What is CPI? Inflation statistics and how we can understand them
FAI economist Hannah Randolph is joined by Luke Michaelides and Phil Gooding from the Office for National Statistics (ONS) Consumer Prices team to talk about inflation statistics. We cover what measures of inflation are produced by ONS, how they differ, and recent developments in methodology and the data underlying the statistics. We end by discussing how inflation rates impact households and businesses. ParticipantsDr Hannah Randolph, Economics Fellow, Fraser of Allander Institute, University of StrathclydeLuke Michaelides, Branch Head, Consumer Prices Development and Subgroup Production, ONSPhil Gooding, Statistician, Consumer Prices Inflation, ONS Time stamps(1:00) What are the different measures of inflation produced by ONS? How do they differ?(2:25) What are the Household Costs Indices and what do they say about how inflation affects different groups? (5:25) What types of data are used to produce these inflation measures? (7:20) How have the methods of collecting data for and calculating inflation changed?(10:20) What do changes in the inflation rate mean for households and businesses? What should people keep in mind when they hear about inflation on the news?
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15:13
Quantifying Glasgow's Emissions Reductions: A Data-Driven Analysis from 2005 to 2022
(0:00) - Introducing the GEMINOA project - background and context(1:16) - Key findings:Glasgow's 46% emissions reductionNational grid decarbonisation impactSector-by-sector breakdown(3:32) - Local policy measurement challenges:(7:30) - Economic implications:(11:00) - Future outlook:GEMINOA project developmentsPolicy implicationsUpcoming research
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17:23
Big taxes, big spending: A first look at the UK budget statement
In our 100th podcast episode, FAI Director Mairi Spowage and Deputy Director João Sousa join economist Hannah Randolph to discuss what was announced in the UK budget statement and how it will affect Scotland. We also talk about whether OBR publications alongside the budget shed more light on the budgetary "black hole" left by the previous government, and whether or not this budget signals a significant change in UK fiscal policy. Participants Dr Hannah Randolph, Economics Fellow, Fraser of Allander Institute, University of StrathclydeProfessor Mairi Spowage, Director, Fraser of Allander Institute, University of Strathclyde Dr João Sousa, Deputy Director, Fraser of Allander Institute, University of StrathclydeTime stamps(0:20) How will the tax decisions taken in yesterday's budget affect people in Scotland?(9:10) How might the announcements yesterday influence the Scottish budget in December?(17:30) What has changed about the fiscal rules and what impact has it had?(29:50) Does this budget signal a change in the direction of UK fiscal policy?
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Rachel Reeves' first budget: What can we learn from historical budgets?
Deputy Director João Sousa joins FAI economist Hannah Randolph to discuss our expectations for the budget statement on Wednesday as well as what we can learn from past chancellors' first budgets and the role of the OBR in the budget process. To read more about past chancellors' first budgets, check out the details here: https://fraserofallander.org/publications/uk-budget-preview-3-first-budgets-of-post-war-chancellors/Participants Dr Hannah Randolph, Economics Fellow, Fraser of Allander Institute, University of Strathclyde Dr João Sousa, Deputy Director, Fraser of Allander Institute, University of StrathclydeTime stamps(0:20) What do other chancellors' first budgets tell us about what to expect in Rachel Reeves' first budget statement?(6:00) What historical budgets happened in similar conditions to the present and what can we learn from them?(10:24) How has the role of the OBR in the budget process changed over time?(17:20) What do we expect in the budget statement on Wednesday?
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Serving the Future: Reflecting on our hospitality research during Challenge Poverty Week
In this episode, Brodie Gillan is joined by Chirsty McFadyen, and Laura Robertson, who is a Research Manager at the Poverty Alliance. Brodie, Chirsty, and Laura discuss the Serving the Future project in the context of Challenge Poverty Week.Serving the Future is a three-year action research project working with hospitality employers and workers funded by the Robertson Trust. The project is seeking to understand, reduce and prevent in-work poverty and identify changes that could be made within the hospitality sector.You can find out more about Serving the Future here: https://www.servingthefuture.scot/You can learn more about the Poverty Alliance & Challenge Poverty Week here: https://www.povertyalliance.org/ ParticipantsBrodie Gillan, Assistant Economist, Fraser of Allander Institute, University of StrathclydeChirsty McFadyen, Associate Economist, Fraser of Allander Institute, University of StrathclydeLaura Robertson, Research Manager, Poverty Alliance Timestamps (00:47) What is Serving the Future?(03:06) What is Challenge Poverty Week and how does it relate to Serving the Future?(05:20) Why did we focus on the hospitality sector for this project?(07:20) What are the main challenges facing low-paid workers in the hospitality sector?(15:55) What conversations have we had with hospitality employers throughout the project?(22:31) What can listeners learn about in-work poverty?(27:02) What’s next for Serving the Future?
UK