Who will pay the prices of war?

Oil is in short supply as the Middle East conflict continues. Donald Trump has told the UK to “build up some delayed courage, go to the Strait, and just TAKE IT.” Economist Duncan Weldon joins the podcast team to discuss what the government can actually do to respond to rising energy prices.

The message to consumers so far is keep calm and carry on as usual. But will this messaging hold – and, if not, how bad could things get – and how quickly? 

And finally: It’s a long time since we first heard about Universal Credit. But this major government project has, albeit a little late, nearly reached completion. Nick Timmins, author of a new IfG report on UC, takes a look at a troubled but ultimately successful – maybe – journey.