Uk

Why sovereign democracies must dismantle the mythology of ‘bond vigilantes’ to restore political agency

The number of people in the UK without work that want it

Rachel Reeves’ tax hikes are sold as plugging a ‘black hole’, but the real aim may be freeing up resources for public investment, not balancing a mythical household budget

Sectoral Financial Balances for the UK as a % of GDP, smoothed over a year

Debunking the crash narrative: Why fears over UK borrowing levels misunderstand the fundamentals

Exploring the role of taxation in the UK’s monetary system, this article examines HMRC’s enforcement powers, and the physical limits of tax collection

Junior Doctors need to enforce their equal pay rights to get the pay they deserve.

The programme schedule is now available on the conference website. This year’s conference has managed to gather the MMT founders and thinkers in one place, promising engaging talks and insightful panel discussions. By attending, you can deepen your understanding of Modern Monetary Theory, network with fellow MMTers, and gain valuable insights into current economic debates. With limited tickets remaining and time running out, secure your spot today. Visit the website to sign up now. ...

There is no risk that interest rates on UK government debt will reach crippling levels. Interest rates are policy variables. Paying interest is a political choice. Betteridge’s law of headlines applies.

Once intra-government transactions are eliminated, QE represents an exchange of gilts (liabilities of the National Loans Fund) for central bank reserves (liabilities of the Bank of England)