The UK government can never go bust because it quite literally makesthe money to pay its debts.

The UK government cannot go bust because it is the only organisation
with the ultimate authority required to create the money that’s required to
settle its debts. It really is time politicians understood that.

#uk #money #economy #politics #government #tax #labour #starmer #health #life

ABOUT RICHARD MURPHY
Richard Murphy is Emeritus Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best-known book is ‘The Joy of Tax’.

This video was edited by Thomas Murphy.

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