#130: Unpacking UK's budget, innovation and investment with Vicky Pryce

Vicky Pryce is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR). She was previously Senior Managing Director at FTI Consulting, Director General for Economics at the Department for Business, Innovation and Skills (BIS) and Joint Head of the UK Government Economic Service. Before that she was Partner at the accounting and consulting firm KPMG after senior economic positions in banking and the oil sector. She has held a number of academic posts and is a Fellow and Council member of the UK Academy of Social Sciences, a Fellow of the Society of Professional Economists and a Companion of the British Academy of Management. She was until recently on the Council of the Institute for Fiscal Studies and is a member of the Advisory Board of the central banking think-tank OMFIF and of the Economic Advisory Group of the British Chambers of Commerce. She is also a Patron of the charities Pro-Bono Economics and Working Chance. Her books include: “Greekonomics: The Euro crisis and Why Politicians Don't Get It”; “It's the Economy, Stupid- Economics for Voters”, with Ross and Urwin; “Redesigning Manufacturing”, with Nielsen and Beverland”; and “Why Women Need Quotas” and "Women vs Capitalism”, was published by Hurst in November 2019. She is a frequent contributor to media broadcasts and debates on the economy and on the economic rationale for gender equality. She is co-founder of GoodCorporation, a company set up to advise on corporate social responsibility, is a Freeman and Liveryman of the City of London, was the first female Master of the Worshipful Company of Management Consultants and has been sitting on the City’s Members Diversity Working Party. We cover the following: 00:58 Overview of UK Budget and initial reactions 03:33 Post-budget market reactions and economic implications 06:37 Impact on businesses and investment 09:20 Technological advancements and productivity 12:54 Public services and long-term growth 22:07 Brexit and its ongoing impact 27:54 Training and apprenticeship levy 28:51 Diversity and inclusion in training 29:22 Supporting female founders 30:56 Investment in UK equities 34:52 Crypto, blockchain and CBDCs 44:47 Potential financial Shocks 48:38 Impact of US election on markets 51:28 Evaluating the success of the UK budget 52:42 Final thoughts. ***