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Home » Transcript: Britain Is Headed For A Financial Meltdown – Allister Heath on TRIGGERnometry Podcast

Transcript: Britain Is Headed For A Financial Meltdown – Allister Heath on TRIGGERnometry Podcast

Read the full transcript of French-British journalist and commentator Allister Heath’s interview on TRIGGERnometry Podcast with hosts Konstantin Kisin and Francis Foster on “Britain Is Headed For A Financial Meltdown”, September 14, 2025.

Welcome to TRIGGERnometry

KONSTANTIN KISIN: Allister, welcome to TRIGGERnometry.

ALLISTER HEATH: Well, thanks for having me.

KONSTANTIN KISIN: Oh, it’s great to have you on. You are one of the most interesting commentators in British journalism, for my money. I love reading your column. You have a French accent. We won’t hold that against you.

ALLISTER HEATH: Thank you. I really appreciate it. Most people do, you know, or they think I’m Belgium or something.

KONSTANTIN KISIN: Yeah, well, I would hold being Belgian against you, but having a French accent is tolerable, particularly given some of your interesting opinions. So it’s great to have you on the show.

You’ve been writing a lot about something that our former guest Liam Halligan has been writing about as well, which is that economically, things are just heading in this country in a very bad direction. Most people aren’t aware of this because most people don’t look at bond yields and all of these other things, but I think you make a very credible case for why we’re actually heading for a financial meltdown.

The Grave Economic Situation

ALLISTER HEATH: Yes. I mean, I think the situation is grave. I think it’s very, very bad. It can be summarized very simply. Public spending is growing and growing and growing and on all trends, is going to explode in the coming years in Britain. But revenues, the amount of money that government can raise, is hardly going to go up, and that is a short road to something that’s very close to national bankruptcy.

Now, governments don’t technically go bankrupt, especially a government like the British government, which has its own currency, but you can get quite close.