UK energy costs 4x higher than the US
Jimmy Carr claims the UK has some of the most expensive energy in the world, roughly four times more expensive than in America.
Snapshot · Modern Wisdom
“We’re At The Beginning Of A Revolution” - Jimmy Carr - #1135
Explore episode
Aug 10, 2026
Where this was said
Let Your Obsession Become Your Advantage
At 1:42:43 · chapter starts 1:33:17
This is the episode's most policy-dense chapter. Jimmy's diagnosis is that fiddling with income tax rates by 2% or tweaking stamp duty is rearranging deck chairs on the Titanic. Real national competitiveness depends on four structural levers: currency, energy, regulation, and tax. His prescription: devalue the pound (it's overvalued, which is why a pint costs £7.50 in London); commit to a 20-year nuclear energy programme modelled on France's 1970s build-out of 56 plants; slash regulation (the UK's current regulatory environment resembles the late Soviet Union); and introduce a flat rate of tax inspired by Estonia's single-form, no-repeat-data, flat-rate system. For America, he's more concise: open primaries to force candidates toward the centre, and term limits to prevent the permanent political class. The American Constitution is brilliant technology — but it has to be actively worked, not left to sit there. [1] — Jimmy Carr "Two percent adjustments to income tax and stamp duty tweaks are deck-chair rearrangements. The UK's competitiveness hinges on four structur…" 1:40:20
How to Fix the UK in Four Moves
Two percent adjustments to income tax and stamp duty tweaks are deck-chair rearrangements. The UK's competitiveness hinges on four structural levers: currency valuation, energy costs, regulatory burden, and tax rates. Devalue the pound, build 56 nuclear plants, slash red tape, introduce a flat tax — and the country transforms.
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