it's right wing bullshit.

The UK is never limited in the amount of £ it can issue to cover govt deficits. Read a textbook. Issuers of currency do not borrow i that currecy. Debt and deficits have economic impacts, but there is no hard limit.

The only reason for austerity is that rich twats want austerity so they can continue their insatiable greed.

Weird. Did something happen that, y'know, screwed up the economy really good?

I didn’t realise austerity had stopped tbh

Of course, when the ship is sinking we should reduce its weight by removing the bottom.

Or we listen to Keynes this time and simulate growth.

Cutting to growth funny enough doesn't work and there aren't really anymore cuts to make.

At the same time, there is certainly tax that could be raised. The country has a load of the world's rich and Amazon and co are not paying the tax they should be.

There is no reason not to tax the rich to fill that hole.

UK faces intelligence hole, as right wing think tanks. Deluge the public with research aimed to match there desired bias.

I really think it is time for a law. Requiing the media to make clear any bias in organisation, they use to try and shit blast their own properganda during elections.

As should politicians to be honest.

These distorted think tanks are nothing but harm to real research.

Print print print— taxpayer bailout

Print print print— taxpayer bailout

Repeat ad nauseam ♾️

This is the best summary I could come up with:

Britain’s next government will need to fill a shortfall of up to £33bn in the public finances unless it is prepared to push through a fresh round of severe austerity measures, a thinktank has warned.

The Resolution Foundation said the debate between Labour and the Conservatives over the funding of specific pledges was “detached from reality”, with election promises based on cuts that would be hard to deliver.

The Office for Budget Responsibility, the Treasury’s tax and spending watchdog, has estimated that the government is on course to meet its debt-to-GDP target with just £9bn to spare, but the Resolution Foundation said the winning party in the general election would face the choice of raising taxes or cutting spending to meet its debt target.

In its annual health check on the UK economy last month, the International Monetary Fund warned of a £30bn post-election hole.

James Smith, the Resolution Foundation’s research director, said: “The state of the public finances has dominated the election campaign so far, with the inevitable arguments over how each spending pledge is funded.

But this narrow focus risks distracting the electorate from the bigger question of how each party would manage the uncertainties facing the public finances.

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