Ross Clark: Britain is heading for a debt crisis

The Capitalist · Nov 5, 2026 · 26m

‘The basis of this crisis is a very fundamental truth: it is politically easier to spend money than it is to raise it.’

This week on The Capitalist, Marc Sidwell speaks with veteran journalist Ross Clark about his new book, Britain is Bust: The coming sovereign debt crisis and what it will mean for you.

Debt interest cost the UK taxpayer £109 billion last year, no government has balanced the books in a quarter of a century and long-dated gilt yields have broken 6%. Clark argues the country faces a choice: cut spending now, on our own terms, or have far deeper cuts imposed by the bond markets…