The Truth About Money
12 facts we need to know (and the rich do not want you to know)
1. Governments like the UK does not borrow money to cover the gap between tax and spending. Having a central bank (Bank of England) means the budget, the country, public services and UK finance do not need to borrow money to function whatsoever!
2. Countries like the UK are the perfect place to deposit saving, as we cannot run out of cash during to having that central bank
3. There are many reasons why we tax – raising revenue is not one of them! Tax is for: redistributing wealth and tackling inequality (eg, inheritance tax), discourage use of certain markets (eg, tobacco tax) and to encourage others (eg, reduce business rates on hospitality)… and reduce inflation by taking money out of the economy
4. Money is printed all the time; the government does not need to borrow or tax in order to pay for things. For example, The Department for Health and Social Care will instructs The Bank of England to print the money as a tool to mobilised doctors and nurses and to build hospitals. As long there is resources in the country (trained medical professionals, buildings, ambulances and medicine) to be put to good use (Richard J Murphy, 2026), we can continue to print money.
5. Money isn’t a thing and it’s certainly not a resource – it is a contract between 2 parties that promise they will repay a debt by giving something or fulfilling a service. Money is a promise and you can check this by reading a UK bank note, ‘I promise to pay the bearer on demand the sum of the amount’.
6. We know how scary it can be to fall into debt. As individuals worrying about how to make ends meet, money troubles keep us up at night. Dire consequences happen if individuals ran out of money i.e. homelessness… However, banks can never go into debt, because their can print money. So why do banks get bailed out when individuals are left on the streets, without food and shelter?
7. Every time a bank lends something like a mortgage, it doesn't spend anything… In fact, the bank instead treats your mortgage as an asset and a liability against your name. When you pay a loan back, the liability is taken off you name and the money is destroyed
8. This Labour Government is using a flawed measurement called Gross Domestic Products (GDP) to evaluate its central mission, to create growth. This metric is made up of four elements of an economy: government spending, business investment, household consumption and international trading deficits/surplus.
9. In fact, the guy who came up with GDP openly admitted that it wasn’t ever designed to measure the wealth or productivity of the country (Wittel, 2023)
a. And it gets worst! Government spending is key to calculating GDP – the more the government invest, the higher GDP will rise. By cutting winter fuel payments and disability benefits, scrapping the green transition commitments and reducing other department spending in real term, GDP and growth will be hit (PoliticsJOE, 2026).
10. If you want to aim for growth, you must increase investment. Money is interested in money. Government spending does not crowd out or discourage private investment, it is the total opposite!
11. Where there is a deficit somewhere, there must be a surplus elsewhere. Considering government spending and the budget of a country, if there is a deficit with that budget, there is a surplus in the economy. When the government puts in £5 and only tax £3, £2 must have gone directly into someone’s pocket… Done correctly, in the pocket of everyday people (Stephanie Kelton in Finding the Money, 2023)
12. A nurse contribution to the economy is all but infinite. Everything the former patient participate in the economy would not have been possible without the care of nurses. This is the same for any and all public sector workers from: teachers, carers, judges and civil servants (PoliticsJOE, 2025).
Join the only party which is talking about the truth of money: https://greenparty.org.uk/members/path-to-parliament/
Or find out more about the real economy versus the economics of fear. Money has the ability to left everyone in society and to learn how, visit Funding the Future.
Bibliography
Finding the Money (2023) Documentary, directed by: Maren Poitras, Hand Hewn Productions LLC): United States of America.
Keen, Steve (2011) Debunking economics: The naked emperor dethroned? [2nd edition], Zed Books; London and New York.
PoliticsJOE (2025) Economist spells out why Britain needs benefits | Emma Holten interview, Available at: https://www.youtube.com/watch?v=43P30rJ_rqs (Accessed: 15 March 2025).
PoliticsJOE (2026) Capitalism is a trap - and you can't get out | Clara Mattei interview, Available at: https://www.youtube.com/watch?v=JcLQVfYGFt8 (Accessed: 04 June 2026).
Richard J Murphy (2026) 12 questions that expose the truth about money, Available at: https://www.youtube.com/watch?v=S3RGCq5KnTU&t=613s (Accessed: 02 June 2026).
Wittel, A (2023) Expert blog: On the irrelevance of GDP to measure economic health, Available at: https://www.ntu.ac.uk/about-us/news/news-articles/2023/08/expert-blog-on-the-irrelevance-of-gdp-to-measure-economic-health (Accessed: 22 July 2026).