The Impacts of an Overly Permissive Welfare System

Jasmine Birtles is a financial expert, author, and founder of Money Magpie. In this episode of The Peter McCormack Show, she explains why Britain’s economy is teetering on the edge—from a broken tax system and bloated welfare state to personal finance illiteracy and out-of-control government spending.

We cover the exodus of wealth creators, the reality of Universal Credit traps, how schools fail to teach money skills, and why Jasmine believes a major crash might be the only path to reform. We also dive into Bitcoin, gold, and the cultural stigma around financial success in the UK.