Who Fancies paying more Income tax ?

[A Quiet Monkfish]

I have long been of the belief that there were few options but for everyone to pay more tax - it looked the only way out of a very deep hole. But if the government can keep issuing bonds, and the Bank of England can keep printing money to buy them, there's no reason why we should pay any more than we currently do.

We've got to the point where the national debt is so large, no Govt. is going to bother trying to reduce it, so yes, just print what you need and so long as there's a market for bonds & gilts then this makes sense.