Is Britain one geopolitical shock away from a financial crisis?
Liam Halligan thinks the warning lights are flashing. The economist, journalist and new Director of the Centre for Policy Studies joins Marc Sidwell to argue that Britain’s growing debt burden, stubbornly weak growth and soaring interest bill have left the country dangerously exposed.
So what can be done? Halligan makes the case for getting spending under control before cutting taxes, explains why deregulation could unlock growth without costing the Treasury a penny and looks to Italy and Ireland for lessons in restoring confidence in the public finances.
They also discuss Britain’s £120bn debt-interest bill, the echoes of the 1976 IMF crisis, why free markets shouldn’t be confused with big business – and why, despite the economic gloom, Halligan remains optimistic about Britain’s ability to turn things around.
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