Britain faces a difficult economic reckoning. Taxes are at their highest levels since World War II, public debt is approaching 100% of GDP, and economic growth remains stubbornly weak. With the government unveiling its latest budget, can Britain find a way to revive growth without making its fiscal problems worse?

On this episode of The Call, Jay Sapsford speaks with Lord Karan Bilimoria, founder of Cobra Beer, former president of the Confederation of British Industry (CBI), and member of the House of Lords, about the hard choices facing Britain's economy.

Bilimoria argues that Britain cannot tax its way to prosperity. Instead, it must rein in government spending, restore business confidence, and invest in the innovation and skills needed to unlock stronger growth.

But Britain's challenges extend well beyond its borders. From France to Japan to the United States, advanced economies face the same dilemma: raise taxes, cut spending, or borrow more. Each comes with a price.

Can Britain chart a path back to prosperity—and offer lessons for other economies facing the same pressures?

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