Britain’s Trillion Pound Horror Story airs tonight at 9pm on Channel 4. The film explains the full extent of the financial mess this country is in – an estimated £4.8 trillion of national debt and counting. It argues that the recent spending review hasn’t gone far enough, and to put Britain back on track we need to radically rethink the role of the state, stop politicians spending money in our name, and lower taxes to make Britain’s economy boom again.
Various IEA staff and fellows were interviewed for the documentary which also includes interviews with academics, economic experts, entrepreneurs and four ex-Chancellors of the Exchequer.
With its prescient message and offer of a bold solution to get the nation’s finances back on track, the film is stimulating and informative viewing.
Read more about the size of the debt in A Bankruptcy Foretold 2010: Post-Financial-Crisis Update.