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In this episode, Jeremy is joined by Catherine McBride, OBE, to talk about her work and, in particular, her recent Substack series on the UK’s Doom Loops, Debt Spirals and Dumb Taxes. Catherine is an expert in trade policy, taxation, commodities, agriculture, Brexit, and financial services regulation. She writes to offer a new perspective on traditional media's misdirection and spin. Catherine has over thirty years of experience in financial markets, as a member of the UK’s Trade & Agriculture Commission, she has worked in think tank land, and her work has been widely published. She has worked for the Campaign for an Independent Britain, the Institute of Economic Affairs, and the Tax Reform Council, always striving to provide clarity on complex economic issues. Catherine does not come from an ivory tower; she approaches her work armed with a wealth of practical, real-world experience. She has worked in a variety of roles, ranging from Strategic Planning to trading financial derivatives. In a fascinating conversation, they discuss the state of the UK economy and how it led to the world of debt spirals and doom loops. What is the outlook for the upcoming Budget? What are our dumbest taxes? And when and how will this or a future UK government be required to roll back the size of the state? Finally, they discuss how the new world trade order under the emerging Trump tariff regime changes things, why most people don’t really understand it, and how Britain can benefit from it. Spoiler alert, it already is. Catherine’s perspective is as refreshing as it is challenging to today’s widely accepted mainstream view of decline and despair.
