To do otherwise breaches the trust system of money. Only believing money received in the future has value, supports the idea of debt and credit. Without debt ( and return on that debt) , capitalism fails. Ability to print money on demand eliminates debt rational ( return) so collapses capitalism by default.
Others have attested that you only need to issue debt (government bonds) if you are running s as current account deficit. You issue the bonds to pay for your expenses EducationHealthBenefitsRoadsDefenceGovernment staff and buildings PoliceFireCoastguards I’m sure there are others. Quangos etc…If you just print money whilst running a deficit you risk a lack of confidence in the currency. MMT has been shown to be a lot of nonsense because the longer you keep spending what you don’t have the higher your deficit climbs. You either have to grow the economy to reduce the debt or reduce what you are spending. Zimbabwe and other third world countries have shown this. You can end up with hyper inflation which does nobody any good and further causes a sovereign monetary and debt crisis. Reduced public spending and/or increased taxes are the only alternatives….Or are they. The Laffer Curve suggests that the lowering of direct taxes fosters higher productivity and in turn increases tax revenues. Just don’t give all the tax cuts to the billionaires or you’ll end up with Trump’s America - and nobody wants that!In conclusion if it was that easy some other bugger would have done it already. Yes… we’re all screwed 😩
I concur. Meanwhile I took one out - not to replace lending, but to simply place on deposit. Cost me a bit initially but then provided a return as interest rates increased. Paid off the balance prior to company closure. Marginal gain, but it was free money ( to the company, but not the taxpayer). Joke system in all respects imv.
The Covid Cash had to be doled out very quickly because the government decided to shut down the economy .Government bureaucracy is incapable of dealing with process in normal times so in a crisis situation the prospects of Hmrc handling anything efficiently would be zero.Hmrc have consistently shown an inability to operate efficiently.Political parties in opposition always talk about the huge savings they will make once they are in office.It will never happen…
The police available to look at bounce loan fraud! They are only available in their hundreds to escort the invading army from France to their Hotels.Do not wear a mask or you will be arrested but the UK will provide potential masks for the Invading armies, Trulls in the form of Hijabs.
Changes in FTSE UK Index Series05 October 2026Subject to the court sanctioning the scheme of arrangement in relation to the cash acquisition of Senior (UK, constituent) by Zeus UK Bidco (non-constituent), please see details of affected indexes and effective dates below:Senior (UK, 0795823) will be deleted from the FTSE 250 index.Amaroq (UK, BTRG036) will be added to the FTSE 250 Index and deleted from the FTSE SmallCap Index.All changes effective from 08 October 2026.Full details of index changes are available on the FTSE Russell website.
