Liz Truss - The doom loop continues… (26.11.25) - Video Dailymotion

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https://www.pupia.tv - Liz Truss - The doom loop continues… (26.11.25)

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00:00Last year, when Rachel Rees put out her budget, I warned that tax rises would damage growth,

00:05that she was doing nothing to cut red tape or reduce energy prices, that the economy

00:10would stagnate, debt would go up, and we were in a doom loop.

00:14And as a result, she would be back for more.

00:18Well, despite the mainstream media like the BBC, The Times, and the FT being permanently

00:23surprised that inflation is higher than expected, the deficit is bigger than expected, growth

00:29is lower than expected.

00:31Here we are.

00:33Anemic growth, higher debt than last year, still a record tax burden, more millionaires leaving

00:39Britain per capita than any other country in the world.

00:43To be fair to Rees, she is not the architect of this failed Keynesian strategy that is bringing

00:49our country to its knees.

00:51She is just the latest auto pen in the Treasury.

00:55She is the first woman auto pen, and I guess that's something to be proud of.

01:01Because since 1997, Britain has been running a failing Keynesian economic policy.

01:08The money supply was expanded, leading to massive asset price rises, both after the financial

01:14crisis, where no one was punished for the gargantuan failures, and the COVID pandemic.

01:19This made houses unaffordable for the young, and distorted the economy.

01:25This money bonanza was used to fund ever-increasing government spending, much of which is completely

01:31inefficient and counterproductive, like the bloated welfare state and so-called green economy.

01:37The state now spends 45% of GDP.

01:41Meanwhile, taxes have risen to a 70-year high.

01:44Energy prices are the highest in the Western world after a failure to use our fossil fuels

01:49and invest in nuclear.

01:51Even though we left the EU, red tape is worse than ever.

01:55This policy has been hardwired into our institutions that are increasingly unaccountable.

02:01The Treasury, the Office of Budget Responsibility, responsible for leaks, and by the way, the budget

02:08has got no more responsible since it was established in 2010, and the Bank of England.

02:13These people are unsackable, and as I found out when I was Prime Minister, wield huge amounts

02:19of power.

02:21In particular, they have a huge hold over Britain's supine media.

02:26So maybe it's not Rachel's fault that rather than look at the facts, she believes the claims

02:32of the Treasury, the Resolution Foundation, and the BBC, that in fact we had had a period

02:38of austerity, and that any difficulties were down to Brexit or Liz Truss.

02:45She's now finding out in real time what the actual problems are.

02:50Today's budget is not a smorgasbord.

02:53It's a dog's dinner.

02:55It will make the housing market even worse.

02:57It will get rid of any incentive to save for a pension, punish the hardworking, and reward

03:02the idol.

03:04None of Britain's problems will be fixed, and growth will be even worse than the OBR's

03:10downgraded forecasts.

03:12And next year she'll be back for more, if she's still there, unless there's a crisis in

03:18the meantime.

03:19Here's a better idea.

03:22Cut taxes, restrain welfare, get fracking, and rein in the Bank of England.

03:27In other words, implement the growth budget.

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