#182 - Julian Jessop - Big Government Broke the Growth Model

Julian Jessop joins me to discuss what has gone wrong with the British economy and whether the country can still turn things around.Julian argues that Britain’s problems are largely self-inflicted: weak productivity, high taxes, too much regulation, poor energy policy, a bloated state and politicians choosing popular policies over evidence. We discuss why the state has become too big, why the tax system is holding back growth, and why government intervention in housing, energy and the labour market is making people poorer.I also ask Julian about Reform, the Greens, Labour, the Conservatives, Makerfield, Liz Truss, Milei, the NHS, digital ID, Brexit, AI, free markets and whether Britain still has a path back to economic sanity.- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -TIMESTAMPS:00:00:00 - The State Got Too Big00:00:57 - What Went Wrong With Britain?00:03:16 - Productivity, Policy Mistakes and AI00:04:43 - Did Covid Make Government Too Powerful?00:06:25 - Is Democracy the Problem?00:08:10 - Vibe-Based Policy00:10:21 - Young People and the First Job Problem00:13:06 - Can Britain Turn This Around?00:15:36 - Protest Votes and Broken Politics00:17:29 - Reform’s Policies Under Scrutiny00:20:15 - The State Helps Big Business00:21:40 - Britain’s 90 Taxes00:23:03 - Thatcher, Liz Truss and Economic Competence00:26:20 - Why Free Markets Are a Hard Sell00:30:15 - Could Poland Overtake Britain?00:30:41 - Short-Term Politics and Weak Leadership00:39:46 - What Is Extreme Now?00:42:00 - Do Voters Understand the Trade-Offs?00:45:57 - Does Britain Need a Milei?00:48:24 - How Big Should the State Be?00:49:40 - Why People Defend the NHS00:54:01 - Why Government Tech Fails00:55:09 - Makerfield, Burnham and Reform01:01:49 - Restore’s Opportunity01:04:24 - What Gives Julian Hope?- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -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 JULIAN JESSOP› Twitter – https://x.com/julianHjessop› Website – https://julianhjessop.com/about/SPONSORS› IREN - https://www.iren.com/› LEDN - https://www.ledn.io/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.