Oreo
volver3 your comments on this thread alongside those of MaizieD are like a comedy double act.😂
One thinks only they know how to solve the problem ( no, you sure don’t) and the other thinks printing money is the answer to everything ( no, it isn’t.)
How do you think we fought wars in the past. The Bank of England borrowed money. The wars were fought. The loans were paid back. The amount owed has gone up and down ever since the B of E came into being (1694) Think about all those wars starting with the 9 Years War against the French and then the War of Spanish Succession (1701 - 1714 ) and so on. Wars cost money. Where do you think it comes from if not the people? And some institutions of course who buy gilts.
Money is borrowed from me, you anyone else who has some funds to invest. Govt stocks are safe.
The following is an extract from pensions expert.com.
"They are deemed as one of the safest investments. After all, the UK government is unlikely to default on its debts as it can always print more money. But because gilt prices change in value all the time, that means there is investment risk attached, and you need to be comfortable with that and do your research first.21 Nov 2022"