“We Are In TROUBLE” | Unemployment Surges In UK As Brits SUFFER

Added: 2026-05-19

[00:00:00]Lord Redwood, thank you so much for joining us. Unemployment up again. What a surprise.

[00:00:06]>> Well, it isn't, and it's very bad news, and none of us want to hear this, but it was entirely predictable, as you, I, and others have been saying. You put taxes up and you drive the rich away, and you get rid of the investment. You put taxes on jobs and you have fewer jobs.

[00:00:20]Vacancies go down. You make it too dear to employ people and instead of young people having opportunities, they're on the dole. And we're we're facing this problem that unemployment's going up.

[00:00:31]I'm so glad you pointed out that between 2010 and 2024, unemployment actually h haveved because we had policies which did get people into work. Labor came in and said, "Oh, well, of course, Utah is absolutely useless." And now we have this really big problem and they have no policy in place that's going to get that unemployment down. They they've annoyed and pressurized so many employers that there aren't going to be the vacancies.

[00:00:57]Most definitely. And just digging back into the history books, Lord Redwood, if we look at the specific period of 2010 to 2015, which was a very difficult time for the British economy following the credit crunch, what the coalition did is reduce massively the size of the public sector and those employed by the state and a million new jobs were created in the private sector in the course of that parliament. So, it's all about policy.

[00:01:25]>> Yes, it is indeed. and and this this government and the people who now want to take over as prime minister, they all want to nationalize more things. Well, they've they've bungled their steel nationalization is now costing us 1.3 million a day for the two blast furnaces in Scumor. They say they saved the jobs, but actually their policy, and they should come clean about this, is to close those blast furnaces because of their net zero policies. And so those jobs will go after we subsidize them for a bit. Uh this is the worst kind of misleading of the the workforce and it's doing damage to the rest of the country. The more you spend, the more you waste, the more you have to pay losses in the nationalized sector, the higher the taxes go. And the the mummy and daddy of them all, the bad nationalized industries is of course HS2. And we're going to learn today how many more billions it's going to cost to have a railway line that only goes to Birmingham if we're lucky and no longer can go to Leeds and Manchester because a totally incompetent nationalized industry with access to billions and billions of our hard-earned taxes so far is bungling it and cannot afford to complete the railway line.

[00:02:36]>> As we bring you the news, Lord John Redwood at 14 minutes past 7 in the morning on talk breakfast. that HS2 now costs more than NASA's space mission which is going some back to unemployment. One of the most worrying metrics is youth unemployment, isn't it?

[00:02:53]That's a big problem for the future of the country. Oh, I think it's devastating because we all want our our young people, our children and our grandchildren to have plenty of good job opportunities and choices and and they are being destroyed by the the tax on jobs, national insurance, by the tax on small farms, by the tax on small businesses, by the tax on richer people that Labor obviously dislikes so much.

[00:03:16]And the only thing Labor will end up with is is a bit less inequality because they've got rid of all the people who've got some money. And that's poverty for the rest. It isn't success and they don't seem to get this. Of course, you can get inequality down if you drive out all the rich.

[00:03:31]>> Most definitely. Labor politicians call themselves progressive, Lord Redwood.

[00:03:37]But non-existent growth, growing debt, and growing unemployment is quite the opposite. It is regressive. It's a race to the bottom. It's economic quicksand.

[00:03:46]We're in trouble, aren't we?

[00:03:48]>> Yes. It's leveling down. It's dreadful for people. and and then the tensions get greater in communities. The benefit bill goes through the roof and then there's even more tax that has to be paid by the the people who have stuck it out here and are trying to run a business or uh doing a job that pays them a bit more money and then they're made to feel wrong about the fact that they're successful. I want to live in a country that is proud of success and is grateful that people commit their capital and save and invest and and provide new jobs. And that was what we were creating. And that is what is being destroyed. And and we now see that Andy Bernham and West Streeting uh and the prime minister all seem to agree that the only policy they've got that they think would promote growth is to put us back into the EU to the extent that they can get away with it. And that is a slow growth, high unemployment zone with all the kind of problems we've got here now with high taxes, too much regulation.

[00:04:47]And so all the business is coming from America and America is cleaning up and America now has GDP perhead twice as high as the EU average and that's what Starmer wants more of. He wants to level us down to the EU average.

[00:05:04]>> I want to come to Andy Burnham in just a moment if I can. Lord Redwood, one other statistic that's been under reportported so I'm going to make sure it's in the spotlight today. According to the Sunday Times, one in six members of the Sunday Times rich list from last year have left the UK. Can you explain to my viewers why it's such a problem for the country for wealthy people to leave?

[00:05:30]>> Well, it's a huge problem for the country because the the wealthy people who were here were paying a very large amount of tax each person and so we lose their tax revenue. That means people on lower pay have got to pay more tax to make up the gap. It means those people are not available to sit create businesses here. They're not available uh to go expensive shopping to create jobs for all the people in the shops and all the people supplying those specialist goods and services. So we're all much worse off. I want to live in a country where there are some rich people because then uh they can hire people, they can make things, they can commit to new businesses as they are doing in America, as they're doing in the Middle East. Uh that's where our people have been going and we are the poorer for it.

[00:06:16]>> John, briefly, if you can, what's your appraisal of Andy Burnham as a prospective prime minister of this country?

[00:06:24]>> Well, the master of the flip-flop, isn't he? you know, this is the pure Blairite loyalist under Tony Blair and then he became strongly in favor of Corbyn. Then he wanted a more left-wing alternative to Stalmer. And then yesterday we had the great climb down. You know what? Uh the bomb markets wouldn't like it. That would mean our mortgage rates and interest costs for companies would go up if you if you had kind of economics his leftwing friends want. So he's watered that all down. So he must be a big disappointment to them as well. And and there was Burnham saying, well, of course, we need more EU, so why don't we go back into it, which is the logical way you should go if if you really believe in the EU. And now he's realized that that isn't popular with the voters that the CE might want to fight. And so another flip-flop, a new turn on that.

[00:07:13]Oh, let's not talk about it. Um, that's the new way of MPs and wannabe MPs lying. I guess that I've got a view you won't like. So I tell you what, I won't tell you about it.

[00:07:24]John, thank you so much for your valuable time.