The Brendan O'Neill Show Labour has brought Britain to the brink of crisis | Liam Halligan
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Apr 28, 2026 Liam Halligan, economist and Telegraph columnist who hosts When the Facts Change, offers sharp analysis on Britain’s fiscal fragility and political turmoil. He highlights risks from soaring index-linked debt and AI-fueled equity bubbles. He also examines the shrinking of economic journalism and argues for practical resilience measures like using North Sea energy and supporting small businesses.
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Labour's Internal Row Risks Market Backlash
- Labour's leadership is engaged in petty internal politics while Britain faces serious market risks.
- Liam Halligan warns this distracts from sovereign bond fragility and could destroy Labour's reputation if markets react badly.
Economic Illiteracy at the Top Explains Bad Decisions
- UK political and media elites lack economic and business literacy, worsening policy mistakes.
- Halligan cites fewer business reporters, humanities-dominated newsrooms, and frontbenchers who've never run businesses as causes.
New Labour Kept Financial Heavyweights In The Room
- Halligan recalls New Labour kept serious financial figures in the room to balance political decision-making.
- He names advisers like Gavin Davies and Derek Scott as examples who tempered overspending under Blair.
