Disruptors Jeremy Hunt On Economic Optimism and How To Avoid The "Double Doom" Loop
Oct 5, 2025
Former UK Chancellor Jeremy Hunt shares his insights on the UK economy's future. He discusses the troubling 'double doom loop' caused by high taxes and national debt, affecting households significantly. Hunt emphasizes the importance of optimism, even amidst debt concerns, and advocates for welfare reforms linked to mental health to boost employment. He also warns of AI job disruptions and urges the need for credible economic plans to restore confidence in the UK. His reflections on his chancellorship highlight the need for disruptor mentality in politics.
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Underrated National Strengths
- The UK has major strengths most ignore: a top-3 global tech sector and a large defence industry.
- Jeremy Hunt argues these strengths give the UK strong long-term prospects despite headlines.
Debt Is Dragging Growth
- UK public debt is ~100% of GDP and interest costs are ~£105bn per year, hitting households hard.
- Hunt warns this creates a 'double doom loop' of high taxes and debt interest that drags growth.
Debt Limits Apply To All Big Economies
- Ray Dalio's debt warnings apply globally; even reserve-currency status doesn't make the US immune.
- Hunt notes the US debt is ~123% of GDP and faces fiscal gravity despite dollar dominance.
