hathathat
Joined 9 years ago
Joined 9 years ago
Not trivially? [1]
[1] https://www.theguardian.com/society/2017/jul/18/uk-cancer-su...
Your link just explains that they’re trying to reduce the gap between tax income and expenditure, but the absolute level of expenditure (my link) has gone up every year (in real terms too)!
Um, what? [1]
[1] https://en.m.wikipedia.org/wiki/Budget_of_the_United_Kingdom
I’m not sure how you get this from your reference - people deposit money at a bank, and the bank lends (gives!) some of that money out to (e.g.) students. The “creation” comes from both the depositor and the borrower thinking they have the money.
[1] https://ec.europa.eu/growth/sectors/automotive/legislation/u...
[1] https://www.ft.com/content/993e4c11-8729-3168-a280-69e1d400b...