About this episode

Economist Andrew Lilico discusses Britain's economic decline and the impending fiscal crisis.

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 Pretend 00:01:17 - The Coming Fiscal Crisis 00:02:48 - The Three Forms Of A UK Fiscal Crisis 00:05:00 - How Britain Betrayed A Generation 00:09:11 - ONE Oligarchy Or Competing Ones 00:13:06 - The 20-year Loss Of Coherence In British Politics 00:15:00 - Why Politicians No Longer Trust Voters 00:17:56 - When The System Broke 00:19:42 - Short-Termism And The Death Of Economic Justice 00:22:34 - WHO Actually Runs Britain 00:25:00 - Bank Of England Independence And Its Hidden Cost 00:30:00 - Do We Need An…

People in this episode

Host: Peter McCormack

Guest: Andrew Lilico

Topics covered

• UK fiscal policy
• economic crisis
• political establishment
• spending cuts
• Britain's economy

Keywords

• Britain
• fiscal crisis
• Andrew Lilico
• spending cuts
• UK economy
• political establishment
• economic justice

Mentioned in this episode

Organizations: Europe Economics, IEA Shadow Monetary Policy Committee

Places: Britain, United States

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