Emergency Budget Special with Nigel Farage
Disruptors
Rob Moore
4.8 • 1.4K Ratings
🗓️ 1 November 2024
⏱️ 55 minutes
🧾️ Download transcript
Summary
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Former MEP and Reform UK leader Nigel Farage dissects Rachel Reeves' recent "doom budget" with Rob. From shocking revelations about portraits in Number 11 to predictions about Trump's comeback, Farage doesn't hold back. Rob and Nigel talk economic policy, gold investments, the exodus of UK entrepreneurs, and the concerning direction of British politics. With personal thoughts from them both, including surviving near-death experiences and candid observations about Gen Z, this episode offers both critical analysis and hope for Britain's future!
NIGEL FARAGE REVEALS:
- That the Labour's budget includes a 40 billion increase in taxes!
- Labour’s tax yield expectations are overly optimistic, as wealthy individuals increasingly relocate to places like Dubai and Monaco.
- The national debt has risen from 1 trillion to 2.7 trillion under Conservative rule, with annual interest payments exceeding 80 billion pounds.
- There's a significant surge in UK citizens buying gold, with firms reporting their busiest month in history even before the budget announcement.
- The civil service has expanded by 600,000 people since the Conservatives came to power, despite their supposed support for small government.
- Gen Z shows promising signs of ambition and energy, unlike millennials, and could be the generation to drive a political revolution.
- That Trump is likely to win the next election. Nigel spoke with Trump recently and witnessed his incredible work ethic and energy.
- The UK tax code is now 21,000 pages long, making it the most complex tax system in the world.
BEST MOMENTS
"I spoke in the debate and I said, politically clever, but economically illiterate and I did ask who was doing the sums? Was it Diane Abbott?"
"We are getting poorer. The correlation is very interesting the faster the population rises through mass unskilled immigration, the poorer the whole community gets."
"2.8 million people now on disability benefit. Many of them because on a Zoom call with a doctor, they've said they're feeling depressed."
"I've not met anyone in sport, in politics, in business, in media, I've not met anybody in my life who's become a real success that hasn't worked incredibly hard and probably harder than everybody else in their field."
"These essential things that are freedom of choice. They're all under attack. It's one of the reasons Bitcoin is doing as well as it is. And gold. Gold is wow. What a budget for gold."
"Do we not understand that the world is changing, that there are incredible things happening in Dubai, other parts of the Middle East?"
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ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
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Transcript
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| 0:00.0 | So Nigel, what's the biggest thing that shocked you in the budget? Did any of it shock you? |
| 0:06.0 | Well, it was always going to be the doom budget, wasn't it? Because Kirstama had given this address a few weeks ago. |
| 0:11.5 | The, as I called it, things can only get worse. Speech. |
| 0:15.8 | Quite what do you think is he's doing to business confidence? I don't know. |
| 0:19.5 | It was, I mean, obviously, having for the last 45 years been fascinated by budgets |
| 0:25.6 | because of, you know, my life in the commodity markets and current affairs and politics and media, |
| 0:31.7 | and to actually sit in my chamber for it was that in a way was quite a privilege. |
| 0:35.8 | Politically, it was clever, very clever. |
| 0:38.6 | There were things like, oh, we're going to give half a million pounds to potholes. |
| 0:42.0 | Well, everyone goes, yeah, yeah, yeah, you know, we need that. |
| 0:45.2 | Not raising, not raising the fuel escalator. |
| 0:49.2 | Things like the fuel escalator not being put back on. |
| 0:52.0 | 15th year in a row, it's been frozen. 37 million plus car |
| 0:55.5 | drivers in the country, politically quite clever, especially as everyone thought they were |
| 1:00.6 | going to put another 5p a tank on petrol and diesel. The Scottish stuff was genius. |
| 1:06.0 | I was genius. You know, more money from central government to Scotland than ever in history. |
| 1:13.6 | The SMP was sitting in front of me and they had a rotten afternoon. So on all of that stuff, it was clever. |
| 1:16.6 | I think what we hadn't perhaps realised is just how ideological Reeves and Stama are. |
| 1:23.6 | These guys are way to the left of how they portrayed themselves at the general |
| 1:28.1 | election. So more left than people think they are left. Oh yeah. And you've only got to look |
| 1:33.2 | at the portraits in number 10 and 11 that they've taken down and put up to realize this. So Nigel |
| 1:38.7 | Lawson's portrait's gone to be replaced by a woman who was a founder member of the Communist Party |
... |
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