00 How to actually reform: what should a Chancellor do first? 00:22:49 Stamp duty & property tax: the case for abolition 00:27:04 Wealth taxes: effective policy or zombie idea? 00:31:44 Quick wins, capital gains & green/vehicle taxes 00:35:10 Political bravery: are politicians or the system to blame? 00:39:49 Expert commissions vs. the Chancellor acting now 00:43:42 One policy to transform the UK economy

    45 min

About

Policy Fix is where Britain's smartest minds come to solve problems, not just debate them. While other podcasts focus on what's broken or the day-to-day ups and downs of politics, we focus on what works and how to make it happen. We move beyond the political headlines to focus on what works and how to make it happen. Hosted by Nesta, the research and innovation foundation, we explore bold ideas and radical thinking on policy that will drive our country forward. Join us to discover the bold ideas and radical thinking on policy that will drive our country forward.