The extractor class are a threat to anyone who isnât earning millions from their wealth
Thereâs really no need for anyone to have a go at public sector workers wanting a fair deal. Theyâre not the cause of the cost of living crisis, their fight is actually part of the solution
Apr 21, 2025 ⢠16 tweets ⢠4 min read
UK Government finances are nothing like that of a household or business
While we need to gain financial means in order to live, the UK Govt needs to ensure that it spends sufficient financial assets into the economy (and in the right places) in order for the country to thrive
So why does @BBCRadio4 reinforce falsehoods about the UK Government needing to âborrowâ from the bond market in order to finance its spending?
Bias and inaccuracy laced throughout this âexplainerâ
Weâre hearing on @Channel4News that the Post Office postmaster scandal will âcost taxpayersâ at least ÂŁ1.4b which could fund 46000 new teachers.
There are TWO fundamentally false assumptions that are being made in presenting the sum to be paid by Govt. in this way.
FIRST: Whatever the level of the final sum, the UK Government will pay for the costs by increasing the balances of bank accounts after Parliamentary approval of the amount to be paid. NO TAXPAYERS are involved here.
Jan 6, 2024 ⢠13 tweets ⢠3 min read
Thread:
Paying NHS staff a wage sufficient to keep them in the NHS isnât just a good idea to improve all NHS performance measures, it would also boost your local economy. ?Howâs that you ask
Taxes donât âpay forâ the NHS as you may have been told by politicians from MrsT onwards
The UK Government pays for public services by actually creating public money as it spends.
Remarkable but true. Budget day is all about the Government announcing how theyâre taking money from the economy and the UK public and is always big news!
Remember this from 2011? - âBefore the election David Cameron promised NHS staff there would be no more top-down reorganisation of the NHSâ. We then had reforms âso big they could be seen from spaceâ. Now @Conservatives promise the NHS is not for sale! Yeah right #GE2019#VoteNHS
And this from 2012? âProfessor David Green, Vice Chancellor of Worcester University, has written to Mr Cameron asking him to intervene to stop what he called the âmadnessâ of cuts to training numbersâ #GE2019#VoteNHStelegraph.co.uk/news/health/neâŚ
Dec 23, 2018 ⢠25 tweets ⢠6 min read
Everyone knows that money makes the world go round but few know that it spins in completely opposite directions to how our monetary system is usually described. The UK money system explained in 2 minutes (plus links for further reading) thread follows:
Money 1 - Your Bank Deposit is a record of how much YOU have loaned to your bank (to use as it wishes) - a positive balance in your bank account is just a record of what your bank owes you.
