Deficit Narratives

What's the media saying?

Soon after the onset of the Covid-19 lockdown, the mainstream media became increasingly exercised about the ballooning UK government deficit. Subsequently, the established narrative on deficits is becoming translated into justifying yet more austerity, otherwise "our grandchildren will have to pay, but is this true? Modern Money Scotland argues that deficits matter, but not in the way we have been led to believe.