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" another British invasion only lets just say this -- Welcome everybody I'm -- never -- royal majesty what could be -- royal mess the British government. Just barring -- month that it used to lead a year thing about that on the very same day. Liberal Democrats there are -- the most -- tax we have heard from anyone anywhere in a year. It's a little while the homeowner's tax you live in a nice house you will pay -- for that privilege -- they did it will happen again. Rising British conservative star Daniel -- says think again. Mr. -- is a member of the European Parliament it was announced lows of late from Dallas says he's on the and they some -- liberty tour. And -- Laden's personal funds on. The borrowing going on in Britain. It's out of control I always think it's out of -- United States. On a per capita basis -- is really had a controlling your country has."

" So out of control that in the time that it took you to last me that question. I'm national debt has risen by about 35000 dollars and -- that -- has written -- Yeah -- going up nearly 6000 pounds -- second I mean it's it's absolutely. Terrifying. And the whereas all the money go home. You know we've school we've had trillions taken from us an additional taxation. It hasn't gone -- to improve public services it hasn't gone into investment it hasn't gone into better infrastructure. It is tended to go into swelling the state payroll and expanding the number of people who will then feel obliged to vote for the party -- that --"

" You know mr. I don't know let's send you real the first time -- great ways because some of the things -- warned about. These many people -- would -- to test my only -- a lot of them did we look at Britain very closely not only because of our ancestral ties -- find. A country but also. Britney was a little ahead of the world and it's not only stare at some of these problems. But experience in the aftermath so I like to think that the -- guys and maybe six months to a year ahead of -- that is the case. We don't have a lot to look forward to."

" I'm afraid not matter we are I think ahead -- you in this tax and spend and boring game. And we odd that you will if you carry on as you are suspect kinda where we on now with your treasury -- with your credit exhausted. With your credit rating downgraded. Way you have Zimbabwean commentators. Shaking -- heads over the economic mismanagement I'm making up there was an editorial in -- Zimbabwean papers saying. And inflation in Britain is gonna got to control now -- the money that that producing. But I have the where have you in one other way to. Which is that's our electorate concede that they simply can't carry on like this. And my hope is that. Within the next few months -- new government which will then they can the monumental task of restoring order and -- and sanity public finances."

" I don't know about whether the Saudi comes start because we're already getting indications we know in this country sooner that we. Democrats and Republicans liberals and conservatives it isn't so cut and dry and and and Great Britain where you'll also have Liberal Democrats but -- their own sort of party rising party but. And large it sounds labor and conservatives and Liberal Party leaders there of the Liberal Democrats. Have this house wealth tax for lack of better term where you live and house worth more than a million pounds I guess the equivalent one point six million dollars they'll slap a tax on -- Our -- how is that going down over there right now."

" Well the Liberal Democrats I should explain further American viewers are kind of a harmless party because they. That got -- prospect of office and so this allows them to say things that. We'll never actually be translate into policy and they come and they are not so they can entertain the rest of us and after the -- of national life by coming out with these. -- proposals."

" DeVon and drag the labeling -- right I did there there are a little there obviously liberal a big their claim to fame was resisting the Iraq War and Britain's participation and -- but they've become a little bit more than a novelty but but they could drag labor even more to the --"

" Well on this issue I mean. They all that -- about one thing which is that. Poor people in common with everyone else. Being more heavily taxed under this government and the tax burden on the low paid. Black on amber and -- is only gonna go up -- calls all of the gaping deficit that we now have. And I think it should be a priority for any government to try and remove the disincentives that are holding people. In wealth rather than seeking jobs we've we've got to the stage where a lot of people acting rationally will prefer to stay on Social Security. -- the employment market and I think the easiest way all of it taking people out of the squalor of dependency. Is to reduce taxes very heavily on bottler -- workers. But it -- this I -- of taxing people who live in big houses isn't even taxing the rich I mean. A lot of the if you would be caught up by that if and in some parallel universe and -- wherever I happen. Would be you know elderly -- with very little income who -- left in the big house that they -- whose disposable means very limited. And you know -- wouldn't we should sometimes just go back. To first principles. If you raise a lot of money. From people. -- ending and who went off in order to give it away -- disincentive -- is the people who I think if you."

" But you tell us malicious has very little political you have fewer people on mobile people bouncer -- nobody trouble that this is -- to be a trend I mean and so many countries that day hike taxes in the well to do. So the argument of the well to do will run somewhere else overheard you bless you Ron because their taxes have gone up everywhere -- what do they do."

" I think there are plenty of places that I can still go -- I -- the London particularly has been a magnet fall. The wealthy have all of the all of Europe recently and it's it's time for that reason by the way that a lot of people who are not -- well off. Found that houses pushed up into the price -- that talking about. But you know that's something eerie about -- you just go off -- other places in trying to harmonize and -- you've had on your show before -- this that this. It concept that the G-20 leaders have -- they should go off and close down what they call the tax savings. You -- and what they mean by the tax havens. Countries that have lower taxes -- as he and the solution has not to go off to what they -- the tax havens -- to trying to make taxes and our country is compassionate."

" So it makes Iran just make Euronext and authority over the way to do that is to cut spending -- yes absolutely and eventually. When you hear those those on the left in any country say. To those on the right I would respectfully include you. You had your shot with your tax cuts of your tax credits and your -- regulations and your Lasik Faire attitude. And and we had a financial meltdown we have a crisis and that's -- holiday draws you glad you're -- you're young guy and not things you particularly but. You when you're guilty if you will had your moment in the sun and it and you messed it up but what he said."

" If only it was so simple if only you could blame the credit crunch on the banks. I'd have thought the single biggest factor in the recent financial crisis -- that interest rates would deliberately -- too low for too long. And that was a political decision not a market decision it was a mistake that was made equally by you'll fed by the European central signed by the bank of England and by the Bank of Japan. As for the I did that the that this was a crisis caused by deregulation. You correct me if I'm wrong but as recently as last year congress was telling Fannie and Freddie to make more cheap loans available to more people. So -- to turn around and say that the problem walls of -- lack of regulation is ridiculous inversion of the truth which is fast. It was political interference that if not completely calls this crisis greatly exacerbated it and no political interference in an attempt to kind of say they don't -- the spending is making it worse you know whether that the recession has happened anyway. But with a difference as a as a result of all is borrowing our children and grandchildren are gonna be paying off for decades to come. The -- sort of in a -- in the last twelve months. Artistry -- and you become a bit of global rock star in the process with a lot of your warnings and musings it's always good thank you very much. Thank you know."