"Pension funds and life assurance funds are critically dependent upon the existence of the UK government's national debt because it is the safest form of savings available to these funds who save for the long term.
So you, probably, have hung your future security on the back of the UK government debt, whether you know it or not. Without that national debt, savings and finances in this country would not work."
https://www.taxresearch.org.uk/Blog/2026/03/22/the-national-debt-is-not-what-you-think/
#NationalDebt #UKpolitics #inequality #MMT
So you, probably, have hung your future security on the back of the UK government debt, whether you know it or not. Without that national debt, savings and finances in this country would not work."
https://www.taxresearch.org.uk/Blog/2026/03/22/the-national-debt-is-not-what-you-think/
#NationalDebt #UKpolitics #inequality #MMT

The national debt is not what you think
We have just published this short video on YouTube and many other channels. This is the transcript: The national debt is not what you think. We’re told it’s debt, and it has to be repaid, but what if repaying it would crash the economy? That is what would actually happen. The point is, the...