I am genuinely appalled by this show.
It is the opposite of fact free, it is full of facts.
However, like that Morecambe and Wise sketch it has all the right facts but in the wrong order.
For example, the industry of the UK didn’t decline because of high taxes, as is claimed. It was a combination of a changing international division of labour and the fixed investment in out of date machinery of British Industrialists. To expensive to junk, not profitable enough to keep up with the Germans and Americans. A cursory glance at the literature would have shown that.
Hong Kong is not where the Asian economic miracle began, that would be late 19th Century Japan (or 13th century China). It is not much of an economic model either because it takes up a few square miles and houses a few million people and is served by a diaspora of millions of Chinese. It is also placed at crux of one of the most important trading and financial zones in the world.
The British state apparently controls more of the UK economy than the Chinese state controls the Chinese. That is nonsense, as is explained here http://bit.ly/aOTkdO Much of the money discussed is not consumed by the state but transferred, to pensioners, to the ill and to the unemployed and of course to run entirely essential things like the police and fire service.
(Were this argument to be correct it would also hilariously completely contradicts the main argument of the documentary, if the state controls that much of the economy and we are 10 times richer than the Chinese then it must be doing something right, no?)
Public spending will allegedly be higher in 2015 than in 2009. Of course this is only true if you use nominal spending, i.e. if you ignore inflation. Something completely ridiculous, as I am sure he would admit.
In short, there is an honest argument to be made for a smaller state, this is not that honest argument.
Left as a comment on Channel 4’s website.