Posted by Editorial: National Debt is an Irrelevant Statistic.
If an individual wants to spend more than they earn, they must borrow from a third party. But it’s not the same for the UK government. Because it is a currency-creating state, the UK government does not have to borrow money to finance expenditure. That is the critical difference between the economics of a household and the economics of the UK government.
Labour and the Housing Crisis; What Am I Going to Do Next?: Colleges of Further Education; Ernest Bevin: Labour’s Churchill – review by Brendan Clifford ; Ernest Bevin introduces the White Paper on Employment policy, 21 June 1944 ; Orecchiette; Diary of a Corbyn foot soldier; Notes on the News; Parliament Notes.
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