The Peter McCormack Show #023 - Ben Habib - Reform's Opportunity, UK Economy, National Identity & Brexit
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Nov 20, 2024 Ben Habib, a businessman and former MEP for the Brexit Party, sheds light on the UK's pressing political and economic issues. He critiques the government's response to the cost of living crisis and discusses the economic burdens on small businesses. Habib advocates for the need to celebrate wealth and success, stating a strong defense of national identity amidst immigration challenges. He emphasizes the importance of democratic reforms while warning of a looming sovereign debt crisis, offering hope for a revitalized political landscape.
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Government Problem
- The UK government faces a misalignment between election cycles and economic cycles.
- Governments avoid making necessary but unpopular decisions to stay in power.
Sovereign Debt Crisis
- The UK's increasing reliance on government bonds creates economic instability.
- Foreign investment in UK gilts becomes crucial as domestic institutions are maxed out.
Bureaucracy and Business
- Peter McCormack is opening a cafe to support his football club, but faces bureaucratic hurdles.
- A 98-page property lease and complex employment laws hinder his business ventures.