Britain Is Broke

The David McWilliams Podcast

David McWilliams

News & Politics

4.5 • 692 Ratings

🗓️ 21 May 2026

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Britain is running out of money, in a currency it prints itself. We unpack the gilt market panic, Starmer's impossible bind, and why the UK is starting to look more like 1970s Italy than the country that invented modern finance.

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Transcript

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0:00.0	Quick heads up on the podcast today.
0:02.3	We're going to be talking about British credibility,
0:05.8	British economic credibility against a background of maybe yet another prime minister.
0:11.7	That would be seven prime ministers in 10 years in the UK political paralysis.
0:16.1	The gilt market's selling off.
0:18.1	Where does it leave the credibility of British economic policymaking.
0:22.4	So it's all London, it's all Britain, and it's all coming up in a couple of minutes.
0:26.1	And also we're going to be talking to Ibeck about what Irish businesses are seen
0:31.0	through the lens of Washington, London and Brussels.
0:37.7	Just before we start, I have a little bit of news from Docky.
0:41.4	We would like to congratulate Ramita Nevae,
0:44.5	whose brilliant documentary Gaza Doctors Under Attack
0:48.4	has just won a BAFTA for current affairs.
0:52.1	If you want to talk to, to see, to read, to listen to Ramita Navei, check her out at dokey
0:59.3	book festival.org.
1:02.1	To understand the economy, you have to understand human nature.
1:08.4	This podcast is powered by ACAST.
1:14.1	How you doing there?
1:15.4	It is time for the podcast.
1:18.1	And this podcast, John, is going to focus on the United Kingdom.
1:23.6	State of the place.
1:24.9	What's happening?
	...

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