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As Ukraine’s wheat exports grind to a halt and countries look to cut off Russian oil and gas imports to defund Putin’s war machine, inflation has spiked and pushed some countries to the brink. The UK is no exception with inflation reaching the highest rate in 40 years as fuel prices soar. 

After an underwhelming Spring Statement, Chancellor Rishi Sunak finally acted as pressure mounted to do more to help those most affected by the cost of living crisis. Now, the Government has announced the Energy Price Levy (windfall tax), long and loudly called for by Labour, and provided £15 billion of support, particularly to assist the poorest. However, with inflation rising and many predicting recession, are these support packages going to be enough? As minds turn to the Autumn budget and the looming energy price cap increase, what measures must the Government take to ensure stagflation is avoided, those who need support receive it, and businesses and consumers are prepared for greater economic pain? 

This episode of Bright Blue TV will see former Secretary of State for Education, the Rt Hon Justine Greening, Associate Director of the Joseph Rowntree Foundation, Helen Barnard, Economics Correspondent for The Guardian, Richard Partington, and Head of Research for the Adam Smith Institute, Daniel Pryor, explore these questions, with Bright Blue’s Senior Research Fellow, Phoebe Arslanagić-Wakefield, as host.

Date:

Friday 10th June 2022, 12:00pm – 12:30pm

Q&A:

Attendees can submit questions, before or during the event, via Slido here or by using the code: #bbtv

Location:

To watch the livestream, simply click here. Subscribe to our YouTube channel to make sure you don’t miss any future Bright Blue TV episodes.