The government and press are at it again: “Britain is broke, so taxes must rise.”
But here’s the truth nobody seems to say out loud: in a fiat currency system (like the UK has), a government cannot run out of its own money. It can create pounds at will. That doesn’t mean there are no limits — but the idea that we’re “broke” is fiction.
Truth vs. Fiction:
>>> Fiction: Government can only spend what it raises in taxes
>>> Truth: In a fiat system, spending happens first. Taxes are collected afterwards to manage the economy, not to fill the pot.
>>> Fiction: The public purse is like a household budget.
>>> Truth: Households can run out of money. Governments that issue their own currency cannot — their limit is inflation, not solvency.
>>> Fiction: Britain is broke.
>>> Truth: The UK government creates pounds at will. The question is how wisely it uses that power.
Questions to Explore Together:
Why are we constantly told the country is “broke” when it isn’t?
Who benefits from this narrative — and who loses?
Could Britain guarantee essentials (proper pay, housing, energy, healthcare) without endless tax rises?
Should we design a fairer economic model where promotion and productivity, not inflation, lift wages?
Is the public being misled — and if so, what do we do about it?
The Bigger Point:
This isn’t about scrimping. It’s about value, fairness, and truth.
If we don’t open this debate now, we’ll keep swallowing the same story — while paying the price.
