Over on my own website, I introduce the research showing the true scale of Britain’s liabilities and report:
As Chairman of the APPG on Economics, Money and Banking, I hosted a panel discussion on the documentary featuring film maker Martin Durkin, the Adam Smith Institute’s Dr Eamonn Butler, IEA Director General Mark Littlewood and CityAM’s Editor Allister Heath.
The discussion was dramatic:
- Martin insisted only lower taxes would get us out of our present hole.
- Allister described the growth of the state, the flaws in monetary policy and the regulator regime which caused the crisis, calling for lower public spending.
- Mark said we should be “hysterical” and “apoplectic” about the state’s true liabilities before making some spectacular remarks about our democracy and the election (see from min 13 in the video below).
- Eamonn felt things were even worse and was not sure our grandchildren would wish to pay the benefits we are awarding ourselves.
Here’s a video of the introductory remarks and the responses to the first question. Martin gets the last word on the likely public reaction to doing the right thing: