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

About this episode

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. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 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 Alm