Hello and welcome to Brokonomics. Now in this episode I thought I'd talk about something which is quite

topical. Things have been blowing up this week in the UK. It would be nice, wouldn't it, if we could

have some decent, competent governments in the UK. And we certainly haven't had that for very many

years and we definitely, most definitely don't have it now. Now I was, as we all were,

the Lotus Eater's rather keen to get rid of the Tories at the last election because they had

betrayed us on so many fronts, the massive levels of taxation, the astonishingly huge amount of

mass immigration, which they, and I'm not talking about the people on the boats,

that small fry, I'm talking about the legal migration. They just shipped people in with no

particular skills to put them on welfare. An astonishing betrayal and the taxes and the COVID,

you know, they did have to go. But we were certainly under no illusions that labour would be any better.

And they are demonstrating that quite ably at the moment by taking the low standards that

the jury's left for them and managing to be significantly worse than them. Now, spending has been far too high

for far too long. I told this story on the podcast last week, but prior to, prior to COVID,

I was looking at the financial situation and I wasn't a podcast or anything at that time. I was

just a general you know,

general chap on the street who knew a little bit about this stuff. And I was, I was thinking they've got to get a handle on this soon. Because basically, things weren't necessarily

that great before 2008. But after 2008 great financial crisis, everything began to spiral and get significantly

worse. We had David Cameron come in not too long after that, and he was talking about doing

austerity, cutting public sector spending. And contrary to the hype, they never did it.

And I remember having this argument with a new government minister that I knew.

And I was saying you appreciate that they're not actually cutting any government spending.

And it was like, I don't know what you're talking about.

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