How Should We Deal With the Debt Hangover? Panel Discussion
Our panellists explore how the economy might recover from one of the after-effects of the pandemic – increased debt.
Companies have borrowed from the government and the banks, businesses and households owe rent and mortgage arrears, and some people will have maxed out their credit cards to get by. How can the debt hangover be resolved, so those affected – and the economy – can recover and indeed ‘build back better’?
Arun Advani (Warwick), Kate Collyer (Financial Conduct Authority) and Gemma Tetlow (Institute for Government) are in discussion with the Independent’s Economics editor Anna Isaac.
Supported by
Our tenth Festival of Economics run Wednesday 17 – Friday 19 November 2021. It is co-programmed by Diane Coyle (University of Cambridge and Enlightenment Economics) and Richard Davies (professor of Public Understanding of Economics, Bristol University and author of Extreme Economies). You can see the full programme here.
Arun Advani is an Assistant Professor in the Economics Department at the University of Warwick. He is also a Research Fellow at the Institute for Fiscal Studies, a Visiting Fellow at the International Inequalities Institute, Research Associate of the CAGE Research Centre, Inequalities theme leader at the Warwick Brain Behaviour and Society GRP, and a member of the Skills and Productivity Board. He was a Commissioner at the Wealth Tax Commission. His work covers issues of inequality, tax design and tax compliance, with a focus on those with high incomes or wealth. He also works on issues of environmental taxation, economic development, migration, and tax in low- and middle-income countries. He is co-chair of the Discover Economics campaign, aiming to increase the diversity of people who study and work in economics.
Kate Collyer joined the Financial Conduct Authority in October 2019 as Chief Economist, and in March 2020 added interim Director of Competition to her responsibilities. As Chief Economist she heads the Profession, leading economists and analysts across the FCA to produce analytical output and push research strategy forward. As Interim Director of Competition, she is responsible for leading a wide range of competition work, including market studies and competition enforcement cases. She has worked in BEIS and at the Competition and Markets Authority (CMA) and has undertaken several senior roles in government, including Director of Economics at the Competition Commission and Deputy Director at the Cooperation and Competition Panel (now NHS Improvement). She has over 15 years’ experience working as an economist in roles spanning the public and private sector.
Anna Isaac is the Economics Editor for the Independent. She was previously the Trade and Economics Correspondent for Politico Europe and before that a reporter for The Wall Street Journal covering financial markets and covered economics and trade for The Telegraph with a focus on security and Brexit.
Gemma Tetlow is Chief Economist at the Institute for Government. The institute aims to improve the effectiveness of government through providing rigorous research and analysis, topical commentary and offering a space for discussion and fresh thinking. She joined the organisation in April 2018 and works across the institute’s programme areas. Between 2016 and 2018, she was Economics Correspondent at the Financial Times, reporting on and analysing economic developments in the UK and globally. Before that, she led the Institute for Fiscal Studies’ work on public finances and pensions. She has a PhD in economics from University College London.
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