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Paul Johnson

πŸ‘€ Speaker
287 total appearances

Appearances Over Time

Podcast Appearances

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

I mean, some of these things are really small.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

And the expensive things like not increasing fuel duty is very poorly targeted.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

Well, targeting has its own problems, of course.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

I mean, we do lots of targeting in the sense that we have about Β£100 billion of working age welfare, most of which is targeted at people who are either on low incomes or who have health problems.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

That's a very big...

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

targeted amount of spending.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

And that has its issues in terms of work incentives and other behavioural effects.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

But when you're looking at energy use, one of the problems government has or has had up till now, and they've been explicit, they still have this problem,

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

is we don't know the link between people spending on energy and their income.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

So we know people's incomes through the sort of tax and welfare system.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

And we know how much people are spending on energy through their energy bills.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

But the two are not connected.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

And one of the reasons why we spent such a vast amount last time round, because government frankly could think of no way

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

of making this uh more targeted than it was now there are some indications that maybe five years on they've just about worked out how to do it but also um very explicitly the treasury was saying earlier in the year that they were not yet able to make that connection now one of the things i have to say without sort of saying i told you so one of the things i did say back in 2022 was okay maybe there's nothing better we can do this time but it's worth spending like a billion pounds

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

trying to work out how to do this better so that next time it happens, we can save tens of billions.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

I don't really know the answer to that.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

I mean, there's a huge bureaucracy.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

You're really getting me into nerd mode here.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

There's a huge bureaucracy around using data effectively within government and outside it.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

as head of the Institute for Fiscal Studies, people used to ask me quite often, what's the hardest thing?