The Peter McCormack Show #083 - Gavin Rice - Growth, Housing, Welfare, Immigration, Politics & AI Disruption
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Jun 17, 2025 Gavin Rice, a political strategist and former government advisor at Onward, dives into Britain's steep challenges. He tackles the housing crisis, critiquing government policies and the impact of rising prices on young people. Immigration is examined through the lens of a points-based system, revealing inconsistencies post-Brexit. Rice warns of a demographic timebomb and discusses the need for drastic economic reforms, while also highlighting the complexities of the UK's welfare system amid rising dependency on benefits.
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UK Economy: Stagnant and Unfair
- The UK economy is stagnating with high housing and asset inequality, unlike during Thatcher's era when growth was high despite inequality.
- Now, we face zero real growth combined with deep unfairness, crippling living standards for many.
UK's Productivity Crisis Revealed
- UK productivity growth tapered before 2008 financial crisis and never recovered.
- Post-2008 revealed deindustrialization and overreliance on financial services, creating a thin, hollowed out economy.
Energy Prices Killing Industries
- UK energy-intensive industries are collapsing due to highest industrial energy prices in the G20.
- Self-inflicted energy policies are damaging productive economy sectors like chemicals.
