Where’s the UK debt crisis?

There’s a real debt crisis in Britain – but it’s not the one the politicians or journalists are talking about.

While Rachel Reeves and the media obsess over government borrowing, 4 million people are already in negative budgets, meaning they're unable to afford the basics of life without debt.

This video explains why the real debt crisis in the UK is about private debt, not public debt. It shows how austerity, low wages, speculative markets and broken benefits drive ordinary families into despair, all while the Treasury celebrates its so-called “fiscal discipline.”

I argue that government debt is not a burden; it’s a tool, but private debt is a real trap. Meanwhile, the Treasury's obsession with balanced budgets is leading Britain towards social collapse and, dangerously, towards fascism.

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