All right, Alexander, let's talk about

uh the UK. What is happening in the in

the UK post Stalmer resignation? Though

Stalmer is still hanging around Bernham

is ready to take over or maybe not. Uh

well, maybe he will have to wait until

September. Maybe not as quickly as as he

thought July. Maybe Bernham prefers to

wait until September. What's going on in

the UK? Well, if you remember um um when

we last discussed this, I did a I I

explained that um this long interval

between replacing one prime minister

with another uh violates u British

constitutional conventions. There's now

been articles in the British media about

this, including an editorial, by the

way, in the Daily Telegraph asking why

are we having to wait so long for Andy

Bernham? And in fact, the British elite,

the British establishment have indeed

tried exactly as we said in our previous

program to extend the transition even

further all the way to September.

They've been they've been trying to find

some Labour MP who they can persuade to

stand against Burnham in the leadership

election

which would indeed were that to happen

would delay Burnham taking over as prime

minister until September keeping stalmer

in place for all that time. So um there

are still factions, there are still

powerful people who want the transition

to continue as long as possible. But the

the big story in Britain is that with

every single day that passes,

the clearer it becomes that Burnham is

continuity star. Exactly what we said.

Um he's um picked as chief of staff.

He's chief of staff. James Pernell um a

uh Blair loyalist. Blair loyalist.

Minister in Blair's government just as

Bernham was a minister in Blair's

government. Somebody who um was and is

totally loyal to Blair. Somebody who's

acted as a lobbyist for all sorts of big

companies, including big American tech

companies. exactly the sort of person

that um you would look to if you wanted

to continue the same policies as the

ones we've already seen. And he's

recommitted to all the fiscal rules that

the um Star government had. In other

words, he's not going to increase

spending beyond those limits, except of

course on Ukraine, which we'll come to

in a moment. So there really isn't any

sign of any fundamental change in policy

and there cannot be any fundamental

change. Now there is a story that is

going out there and which is all over

the media that what caused Star to fail

is that supposedly he didn't have a

plan. This is completely wrong in my

opinion. Stara absolutely had a plan.

His plan was to support project Ukraine

to bring Britain back into the European

Union and to execute the wishes of his

globalist masters. And that is exactly

what Bernham's plan is. It is the same

plan as always. The reason we're going

from one prime minister to another is

that this plan is weakening Britain

every year.

It's creating a prolonged economic

stagnation in Britain. It is making

people in Britain more and more angry.

And that is why prime ministers come in.

They have a big brief uptick in

popularity. Then their popularity

rapidly falls at which point they're

replaced by someone else. But the plan

itself continues to be executed in

exactly the same way as before.

>> Okay. So what's the plan for Bernham?

>> What is the plan for Bernham? He will

come in. He's still trying to find uh

who the new finance minister is going to

be. There was some suggestions that it

might be Ed Milliband who was the former

Labour leader um who lost an election by

the way but who is now the energy

minister and who said to be the person

that the left wants. Um the unions don't

like him. The business community doesn't

like him. Burnham is turning against him

it seems. So the most likely candidate,

finance minister, is going to be the

other Blairite who is of course West

Streeting, the right-wing minister that

we were talking about. In fact, um this

is going to end up being a more

Blairight government even than Stalmer's

was. So we are going to see a further

drift. Burnham himself, of course, was a

minister in Blair's cabinet, which

Stalmer never was. Pernell his chief of

staff was a minister in Blair's cabinet

and um and West Streeting is the

Blairite was the Blairite candidate for

being the leader of the Labour Party and

the next prime minister. He might not be

that, but he's going to be apparently

finance minister instead. That's how it

increasingly looks. So this is going to

be a more blare government than the one

that Starmer himself led. A more openly

Blairite government than the government

that Starmmer himself led.

>> And his foreign policy

>> exactly the same. um he said absolutely

nothing about um project Ukraine,

but he's already said that he's going to

increase defense spending, which is a

way of saying that he's going to

continue with project Ukraine. He's very

angry though that is representing

Britain at the NATO meeting, the

forthcoming NATO meeting, but of course

he can't do anything about that because

he's agreed himself to wait until mid

July before he takes over as prime

minister. it might might now be

September. And he's also um he's also

very very angry that Starmer is moving

forward with the new defense review and

is going to make commitments as to how

much um Britain should spend on defense.

Um Bernham says that as he's the

incoming prime minister that should be

decided by him and Star says no, I'm

going to decide it. I'm still the prime

minister now. So ultimately it's not

going to be Starma and it's not going to

be Bernham. It's going to be the men in

gray coats whose names we don't know.

They will be the people who will make

all these decisions.

>> What about Brexit? He was uh

he was quiet about Brexit, Bernham. He

didn't want to talk too much about

Brexit. He was he would even hint at at

uh

at not trying to reverse Brexit. That's

what he would hint at. But then there

were there were many many analysts who

who saw through that and they understood

that he can't go um at the moment as he

was campaigning for for the prime

minister. He wasn't able to just come

out and say, "No, I'm gonna I'm going to

reverse Brexit."

>> So So he kind of played that line. Now

that he's going to become prime

minister, most likely going to become

prime minister,

>> do you think that's going to change and

he's going to start to come out with

statements saying, "Oh yeah, I'm going

I'm going to to get the UK back into the

EU."

