Shein outsells Asos and we're told it's a customs loophole. Cute. The loophole is thin pay packets that can only stretch to £8 tops.
Westminster issues the pound. It can fund decent wages and a Job Guarantee.
@mmt-action.bsky.social
@mmt-action.bsky.socialShein outsells Asos and we're told it's a customs loophole. Cute. The loophole is thin pay packets that can only stretch to £8 tops.
Westminster issues the pound. It can fund decent wages and a Job Guarantee.
@mmt-action.bsky.social"Unlock billions" makes it sound like a vault. It's a timetable. Westminster issues the pound, so the £39bn waits on an election, not a bank balance. Housing associations are ready to build. The real limits are builders and land, not cash.
@mmt-action.bsky.social"Credible to markets" is a strange test for the government that issues the pound. Gilt yields are a policy choice, not a verdict. The Bank sets rates and can buy gilts. The real limits are resources and inflation.
#MMT #UKGreenParty #Economics #UKPolitics #UKEconomics
Source: Guardian Business
@mmtuk.bsky.social(1/5) The UK Green Party has just passed a motion replacing fixed fiscal targets with a functional framework: fiscal space is real resources, not arbitrary debt limits. That's MMT in practice.
@mmt-action.bsky.socialBond yields are soaring because central banks raise rates, not because debt is too high. Austerity will deepen shortfalls. Why is the currency issuer letting interest costs spike instead of anchoring rates?
#MMT #UKGreenParty #Economics #UKPolitics #UKEconomics
Source: Guardian Politics
@mmt-action.bsky.socialSpend more than £1bn to "help" frames public provision as a budget constraint. Real question: why isn't energy publicly provided or subsidised at source? A currency issuer doesn't ration help. It builds capacity.
#MMT #UKGreenParty #Economics #UKPolitics #UKEconomics
Source: Guardian Politics
@mmt-action.bsky.social"Britain can't afford £10bn", wrong frame. A currency issuer asks what real resources and manufacturing capacity exist, not whether the budget balances. That's the actual constraint worth debating.
#MMT #UKGreenParty #Economics #UKPolitics #UKEconomics
Source: Guardian Politics
@mmt-action.bsky.socialWage theft disguised as a supply-chain story. A currency issuer can fund public energy capacity and anchor wages through the Job Guarantee. It chooses to let workers absorb inflation instead.
#MMT #UKGreenParty #Economics #UKPolitics #UKEconomics
Source: Guardian Business
@mmt-action.bsky.socialSure Start worked. Now watch ministers credit "efficiency" while underfunding the next generation. Early childhood isn't a legacy to coast on. It's real spending on real brains. The currency issuer can afford it.
#MMT #UKGreenParty #Economics #UKPolitics #UKEconomics
Source: Guardian Politics
@mmt-action.bsky.socialIndependent regulator to cap fees while leaseholders stay trapped in the system. The government can't regulate its way out of what it should just fix: make leasehold itself optional. Real power means choice, not better complaints forms.
@mmt-action.bsky.socialFire-and-rehire is a choice, not necessity. Glasgow gets a block grant from Westminster. Why is the currency issuer starving council payroll instead of funding it?
#MMT #UKGreenParty #Economics #UKPolitics #UKEconomics
Source: Guardian Politics
@mmt-action.bsky.socialThe real question: why is a currency issuer tolerating involuntary unemployment at all? The Job Guarantee replaces this chaos with a living wage job offer to anyone who wants one.
#MMT #UKGreenParty #Economics #UKPolitics #UKEconomics
Source: Guardian Business
@mmt-action.bsky.socialThe betting shops say a tax rise will destroy jobs. They always say that. The real question: does the government need the £460m, or does it need the real resources that money would buy. Those are different things.
#MMT #UKGreenParty #Economics #UKPolitics #UKEconomics
Source: Guardian Politics
@mmt-action.bsky.socialA currency issuer doesn't choose between support and work incentives. It funds both. Framing this as a swap masks the actual trade-off: whose interests win.
#MMT #UKGreenParty #Economics #UKPolitics #UKEconomics
Source: Guardian Politics
@mmt-action.bsky.social"Bond markets spooked" = "we're raising rates anyway". Interest rates aren't market outcomes; the central bank sets them. Energy shocks need supply fixes, not unemployment. The deficit isn't the problem; stagflation is.
@mmt-action.bsky.socialThe framing: vape tax funds public health. The reality: a currency issuer doesn't need vape taxes to fund anything. The actual question is whether it reduces smoking or just makes poor smokers poorer.
@mmt-action.bsky.socialCurrency issuer asks "how will it be funded" about its own spending. The real question: what real resources and capacity does adult social care need, and is the budget sufficient to acquire them? Funding is not the constraint.
#MMT #Economics #UKPolitics #UKEconomics
Source: Guardian Politics
@mmt-action.bsky.socialGreen levies or general taxation: false choice. Currency issuer can fund green infrastructure without either. Real question is capacity to build the stuff, not where the money comes from.
@mmt-action.bsky.socialBest thing we can offer is a job, not benefits: true. But borrowing-cost pressure exists because Westminster treats the currency it issues like one it doesn't. A sovereign can fund both. The real constraint isn't money.
@mmt-action.bsky.social"Would be very substantial", for whom? The UK government issues the pound. The real question is whether we have the care workers, training capacity, and real resources to build it. Cost is a choice, not a constraint.