The UK government is not like a household – and does not have a household type budget. That’s because it, quite literally, makes the money the rest of us use. So let’s stop pretending it has a credit card

Prof Charles Adams of Durham University posted this on Progressive Pulse on Saturday. It is well worth sharing here. I have already tackled one of the falsehoods perpetuated about the UK economy this morning, which is that the UK has debt of £1.8 trillion when the real figure is less than £1.4 trillion. Charles slays […]

source https://thebtrader.com/2019/11/11/the-uk-government-is-not-like-a-household-and-does-not-have-a-household-type-budget-thats-because-it-quite-literally-makes-the-money-the-rest-of-us-use-so-lets-stop-pre/?utm_source=rss&utm_medium=rss&utm_campaign=the-uk-government-is-not-like-a-household-and-does-not-have-a-household-type-budget-thats-because-it-quite-literally-makes-the-money-the-rest-of-us-use-so-lets-stop-pre