>> So um so u Starmer was a fervid pro-EU

person. I mean he was one of the major

advocates and the most public advocate

of the second referendum. You remember

the second referendum that we went

through? Um the second referendum he he

he uh openly campaigned for it during

the Brexit war um which of course um

eventually the remain people lost u when

Boris Johnson won the general election.

But up to that point, Starmmer had been

a major advocate of a second referendum

designed to take Britain back into the

EU. And he has moved Britain

significantly closer to the EU in the

two years that he's been prime minister.

Um Bernham, if possible, has been even

more outspoken on this. He's said in the

past that leaving the EU was a mistake.

He said that uh rejoining the EU is an

absolute objective and it's one that

should be followed. Um he was saying

that until just a few months ago. Then

of course he had to be reelected to

parliament.

the constituency that was opened up for

him was um an a workingclass community

in Greater Manchester, Makerfield, which

had overwhelmingly voted leave. So he

had to reassure people there that he was

not going to reverse Brexit. So suddenly

he said that he would not reverse

Brexit. Now of course he's won that

bi-election. He's in parliament. he's

about to become prime minister. He will

change course and he will take Britain

further and more quickly towards

um rejoining the EU given that we're

going to have a Blairite government an

openly Blairite government and Blair

himself by the way reappeared resurfaced

about two weeks ago. he published um a

5,700word

statement charting what the future

direction of the government ought to be,

you know, giving a message given that

we're having a very Blairite government

now. I think we're going to see an

acceleration towards the EU. And one of

the things that isn't being discussed

much in the media is that now that it is

certain that Bernham is going to become

the next prime minister, you're starting

to get increasing signs that the British

people are cooling on him. And um um I

it it instead of the euphoria that many

predicted would come when he took over

from Star, who to be clear is the most

unpopular prime minister we have ever

had.

There's been little sign of that

euphoria.

And on the contrary, um, no real sense

in the country that things are changing

or that things are going to get better

anytime soon.

>> Okay, we will I

>> I'm going to give I there was a

statistic actually that came out. It was

in the Financial Times which basically

um set out the reality

of how bad Britain's economic situation

is. Um and he said that if the British

economy after the 2008 crisis had grown

at the same level that it did between

1970 and 2007,

it would now be 40% bigger.

So I mean that you know we we we

basically flatlined since 2008. In fact,

the reality is that living standards

have fallen over this period, which is

the longest single decline stretch of

decline in living standards in Britain,

I believe, since the early 19th century.

In other words, since the time of the

industrial revolution. So that that that

gives you a sense of how bleak the

situation for people is. And to the

extent that we've managed to get

economic growth at all, it's been done

by um importing labor or importing

people if you like from overseas. And of

course they come in and um they create a

certain degree of economic activity.

they they are able to do uh poorly paid

jobs and that creates a degree of

economic activity. So some parts of the

economy like it the health system for

example uh um relies very heavily now on

imported labor and of course you know to

the extent that these people spend money

or earn money or do things that causes a

kind of economic uptick. But what I

think a lot of people don't realize is

that importing labor, immigration in

other words, now plays, it's difficult

to say exactly how big a role, but a

role at least in giving the impression

that Britain still has had a growing

economy over this time. So that makes it

even more difficult to stop it because

if you do stop it, you're going to lose

that upward blip in the GDP.

And um it will become even more clear

that basically since 2008,

Britain has been in a kind of continuous

recession.

Um,

and on top of that, we have because

we're in continuous recession,

we have steady increases in debt, public

debt, private debt. That leaves very

little funding to uh spend on the

economy itself.

That means that the pressure to

increases increase taxes continuously

grows.

Um, one of the things that the Burnham

people are talking about is increasing

taxes on property on houses above a

certain value given that another major

driver of the economy in Britain has

been house prices.

Not a good thing in itself, but

nonetheless it has been a driver. It has

also contributed to ticking up the GDP

figures. If you start taxing

the value of properties,

that is going to cause property prices

to fall, which is further going to

create depression uh a recession

um in in Britain and of course it's also

going to suffocate the economy even

further. So what do you do in this

situation? The only thing they seem to

be prepared to do other than push

towards the EU is spend still more money

on Project Ukraine because uh the

amounts of money that they can still

spend

they can give to Ukraine

and it does keep some people in Britain

happy but that's basically the priority

at the moment.

>> All right. Not not a good outlook

anyway.

>> No, I mean by the way there are there

there are lots of things that can be

done. I mean I think this is the other

thing to say. A a really dynamic

government could do lots of things at

this time. I mean they could stop the

staunch of money going to project

Ukraine. They could uh do real trade

deals with real countries. Um um um they

could make systems to increase inward

investment into Britain. they could

conduct a genuine tax reform, a real tax

reform which would open space for um

entrepreneurial activity of which by the

way there is a there is a residual

significant amount here in Britain. I if

you really wanted to get the economy

moving again, there are lots of ways you

could do it here. But doing all of those

things would

come up against various very powerful

interest groups in Britain

and nobody's prepared to do that. So the

result is that we continue as we are. We

continue to have this policy of a very

open economy still um functioning in the

way that it is.

and we continue to see a prolonged

decline. Um, things are going to have to

get a lot worse in Britain before they

get better.

>> All right, we will end the video there.

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