Disruptors Kwasi Kwarteng On Frozen Britain - The Sinister Tax Grab and The Crushing of the UK Middle Class
Dec 4, 2025
Kwasi Kwarteng, former UK Chancellor and economic commentator, discusses the UK's financial turmoil compared to the 1970s. He reveals the implications of a £70 billion tax increase, highlighting the burden on the middle class. Kwasi warns that higher taxes could drive wealth abroad and criticizes institutional biases in government spending. He advocates for a stable environment to attract entrepreneurs and suggests reforms like cutting corporation tax. His candid fears about future tax policies underline the urgent need for fiscal discipline.
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UK Echoes The 1970s
- Kwasi Kwarteng warns the UK resembles the 1970s with similar damaging dynamics.
- Young people are emigrating because they see fewer opportunities and many won't return.
How Dubai Helped Young Brits Buy Homes
- Kwarteng recalls workers saving quickly in low-tax Dubai, then buying UK property in their 30s.
- Low-tax stints let young people build capital and accelerate life milestones like homeownership.
Rapid, Large Tax Rises In Two Budgets
- Kwarteng maps recent tax changes: ~40bn in November then ~26–30bn more, totalling ~66–70bn.
- Much of the latest freeze is effectively funding welfare increases.