Britain’s economy is heading for trouble. The government is running record levels of debt, growth has stalled, and no chancellor seems willing to make the hard choices. Michael Simmons writes the cover of the magazine this week. He discusses with Freddy Gray and Paul Johnson, former director of the IFS and provost of Queen’s College, Oxford.
// CHAPTERS
00:00 – Introduction
00:43 – Britain’s unsustainable debt
02:17 – Rachel Reeves’s tax plans
03:56 – Why spending never comes down
07:48 – The pensions timebomb
09:21 – Gilt yields and market jitters
11:26 – Landlords, housing and tax
14:02 – Should Labour raise income tax?
15:59 – Millionaires leaving Britain
17:45 – Stagnation vs crash
18:52 – Why a crash might be necessary
Credit to : The Spectator