In this episode of The Winston Marshall Show, I sit down with economist Liam Halligan for a conversation on Britain’s economic decline, government failure, and the policies driving stagnation.

We examine why the UK economy has struggled to grow, from high taxes and overregulation to the long-term consequences of energy policy and Net Zero. Liam explains how weak productivity, rising public spending, and political short-termism have left Britain falling behind its global competitors.

The conversation explores inflation, debt, housing, and the cost-of-living crisis, alongside the structural problems facing the British economy. We discuss the role of the Bank of England, monetary policy, and why economic decision-making has become increasingly detached from the realities facing ordinary households.

We also discuss immigration, labour markets, and whether Britain’s political class is willing to confront the scale of reform needed to restore growth and prosperity.

A hard-headed conversation about economics, policy, and whether Britain can reverse its long-term decline.

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Chapters

00:00 Introduction

01:18 Are we heading for financial meltdown?

05:11 The Collapse of Trust in Mainstream Politics

10:02 Why Politicians Avoid the Real Issues

15:21 Class, Culture and the New Political Divide

18:07 Media Bias and Narrative Control

21:10 Crime, Policing and Public Safety

27:42 Economic Decline and Cost of Living Crisis

31:15 Why Britain Feels Like It’s Getting Worse

38:22 Elites vs Ordinary Voters

45:44 The Role of Institutions and Bureaucracy

49:18 Britain vs Other Western Countries

57:10 What Needs to Change in Britain

1:01:42 Is There a Way Back for the UK?

1:06:18 Cultural Confidence and National Identity

1:14:12 Final Reflections

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Liam Halligan - "Britain is heading for a financial meltdown"