RETHINK
ECONOMICS
RETHINK
ECONOMICS
... and receive personalised notifications on
new pluralistic content directly into your inbox!

Why the UK government can't borrow - and we should not pretend it does

Richard J. Murphy
Youtube, 2025
Level: beginner
Perspective: Post-Keynesian Economics
Topic: Institutions, Governments & Policy, Money & Debt, Reflection of Economics
Format: Explainer Video
Duration: 00:09:29
Link: https://www.youtube.com/watch?v=kdtRJihVVuM&list=PLvRueM6wBgobwTT4ATvJjsf8OO6S7wD10

"Politicians tell us the UK is “borrowing too much” and faces a “debt crisis.” That’s wrong. The government creates the pounds it spends, and what’s called “borrowing” is really just it accepting deposits — or savings — from the public and financial markets. It’s time to stop the scare stories and understand the truth."

Go to: Why the UK government can't borrow - and we should not pretend it does

Donate

This project is brought to you by the Network for Pluralist Economics (Netzwerk Plurale Ökonomik e.V.).  It is committed to diversity and independence and is dependent on donations from people like you. Regular or one-off donations would be greatly appreciated.

 

Donate