Episode
#167 - Andrew Lilico - Britain Is Poorer Than The Poorest US State
- Podcast
- The Peter McCormack Show
- Published
- Apr 21, 2026
- Duration seconds
- 4513
- Processing state
not_requested- Canonical source
- https://shows.acast.com/the-peter-mccormack-show/episodes/167-andrew-lilico-britain-is-poorer-than-the-poorest-us-stat
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Summary
Britain is now poorer than the poorest American state and economist Andrew Lilico says a full-blown fiscal crisis is coming within ten years. He explains how Britain broke itself, why the political establishment lost its faith and the £180 billion in spending cuts he believes should be the baseline, not the radical option. Andrew Lilico is Executive Director of Europe Economics and Chairman of the IEA Shadow Monetary Policy Committee. He is one of Britain's most prominent economists and a regular voice on UK fiscal policy. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - TIMESTAMPS: 00:00:00 - Britain Is Poorer Than We Pretend 00:01:17 - The Coming Fiscal Crisis 00:02:48 - The Three Forms Of A UK Fiscal Crisis 00:05:00 - How Britain Betrayed A Generation 00:09:11 - ONE Oligarchy Or Competing Ones 00:13:06 - The 20-year Loss Of Coherence In British Politics 00:15:00 - Why Politicians No Longer Trust Voters 00:17:56 - When The System Broke 00:19:42 - Short-Termism And The Death Of Economic Justice 00:22:34 - WHO Actually Runs Britain 00:25:00 - Bank Of England Independence And Its Hidden Cost 00:30:00 - Do We Need An Anti-establishment Movement? 00:33:00 - Why Reform Is Diluting Its Own Message 00:40:00 - £180 Billion In Spending Cuts 00:43:13 - The Bank Of England Back Under Political Control 00:44:05 - The "Surrealist Game" Of Inflation Targets 00:50:00 - Is It Really The Voters' Fault? 00:54:00 - What The Polls Are Telling US 00:55:30 - Is There An Optimistic Path Out Of This? 01:03:12 - UK GDP Per Capita Used To Be Higher Than The US 01:05:44 - What Britain Can Learn From Argentina 01:10:35 - What Should An Ordinary Person Do? - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -…