UK DOOM LOOP. Starmer ignores economy
The Duran Podcast
The Duran
4.5 • 738 Ratings
🗓️ 30 March 2025
⏱️ 18 minutes
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Summary
UK DOOM LOOP. Starmer ignores economy
Transcript
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| 0:00.0 | All right, Alexander, let's talk about the state of the UK economy. |
| 0:06.6 | As Stammer is playing make-believe Churchill in Paris, |
| 0:12.7 | talking about how the UK is going to defeat Russia |
| 0:15.2 | and how the UK military is going to enter Ukraine, |
| 0:19.1 | we have a terrible situation that is happening in the UK with regards |
| 0:24.6 | to the economy. Stommer doesn't seem to be paying much attention to what is happening in the |
| 0:30.5 | economy, but things are getting very bad. What is the situation in the UK? I have never known a Prime Minister who has spent so little time on domestic and economic |
| 0:45.4 | questions, as Kirstehmann does, before the last couple of weeks,, the diplomacy over Ukraine started to crank up. |
| 0:58.5 | And before Starmat set up his coalition of the willing and all of that, even then, apparently, |
| 1:05.3 | he was devoting around half his time to foreign policy. |
| 1:10.0 | Now I suspect foreign policy is about the only thing he devotes his time to foreign policy. Now I suspect foreign policy is about the only thing |
| 1:13.5 | he devotes his time to. And I think the reason he's doing that is because he cannot face |
| 1:19.4 | what look like increasingly insurmountable problems close home, closer to home. Now, last year, basically the British economy flatlined. In January, |
| 1:33.8 | it contracted, which came as a shock to many people. There was expectations that the economy would |
| 1:39.6 | grow. Last year, last, in the autumn, if you remember, the government presented its budget. |
| 1:47.4 | It increased spending considerably, mostly by paying public sector workers. |
| 1:56.9 | It increased taxes. |
| 1:59.5 | And at the same time, it has committed itself to borrowing more. |
| 2:05.7 | The government then gave various figures, saying that in a couple of years time, everything |
| 2:11.7 | would balance out and we'd be on a sustainable trajectory. Well, that didn't last very long because over the last couple of months, the economy has |
| 2:24.1 | contracted, as I said, government receipts have been lower than expected. |
| 2:30.7 | And the result has been that the fiscal headroom, as it's called, the available money that the |
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