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news & politics:discussion


zahidf

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1 minute ago, Ozanne said:

We essentially owe the debt to ourselves, the BOE is essentially a government body so we can have power on repayment etc. The Tories have lied to us by saying we need cuts etc because they want to take the money out of the state for themselves. 

yes, ok...but we will have to borrow even more if cut taxes. It isn't unlimited. If economy was guaranteed to grow over next few years then yeah, but it isn't. We could print money, MMT and all that, but don't think that works when inflation is high. Inflation is a killer, needs to be got under control, but it's down to global issues mainly. 

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