Festival of Economics 2024

Monday 30 September 2024 to Thursday 3 October 2024

Programmed by Richard Davies, Andrew Kelly, Ashley Lait, Xenia Levantis Sarah Smith and Romesh Vaitilingam

Asking economists and other experts and practitioners from around the world the key economic questions of our time.

A list of the 15 events - run across the course of the three-day Festival in venues around Bristol - is included below with links to audio recordings. We have also published summaries of each of the day's sessions by our writers-in-residence:

#economicsfest: How can lessons from the past help to improve our economy? by Bethan Staton (Financial Times)
#economicsfest: How can the UK’s new government kickstart the economy? by James Fransham (The Economist)

MONDAY 30 SEPTEMBER 2024

Bank of England Citizens' Panel

1745-2000, Monday 30 September 2024 | City Academy, Bristol

A one-off live event that offers the opportunity to meet Bank of England staff and share views on the economy and how it is affecting you, your spending and your plans for the future. Chaired by Romesh Vaitilingam, Economics Observatory editor-in-chief.

TUESDAY 1 OCTOBER 2024

The Tyranny of Nostalgia: Half a Century of British Economic Decline

1030-1130, Tuesday 1 October 2024 | Watershed, Bristol

An 'in conversation' with Bethan Staton (Financial Times) and Russell Jones as Jones introduces his book The Tyranny of Nostalgia: Half a Century of British Economic Decline. He describes and interprets the economic and political history of the past half a century, examining the challenges confronted by successive governments and their Chancellors, the policies employed for good or ill, and – running through it all – the desperate search for a panacea that could arrest the nation’s relative decline and return the country to its supposed former glories.

Buy Russell Jones’ The Tyranny of Nostalgia: Half a Century of British Economic Decline now from Bookshop.org.

Listen to audio recording here.

Under-performing: How can we boost Britain’s low productivity?

1200-1315, Tuesday 1 October 2024 | Watershed, Bristol

UK productivity has been sluggish since the 2007-09 financial crisis. Our expert panel debates the causes of the UK’s productivity stagnation and consider potential policy solutions. This session explores the extent of the challenge and to discover how boosting investment, improving education and training, exploiting technological innovation, and changes in regulation could help address the UK’s productivity puzzle.

Chaired by Sam Fleming (Financial Times, chair), with Katy Riddington (National Composites Centre), Dariush Sokolov (Unite), Judy Stephenson (University College London) and Bart van Ark (University of Manchester and Productivity Institute).

Listen to audio recording here.

How can we build a sustainable planet?

1345-1500, Tuesday 1 October 2024 | Watershed, Bristol

Our expert panel discusses the intersection of economic growth and sustainability – in the context of escalating environmental challenges. This session explores how economic policies can drive sustainable development and create a future where our planet is protected. As the world grapples with the dual challenges of economic progression and environmental preservation, it is imperative to understand how economics can be leveraged to foster sustainability.

Chaired by Gavin Jackson (The Economist, chair), with Ed Atkins (University of Bristol), Amy Coulthard (EnTrade, Avon Bristol Catchment Market), Jo Michell (University of the West of England), Claire Pearce (Real Growth).

Listen to the audio recording here.

(Not) Moving on up: How can we increase social mobility?

1530-1645, Tuesday 1 October 2024 | Watershed, Bristol

The notion of social mobility has been a cornerstone of UK policy for decades. Despite this, we have been witnessing a significant decline in the potential for young people to transcend their family backgrounds in their life outcomes. Our expert panel unpicks the policy interventions needed to ensure equality of opportunity, for individuals, and long-term socio-economic prosperity, for the nation. This event considers the causes of the current social mobility slowdown to explore strategies to reignite social mobility across the whole of the UK.

Chaired by Mehreen Khan (The Times, chair), with Lou Davies (Bedminster Down School), Lindsey Macmillan (University College London and Centre for Education Policy and Equalising Opportunities), Suzanne Rolt (Arnolfini), David Sturrock (Institute for Fiscal Studies).

Listen to the audio recording here.

