Re: a 50p coin commemorating Brexit
They might not be balancing the budget anytime soon, but I think you'll find the difference before "slashing all public services" is that we used to have an annual deficit of 13% of GDP and now it's down to 1.2% of GDP.
Once you get the deficit lower than annual growth, then the overall debt-to-GDP level starts to fall (it peaked last year or the year before at just under 89% from memory). No country can long sustain increasing government debt at over 10% of GDP per year. In an ideal world you'd run small surpluses in the boom time, in order to give room to deficit-spend in recessions - or at least that's the Keynsian model. The problem with Keynesian economics is loads of people love it during recessions, when it means more government spending - but many fewer are fans during growth, when it means spending less than you otherwise could.
Biting the hand that feeds IT
