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Not many opinions are universally shared, are they? Would you agree, in terms of UK, it's a meaningless figure?

JFC, this is painful. WTF are you ranting about? You really seem to think that as soon as the PM (or whoever else) says something it immediately becomes law. JFC. How can parliament authorise anything if it's not laid before it? Who, but the executive (that's government for those who don't...

You don't seem to understand how the executive works. If something the PM (or any other minister) wants to do requires a change in legislation then yes, of course, it will be laid before parliament.

If you read carefully you will see my answer to the WWII stuff was prefixed with, guess what, yes ... WWII But hey, feel free to conflate anything that doesn't suit your own warped narrative. Stumped for an answer? Yes, of course. Away with you, you troll!

No, Pat ex, if the UK govt 'wants more money' then parilament has to authorise the spending - once that's done it can't legally be stopped. No, Pat ex, it doesn't print it. It instructs the BoE to mark up accounts of recipients, it's digital. WWII - you've inadvertently pointed to the core...

The UK govt is not fiscally constrained in any way. Whatever spending parliament authorises, regardless of size or purpose, cannot legally be stopped. As I explained in posts 183 & 184 UK govt has no need to borrow it's own currency to spend. Spend, spend, spend ... why not if the resources...

As I said, Debt/GDP ratio is an utterly meaningless figure for currency issuing govts with no foreign debt. Italy has the self-imposed constraint of using a foreign currency - the Euro - but that doesn't seem to matter , at least for now as the ECB has decided to ignore it's own SGP & EDM and...

Don't know why it seems to have posted multiple times ... hey ho. Anyway... Govt never needs to pay back any of its debt to the BoE (as the BoE is the govt's own bank) and IIRC it never has. It's not borrowing in the sense you or I would understand it as it never has to be paid back. Fair...

Nope. It's true to say the govt 'borrows' from BoE. However, govt owns the BoE so it never needs to pay back any of it's debt. No dramas there. Debt/GDP is a completely meaningless figure. Japan has run huge deficits for years - no Debt/GDP dramas there. Initially the bonds are bought by banks...

Nope. It's true to say govt borrows from the BoE. However, UK govt owns the BoE so it never needs to pay back any of it's debt. No dramas there. Debt to GDP is a meaningless figure. Japan has run huge deficits for years No dramas there either. Initially the bonds are bought by banks in the...

IMF is only involved in posts 175 & 176. If you read the posts you listed, you'll see.

Involved in what?

Good question. Ask yourself this: why would the UK govt ever have to borrow the currency that it, and only it (and it's authorised agents) is legally allowed to create? The simple answer is, it doesn't need to 'borrow'it's own currency in order to be able to spend and ... it doesn't. The...

Not much printing these days, mostly digital. Explain your reasoning.

What, exactly, creates high inflation?

Another hysterical rant about something that doesn't exist.

So no explanation then. See post #86 for a simple description of govt fiscal ops. Sure, more £s in the economy means the £ is devalued, sure. Clueless.

Biden said "If Russia invades there will no longer be a Nordstream 2" in Feb this year.

I tried to engage (in good faith) with that fella yesterday on the same topic. I got a rant about fractional reserve banking (doesn't exist in the UK) and Cyprus ( a country which uses a foreign currency) followed by abuse. I'm happy to discuss with anyone who wants the discussion until/unless...

Care to explain how the UK - a country with a currency-issuing govt with it's own fiat, floating currency and no (or tiny amounts of) debt denominated in a foreign currency - is or will become bankrupt?