#216 - Ross Clark - Britain is Bust & The Coming Sovereign Debt Crisis

The UK has accumulated £3.4 trillion in debt, and the interest payments alone now dwarf the national defence budget. Author and journalist Ross Clark argues that the nation is sleepwalking into a sovereign debt crisis that politicians refuse to acknowledge.

We discuss the brutal arithmetic of the public purse, detailing why standard political talking points - like taxing billionaires-are mathematical illusions that fail to address the core rot of uncontrolled state spending and collapsing public sector productivity.

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TIMESTAMPS:

00:00:00 - Print The Money, Get Hyperinflation

00:01:17 - Is Britain Bust Or Trading Insolvent?

00:02:57 - Whose Fault Is This?

00:07:24 - Taxing The Billionaires Buys Six Months

00:09:12 - How Bad Is The Debt Really?

00:12:07 - Perma-Stimulus

00:14:22 - No Party Has A Viable Plan

00:17:32 - What The Public Actually Thinks About Tax

00:19:21 - Three Choices On The Bond Market

00:24:02 - Where He Would Cut

00:25:33 - The Motability Scheme

00:29:03 - The Client State

00:30:06 - Austerity Never Actually Happened

00:34:21 - Productivity Is Almost Everything

00:44:32 - The Chancellor's Oldest Trick

00:46:51 - The Wealth Tax Trap

00:50:03 - The 1976 Tribute Act

00:55:59 - What Liz Truss Got Wrong

00:59:18 - How Would You Know A Crisis Had Started?

01:04:38 - What Gives Him Confidence

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CONTACT PETE

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CONNECT WITH ROSS CLARK

› The Spectator – https://www.spectator.co.uk/writer/ross-clark/

› Substack – https://rossjonathanclark.substack.com/

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FILMED BY CURTIS TAYLOR

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EDITED BY CONOR MCCORMACK

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