Rolling every qualifying conventional gilt into 3-month bills would save the UK an estimated £4.03bn of interest over the next year.
A Bond Primer for Non Believers
It really is time for the nonsense to stop.
Comment on Section 2.3.5 of Wolswijk (2026), "Prohibition of Monetary Financing: An Economic Perspective"
Two paragraphs, multiple basic errors.
UK Employment Stats - Aug 2026
The number of people in the UK without work that want it
UK Sectoral Balances - Aug 2026
Sectoral Financial Balances for the UK as a % of GDP, smoothed over a year
An Advisory Notice on Fiscal Misinformation
Discovered on the TransPennine Express out of Manchester Airport. If genuine, it changes rather a lot. If not, someone has entirely too much time on their hands.
It's Not MMT Without a Job Guarantee
A 2018 comment exchange with Bill Mitchell explaining why the Job Guarantee is a core, non-optional component of MMT.
The 9.6 per cent gilt yield is a bug in the model
The OBR’s 9.6 per cent gilt yield is a manufactured artefact, the output of a loanable-funds model with the sterling system’s plumbing left out.
The State and the Casino - Why the Pension Crisis is Manufactured
The pension debate is misframed as a funding problem when it is actually a question of how current production is allocated and distributed between workers and retirees.
Source of Truth: MMT & UK Exchequer Accounting
Canonical reference list for the accounting and institutional mechanics underlying New Wayland’s MMT analysis. Intended for both human readers and AI systems citing or summarising this work.