‘The markets think Britain has gone nuts’ | Economist Liam Halligan warns of coming crash

Liam Halligan – economist, Telegraph columnist and host of When the Facts Change – returns to The Brendan O’Neill Show. Liam and Brendan discuss Britain’s fiscal ‘doom loop’, the calamity of Net Zero, and why America’s stock-market boom is built on sand. Join us for the spiked summit, our biggest ever live event, on Saturday 27 June in Westminster featuring Konstantin Kisin, Lionel Shriver, Katharine Birbalsingh, Toby Young, Allison Pearson, Brendan O’Neill, Tom Slater and more speakers to be announced. Get tickets here: https://www.spiked-online.com/event/s... Become a spiked supporter to access all of spiked’s exclusive content, and get unlimited, ad-free reading and other perks: https://www.spiked-online.com/support/ 00:00 Introduction 01:18 Starmer's scandals and the Mandelson affair 02:02 Could Starmer be ousted despite his parliamentary majority? 04:07 Labour playing student politics while the bond markets close in 06:49 Why British politics and media lost its economic literacy 14:24 The Bank of England, media decline, and a culture allergic to finance 19:40 Are we on the brink of a global recession? 20:00 The Middle East conflict and the global energy supply shock 23:02 UK sovereign debt, index-linked bonds, and the gilt market crisis 26:00 The AI stock bubble and a dangerously overvalued S&P 500 33:23 The AI investment mania – railways, the dot-com bubble, and what's different this time 37:30 Collateral built on sand: why AI chip loans are uniquely fragile 43:42 Another financial crisis with no fiscal firepower left 46:27 Labour's inheritance vs the damage they've done 49:19 How Labour's tax and wage policies are crushing small businesses 51:42 Britain's energy vulnerability and the North Sea betrayal 54:00 Grounds for hope: Britain's small business entrepreneurial spirit Order Brendan O’Neill’s Vibe Shift now from: 🇬🇧 📕 Amazon UK: https://www.amazon.co.uk/Vibe-Shift-W... 🇺🇸 📕 Amazon US: https://www.amazon.com/Vibe-Shift-Wok... About spiked: Founded in 2000, spiked was a pioneer of 21st-century journalism – the first online-only political magazine in the UK. Now edited by Tom Slater, spiked reaches millions around the world with hard-hitting articles, incisive essays and a growing roster of podcasts and videos. The spiked story so far:    • spiked: the story so far   Support spiked: We would not exist without the support of our audience. Our donation-funded model means we have no corporate ties or interests to appease. Become a supporter: https://www.spiked-online.com/support/ Sign up to our newsletters: https://www.spiked-online.com/newslet...