Britain is spending more than it earns, borrowing to make up the difference and facing a debt burden that threatens to spiral out of control. Could the country be heading for a Greek-style financial crisis?
Journalist and author Ross Clark joins Marc Sidwell to discuss his new book, Britain Is Bust: The Coming Sovereign Debt Crisis and What It Will Mean for You.
With debt interest costing taxpayers more than £100 billion a year, Clark argues that Britain is running out of time to put its finances in order. He explains why higher taxes won’t solve the problem, makes the case for sweeping cuts to public spending and asks whether any political party has the courage to confront the crisis.
From the future of the state pension to the lessons of Greece and Ireland, it’s a sobering assessment of Britain’s economic prospects – and what might happen if Westminster continues to put off the difficult decisions.
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