Merryn Somerset Webb

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7,282 appearances 48 recordings 1 series first heard Apr 2026 last heard 2d ago

Merryn Somerset Webb’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 48 in all, peaking in Jun 2026 with 13.

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Merryn Talks Money · Can Governments Afford These Interest Rates? · 18 Sep 2026 podcast

Well, 'cause the

Again.

Um and they have to keep writing these letters to the Chancellor.

stock one for that by now.

Finally, an effective use for AI.

Doesn't matter how many mistakes it makes 'cause those letters were full of nonsense anyway.

All good.

But listen, here's a question.

So it's not just here, but it is everywhere that as rates rise, the interest burden for governments gets increasingly intense.

Everywhere the percentage of tax revenues that goes on paying interest alone gets higher and higher and higher and higher and higher.

And over the years, you and I have spoken a lot about financial repression and how we get out of this.

And the way that you get out of large amounts of public debt is not by having high interest rates.

That's not how it works.

You need to have interest rates below inflation or below nominal growth at least.

So I was reading something today that basically said, look, at this point

Everyone's in the same trouble.

So it's not like just one country will run financial oppression or two will run financial oppression.

Basically, everybody's got to get rates below inflation or below nominal growth.

So the great global devaluation is almost upon us.

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