The UK welfare state has become fiscally unsustainable with welfare spending now exceeding tax receipts; this represents a cautionary tale and laboratory experiment showing how to destroy an economy through excessive welfare spending.
factualpending
Speaker
Michael HowellEvidence Quote
“This is a socialist administration that just wants to spend money and give it on welfare payments.”
Source
Massive Liquidity Shock Coming; Brace For 'Wrecking Ball' Warns Economist | Michael Howell— David LinCreated: 8/12/2026, 6:46:58 PM
My Notes
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