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Best of the Spectator

Reality Check: Rory Sutherland: Britain isn’t working – here’s how to fix it

Best of the Spectator

The Spectator

News Commentary, News, Daily News, Society & Culture

4.4785 Ratings

🗓️ 18 November 2025

⏱️ 31 minutes

🧾️ Download transcript

Summary

Advertising legend and Spectator columnist Rory Sutherland joins Michael Simmons to explain why he thinks Britain’s economic problem isn’t income, tax rates or even inequality — it’s property, rent extraction, and a national belief that housing is the safest and smartest place to store wealth.



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Transcript

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0:00.0

Subscribe to The Spectator in our Black Friday Flash Sale and you'll get 12 weeks of the magazine, along with full access to all of our online content, for just £12. Not only that, but we'll also send you a bottle of Johnny Walker Black Label Whiskey worth £30 on the shops, absolutely free.

0:18.3

Hurry though, this ridiculously good offer, ends on the 1st of December.

0:22.6

Go to www.spictator.com.ukuk forward slash Friday.

0:30.5

I get the fact that I quite like to leave a few, you know, 100,000 or so to my daughters

0:34.9

because I invest a lot of money in bringing the buggers up in the I didn't give a shit about my niece, right?

0:42.3

Yeah.

0:43.5

You know, sorry, not enough DNA.

0:46.3

Not interested.

0:49.0

Hello and welcome to reality check.

0:51.6

Less spin, more stats.

0:53.3

I'm Michael Simmons, the Spectator's economics editor,

0:56.1

and today I'm delighted to be joined by the Spectators' Wikiman columnist

1:00.0

and advertising legend Rory Sutherland.

1:03.2

Hello, Rory.

1:04.3

Thank you for joining Reality Check.

1:07.0

Now, on the day we're recording this,

1:10.4

the Treasury are in turmoil again because for weeks

1:13.9

they've been heavily hinting that they're going to increase the rates of income tax. And now

1:19.7

they say they won't. I'm reluctant to get too much into the detail of it because when this

1:26.3

episode actually goes out into the

1:28.3

wild in a few days' time, it'll probably have all changed again. But just to start, as an

1:33.0

advertising man, what do you make of the Treasury's sort of advertising strategy for this budget?

...

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