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Comments by "" (@lonevoice) on "Why UK Taxes are Set to Keep Rising" video.
The UK has sovereign control over its money supply and based on MMT has ample scope to create money for investment. We certainly need it to improve productivity.
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@ab-ym3bf Did you notice that with the massive amounts of QE? Added to this, the Bank of England has control over inflation.
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@CuriousCrow-mp4cx The UK debt could in theory be repaid overnight. It would just have to create enough new money (not print) to repay that debt. In practice of course that would be problematic. Government has created hundreds of billions of pounds of new money for QE.
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