Funding the Future The alternative budget we need
Nov 26, 2025
Explore a bold Alternative Budget aimed at ending austerity and rebuilding public services. Delve into how the government creates money and the myths about taxation and borrowing. Learn about proposals to reform the Treasury and prioritize wellbeing, alongside plans for a national mortgage scheme and a public banking platform. Discover strategies for climate resilience, fair taxation, and enhancing employment rights. This vision seeks to redirect national wealth and inspire hope for a better future.
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Government Creates Its Own Money
- The government creates the money it spends and thus controls the economy's money supply.
- Taxation and deposit-taking manage fiscal balance, not 'full funding' by borrowing to cover spending.
Reunite Fiscal And Monetary Policy
- Reform fiscal rules to prioritise employment, stability and climate security over book-balancing.
- Reunite fiscal and monetary policy and return Bank of England accountability to democratic control.
Treat Bonds As Public Savings
- Treat government bond issuance as national savings products, not sacred debt auctions.
- Convert the Debt Management Office role into a public savings and investment platform.
