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The Peter McCormack Show

PMQs #009 – Jenrick's Defection Changes Nothing

The Peter McCormack Show

Peter McCormack

Power, Politics, Government, Markets, News, Society & Culture, Technology, Society, Inflation, Finance, Bitcoin, Economics, Money

4.72.8K Ratings

🗓️ 19 January 2026

⏱️ 55 minutes

🧾️ Download transcript

Summary

In this PMQs episode, we discuss Robert Jenrick's defection to Reform and how it signals a political system that can only manage decline, not reverse it.

We discuss debt, inflation, incentives, and accountability - why every party borrows, why promises don't bind, and why voters are increasingly trapped choosing between different speeds of the same outcome.

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TIMESTAMPS: 00:00:00 – Britain in decline 00:01:33 – Jenrick defects 00:03:38 – Economic reality 00:06:01 – Same establishment 00:07:02 – Are we complicit 00:10:34 – Voting for decay 00:14:02 – Accountability problem 00:20:00 – Debt trap explained 00:30:40 – Political theatre 00:53:02 – Stop playing

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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

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0:00.0

It's time for the truth.

0:02.4

The truth.

0:02.9

The truth.

0:02.9

Britain has been in decline.

0:06.3

Britain is in decline.

0:08.4

That's also true.

0:10.2

From 1970 to 2007, real wages went down by one third every 10 years.

0:19.3

Since then, they flatlined. At the turn of the millennium, the average

0:24.6

Brit was earning more than twice as much as the average pole. By 2013, we're on track to be poorer.

0:36.3

Outside of London and the southeast, our economy is closer to Bulgaria's than to Germany's.

0:43.8

Today, 18 to 30-year-olds are the first Britons to earn less than their parents.

0:50.7

Jennerick, for whatever reason, has decided to quit the Conservatives and join reform.

0:55.3

We know that he needs to own his mistakes, right?

0:59.5

But he's a young...

1:00.1

Do you look at him and go, do you know, that Gemric, he seems like an authentic guy.

1:05.0

He seems like a stand-up guy, cares about this country and the community.

1:09.0

Or as he looked at the Conservatives and said,

1:11.8

oh, I'm the favourite to become leader

1:13.0

of a party that's dead.

1:14.8

How do I stay in politics?

1:16.1

How do I stay in politics?

1:17.0

Well, if I join reform,

...

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