Britain is in a depression. Not an economic one - we're still growing, albeit slowly - but a cultural and political one. We are running low on optimism, self-esteem and, most dangerously, on hope - on the sense that we can fix things.

Voters have become deeply cynical about the political class; support for both main parties has collapsed. They’re turning to Reform, not necessarily because they believe Nigel Farage will fix anything, but because he captures the almost nihilistic mood.

How can Britain get out of this moment? To put it another way, how can it get happy again? Broadly speaking, there are two paths out of here, which in reality have to be travelled at the same time. The first is economic growth. But higher growth won't come unless we make progress down a second path - a cultural and psychological one. We need people to believe that they can improve things - improve their lives, their communities, their country.

One way of putting this is that we need a more “high agency” culture. That's what I'm going to discuss with returning guest James Kanagasooriam, chief research officer at FocalData. James is a pollster, and one of the most brilliant political and cultural analysts around. He’s just completed a major research project on agency among British voters. Agency is a concept that’s become popular in Silicon Valley (James credits Cate Hall, the poker player, businesswoman and writer, for shaping his thinking on it). It’s essentially about believing you can make things happen. James has created a way to measure it at scale, and the results are fascinating.

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