#167 - Andrew Lilico - Britain Is Poorer Than The Poorest US State

Britain is now poorer than the poorest American state and economist Andrew Lilico says a full-blown fiscal crisis is coming within ten years. He explains how Britain broke itself, why the political establishment lost its faith and the £180 billion in spending cuts he believes should be the baseline, not the radical option.Andrew Lilico is Executive Director of Europe Economics and Chairman of the IEA Shadow Monetary Policy Committee. He is one of Britain's most prominent economists and a regular voice on UK fiscal policy.- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -TIMESTAMPS:00:00:00 - Britain Is Poorer Than We Pretend00:01:17 - The Coming Fiscal Crisis00:02:48 - The Three Forms Of A UK Fiscal Crisis00:05:00 - How Britain Betrayed A Generation00:09:11 - ONE Oligarchy Or Competing Ones00:13:06 - The 20-year Loss Of Coherence In British Politics00:15:00 - Why Politicians No Longer Trust Voters00:17:56 - When The System Broke00:19:42 - Short-Termism And The Death Of Economic Justice00:22:34 - WHO Actually Runs Britain00:25:00 - Bank Of England Independence And Its Hidden Cost00:30:00 - Do We Need An Anti-establishment Movement?00:33:00 - Why Reform Is Diluting Its Own Message00:40:00 - £180 Billion In Spending Cuts00:43:13 - The Bank Of England Back Under Political Control00:44:05 - The "Surrealist Game" Of Inflation Targets00:50:00 - Is It Really The Voters' Fault?00:54:00 - What The Polls Are Telling US 00:55:30 - Is There An Optimistic Path Out Of This?01:03:12 - UK GDP Per Capita Used To Be Higher Than The US01:05:44 - What Britain Can Learn From Argentina01:10:35 - What Should An Ordinary Person Do?- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -CONTACT PETE› Website – http://petermccormack.com› Feedback – https://www.petermccormack.com/contact› Email – [email protected]› Instagram – /mccormack555› X/Twitter – https://x.com/petermccormack/CONNECT WITH ANDREW LILLICO› Twitter – https://x.com/andrew_lilico› Website – https://www.telegraph.co.uk/authors/a/ak-ao/andrew-lilico/SPONSORS› IREN - https://www.iren.com› Incogni - https://incogni.com/› Saily - https://saily.com/peter- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -LISTEN / SUBSCRIBE› Apple Podcasts: https://apple.co/40ruY9K› Spotify: https://spoti.fi/3Wc94Vu› Fountain: https://bit.ly/FountainPM› YouTube: https://bit.ly/YouTube_PM› Rumble: https://bit.ly/RumblePMFILMED BY CURTIS TAYLOR› https://www.curttaylor.co.uk/› https://x.com/curttayloruk/EDITED BY CONOR MCCORMACK› https://x.com/ConorM04- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Hosted on Acast. See acast.com/privacy for more information.