It will happen. It’s happened before. It will happen again.
The UK can only continue to print its own money if the Bond market thinks it can pay it back. Right now , that is definitely not the case
Discussion
Fair play, though since the GFC, everyday practices exist now that they wouldn’t have dreamt of in the 70s. In relation to the bond market, looking back at the Truss effect, it seems to me that printing increases even more when the market starts to slide no?
The “Truss Effect” is total BS, the bond Market has been at the same levels as the Truss blip , for almost the entire year. If they print more, it will have the Weimar effect. Those “everyday” practices have actually put the UK in a far more precarious position