Legacies of Empire: What Britain needs to do

1900-2015, Tuesday 1 October 2024 | The Great Hall, Wills Memorial Building, University of Bristol

The British Empire has left an indelible mark on the UK economy. From the accumulation of wealth, through colonial trade, to the continued economic inequalities borne from imperialism and enslavement, this legacy remains a subject of significant debate and analysis. This event explores how historical practices continue to influence contemporary economic structures, opportunities, and disparities in the UK, and address what the country and institutions can do to help repair the legacy of empire and enslavement. Our panel of experts delves into the complex economic heritage of the British Empire, its legacies and issues of reparative justice.

Chaired by Anu Anand (BBC World Service, chair), with Bishnupriya Gupta (University of Warwick), Kojo Koram (Birkbeck University of London), Jessica Moody (University of Bristol) and Margaret Simmons-Bird (education consultant).

This event was sponsored by the University of Bristol Reparative Futures Programme.

Listen to the audio recording here.

WEDNESDAY 2 OCTOBER 2024

Great Britain? How We Get Our Future Back; and Growth: A Reckoning

1030-1130, Wednesday 2 October 2024 | Watershed, Bristol

Daniel Susskind, of King’s College London, and newly elected Labour MP for Swansea West and former Chief Executive of the Resolution Foundation, Torsten Bell discuss their recently published books focused on growth with Ruth Badru (University of Bristol). Bell presents a clear-eyed diagnosis of the problems facing our country, in his book Great Britain? How We Get Our Future Back; while Susskind provides a revelatory account of the past, present, and future of economic growth - and how we should rethink it in his book Growth: A Reckoning.

Buy Torsten Bell’s Great Britain? How We Get Our Future Back and Daniel Susskind’s Growth: A Reckoning now from Bookshop.org.

Listen to the audio recording here.

The kids aren’t alright: Tackling a legacy of child poverty, bad diets and poor health

1200-1315, Wednesday 2 October 2024 | Watershed, Bristol

The next generation faces a unique set of health and social challenges. Our expert panel considers the pressing issues affecting today's young children, from educational disparities to declining health outcomes. This session brings together front-line practitioners, educators, and economists to consider the collaborative strategies needed to support and empower children and families and to create a more equitable and supportive environment for young people, ensuring they have the resources and opportunities to thrive.

Chaired by Phillip Inman (The Observer, chair), with Christine Farquharson (Institute for Fiscal Studies), Paul Mitchell (University of Bristol), Matthew Poulson (Barton Hill Academy), Hannah Woodhouse (Bristol City Council).

This event was supported by the Centre for Evidence-Based Public Services.

Listen to the audio recording here.

The first 100 days: Has the new government got its priorities right for kick-starting Britain?

1345-1500, Wednesday 2 October 2024 | Watershed, Bristol

The first 100 days of the new UK government serves as a barometer for Starmer’s economic and public policy aims. Our panel of experts debates the new administration’s first 100 days and considers what the initial priorities mean for the future. The session explores the strategic decisions, policy implementations, and economic measures taken during this critical period and what they mean for the long-term success of the country. Panelists review changes in economic and public policy, to explore how the new government’s actions set the stage for its term and how they might influence the UK's trajectory.

Chaired by Richard Davies (Economics Observatory, chair), with Gavin Kelly (Resolution Foundation), Stuart McIntyre (University of Strathclyde), Adrian Pabst (NIESR), Helen Simpson (University of Bristol).

Listen to the audio recording here.

Tim Harford: Cautionary Tales

1900-2000, Wednesday 2 October 2024 | The Great Hall, Wills Memorial Building, University of Bristol

Tim Harford returns to the Festival of Economics with a third live recording of his popular podcast, Cautionary Tales. We tell our children unsettling fairy tales to teach them valuable life lessons, but these cautionary tales are for the education of grown-ups – and they are all true. In his hit podcast Cautionary Tales, Tim Harford brings stories of awful human error, tragic catastrophes, daring heists and hilarious fiascos.

Podcast available soon.

