dgp4indy

Why Repaying The National Debt Is Not A Good Idea

"The truth is that the national debt is fundamental to the success of our economy because it provides us with our national money supply, and we cannot survive without that. Those suggesting we can either limit this so-called debt, do without it, or repay it, must be treated with suspicion. What they propose not only threatens the entire public sector of the UK, but also the economic viability of the country as a whole. It is for them to justify why they would wish to do that."
https://www.taxresearch.org.uk

The Cost Of Brexit.

"Brexit has cost the UK £140bn so far, according to new analysis, and could see the nation £311bn worse off by the middle of the next decade, according to a new report."
https://news.sky.com

Banks Create Money Out Of Thin Air!

"Here we're advised by the Norges Bank, the Bank of Norway, that "When you borrow from a bank, the bank credits your bank account. The deposit – the money – is created by the bank the moment it issues the loan. The bank does not transfer the money from someone else’s bank account or from a vault full of money. The money lent to you by the bank has been created by the bank itself – out of nothing: fiat – let it become. The money created by the bank does not disappear when it leaves your account. If you use it to make a payment, it is just transferred to the recipient’s account. The money is only removed from circulation when someone uses their deposits to repay a bank, as when we make a loan repayment... To sum up: banks create money out of nothing and withdraw it when loans are repaid."

https://www.norges-bank.no/en/news-events/news-publications/Speeches/2017/2017-04-25-dnva/"

https://www.taxresearch.org.uk

The False Economic Assumptions Behind The 2023 Autumn Statement

"What is really depressing about today, the Autumn Statement that Jeremy Hunt will deliver, and the response we will get from Rachel Reeves, is the fact that all of them believe in the wholly artificial constraints that they impose on themselves so that government might fail to meet the needs of the people of this country. In no particular order these are:"  Read on....
https://www.taxresearch.org.uk

Concerns Raised Over the Ending of Analogue Phone Lines

England Is Sucking Value From Scotland As Hard As It Can

"Johnson wants to retain Scotland precisely because he knows London needs its economic support. Ignore the rigged data in Government Expenditure and Revenue Scotland. The reality is that little England knows that it is sucking value from Scotland as hard as it can. And it does not want that to stop. And the chance that it might is what petrifies them."
https://www.taxresearch.org.uk