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The Peter McCormack Show

PMQs #001 - Inflation Is A Crime

The Peter McCormack Show

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.82.7K Ratings

🗓️ 19 November 2025

⏱️ 51 minutes

🧾️ Download transcript

Summary

In this solo episode, Peter breaks from the usual interview format to deliver an honest take on the state-of-the-nation. 

From the collapse of political discourse to the rise of Reform and the Greens, from inflation's hidden wealth transfer to why young people are turning to socialism, Peter lays out the British Doom Loop - how taxes, stagnation and inflation keep feeding each other while the political class pretends everything's fine.

CONTACT PETE
› Website - http://petermccormack.com
› Feedback - https://www.petermccormack.com/contact
› Email - [email protected]
› Instagram - /mccormack555
› X/Twitter - https://x.com/petermccormack/

SPONSORS
› IREN - https://www.iren.com/
› Ledger - https://www.ledger.com/
› Gemini - https://gemini.com/
› Casa - https://casa.io/

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LISTEN / SUBSCRIBE TO THE PODCAST
› Apple Podcasts: https://apple.co/40ruY9K
› Spotify: https://spoti.fi/3Wc94Vu
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› YouTube: https://bit.ly/YouTube_PM
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FILMED BY CURTIS TAYLOR
› https://www.curttaylor.co.uk/
› https://x.com/curttayloruk/

EDITED BY CONOR MCCORMACK
› https://x.com/ConorM04

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Transcript

Click on a timestamp to play from that location

0:00.0

Hello, I'm Pete McCormack. This is going to be a very different show we're going to make today.

0:11.7

The other day, I made a show in my car. I got in my car. I was heading out to Amsterdam for a conference

0:16.7

and I was listening to a conversation on the way and I got a bit ranty about it and I made a video

0:22.4

in my car complaining about some of the things going on in the world, the things that I'm

0:26.5

seen, I just make zero sense to me. And so I talked about it with my son, Connor, who helps me

0:33.7

make this show. And he was like, Dad, let's just do it in the studio. Make a proper show. Talk at the camera. Talk to me. Tell people what you're thinking.

0:43.0

Because when we make this show in London, we're always driving into town. We drive home.

0:48.2

We spend, what, two hours con, there and back each way. We're talking about what's going on in the world.

0:54.9

And like most of the time,

0:56.7

I feel like we're living in this parallel universe

1:00.9

because I watch all these debates.

1:04.4

I watch what the politicians are saying.

1:06.3

And then we get into the car and we talk about it

1:08.4

and we're like,

1:09.3

this doesn't make any sense what the

1:11.4

hell is going on what the hell is going on what are they talking about and so either i'm stupid

1:18.1

or they're stupid but we said we're going to make the show um i'm going to talk about the things

1:24.6

i'm seeing what i what i think's going on in the world and then give me your feedback. This is the one time, I think, Connor, you're going to let me read the comments on this one, on you? Yeah, I'm going to read the comments on this one. If this is useful, we'll make loads more of them. And if it's not, then we'll just go back to interviewing people. But I am, I am, how do I put this? I am very worried about the political discourse in this country because I am, how do I put this?

1:44.9

I am very worried about the political discourse in this country because I am seeing politicians argue about policy.

1:53.9

They're arguing about ideas.

1:56.5

And when they're making these arguments about taxation or wealth taxes or immigration

2:04.9

most of them are skirting around the ideas that require a little bit of critical thinking

...

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