0:00
What do you make of this? Do you believe we're now on the precipice of a worse situation than 1970s
0:07
Well, it would hardly be surprising. The fact is that governments of both parties in recent years have seemed to think of the economy purely in terms of tax and cuts
0:19
And virtually no attention other than lip service has been paid to generating growth
0:25
Now, the essential thing about the 70s ogy is that, yes, indeed, Britain's checks were bouncing
0:31
We had to go to the IMF. But Thatcher came in at the end of that decade and completely reversed the situation by, first of all, lowering tax, secondly, encouraging enterprise and going for growth
0:45
And yet, you know, this doesn't appear to be a priority. As I say, there is lip service paid to it
0:50
But nobody is actually implementing the policies which will result in higher growth
0:56
So you asked me if the situation is as bad. I don't know because I'm not an economist, but I would not be surprised
1:03
Well, I guess Liz Truss tried to go against the grain, but she was taken out by the establishment
1:10
Well she was but also she did mishandle it and mishandle it very badly But yes she alone she alone of recent prime ministers has recognised the importance of growth You mentioned that Thatcher came in during the end of that period
1:23
and turned the ship around. Who do you think will do that this time round? I mean, will it happen
1:28
even? Nigel Farage, I don't see it happening in any other way at all. We need real change. We need
1:37
something completely different. And we need a party that is committed to lower taxes, which reform is
1:44
to growth, which reform is, to encouraging enterprise, non-doms and getting industry
1:51
to want to invest in Britain. That all means a completely different approach
1:56
Well, can I ask you, Rand, that's fine and dandy, but what's to stop Nigel Farage and whoever his
2:01
Chancellor may be, I don't know, Richard Tice, perhaps, who knows, what's to stop happening to
2:07
what happened to Liz Truss, to them? You come in with all these radical ideas, reform, you know, the name is on the tin
2:12
What's to stop them getting taken out by the globalists and the, you know
2:17
the OBR and whoever? Well, as I said before, you know, it wasn't that Liz Truss had the wrong policies
2:23
It was that A, she tried to do too much too soon, and B, she mishandled it
2:28
I do not believe that Nigel Farage would fall into either of those traps simply because we have that example
2:34
right in front of us. Okay
