The UK is never limited in the amount of £ it can issue to cover govt deficits. Read a textbook. Issuers of currency do not borrow i that currecy. Debt and deficits have economic impacts, but there is no hard limit.
The only reason for austerity is that rich twats want austerity so they can continue their insatiable greed.
it’s right wing bullshit.
The UK is never limited in the amount of £ it can issue to cover govt deficits. Read a textbook. Issuers of currency do not borrow i that currecy. Debt and deficits have economic impacts, but there is no hard limit.
The only reason for austerity is that rich twats want austerity so they can continue their insatiable greed.
Yep. Talk of “the nation’s credit card” being “maxed out” has caused so much damage to the country.
I think it those economic impacts that people want to avoid, though.
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