THURSDAY 3 OCTOBER 2024

This Time No Mistakes: How to Remake Britain

1030-1130, Thursday 3 October 2024 | Watershed, Bristol

Will Hutton discusses his book, This Time No Mistakes: How to Remake Britain, with Irina Anghel (Bloomberg). The book highlights how the right and left have gone wrong over the course of the last century – and how we can remake a better Britain. Hutton argues that Britain's inability to invest in itself is at the heart of the country's problems and that the malevolent thread linking the grievous errors of the last forty-five years is the attempt to create the utopia of free markets and a minimal state.

Hutton's book reflects back on modern British history and political traditions from the First World War, via the Cold War, to today. He explores the ingredients that made for the success of the great reforming governments of the 20th century and discusses how these can be used to reform democracy going forward.

Buy Will Hutton’s This Time No Mistakes now from Bloomsbury.

Listen to the audio recording here.

Trading nation: How can we get Britain exporting again?

1200-1315, Thursday 3 October 2024 | Watershed, Bristol

Does the UK's future economic growth rely on exports? And if it does, what can we export to boost the country’s economy? Our panel explores the strategies and policies needed to help boost the British export market, which is increasingly service-based. This session examines the policies that could address barriers to international trade and enhance the UK's export performance. Key discussions cover the UK’s leading trade sectors and global contribution to research and innovation. The expert panel considers policy and regulatory solutions to drive Britain’s export growth and strengthen our global economic position.

Chaired by Irina Anghel (Bloomberg, chair), with Vince Cable (Former Secretary of State for Business and Trade), Emily Fry (Resolution Foundation), Joris Hoste (University of Cambridge), Andrew Varga (Seetru).

Listen to the audio recording here.

Beyond fair play: What would a fair society look like?

1345-1500, Thursday 3 October 2024 | Watershed, Bristol

In a time when social inequality and justice are at the forefront of public discourse, our panel examines a vision for achieving a more equitable society. In today’s rapidly evolving social and economic landscape, defining and achieving fairness is more important than ever. The event considers income equality, access to education and healthcare, and the role of government, institutions and civil society in fostering equity. Our expert panel examines innovative approaches and policies aimed at creating a society where opportunities and resources are distributed equitably, and every individual has the chance to thrive.

Chaired by Eshe Nelson (New York Times, chair), with Daniel Chandler (LSE), Paul Hufe (University of Bristol), Will Snell (Fairness Foundation) and Nyoaka Squire (Babbasa).

Listen to the audio recording here.

Global Britain: What is our role in the world?

1530-1645, Thursday 3 October 2024 | Watershed, Bristol

In a world of shifting alliances and emerging global powers, where does the UK fit in? Our expert panel tackles pressing questions about recent global events and geopolitical challenges, as well as the UK’s international influence, trade strategies, and diplomatic relationships. In a lively debate on the challenges and opportunities that define the UK’s future, our experts share insights on the key geopolitical events shaping the UK’s place in the world.

Chaired by Cerian Richmond Jones (The Economist, chair), with George Magnus (University of Oxford), Ian Mitchell (Center for Global Development) and Helen Thompson (University of Cambridge).

Listen to the audio recording here.

Inequalities – the Marshall Paley Lecture

1900-2000, Thursday 3 October 2024 | The Great Hall, Wills Memorial Building, University of Bristol

In this inaugural event, Sarah Smith OBE, Professor of Economics at the University of Bristol, introduces Professor Sir Richard Blundell CBE FBA, Ricardo Chair of Political Economy at University College London. He is Co-Director of the ESRC Centre for the Microeconomic Analysis of Public Policy at the Institute for Fiscal Studies (IFS).

Blundell discusses Dimensions of Inequality: The IFS Deaton Review, a programme of research that stepped back and asked: how are different kinds of inequality related, which matter most, what are the big forces that combine to create them, and what is the right mix of policies to tackle them?

The Marshall Paley Lecture was supported by the University of Bristol, School of Economics, where Mary Marshall Paley was the first woman lecturer.