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Shouldn’t we be celebrating recent record national savings?

There is new national debt data out today. This was my reaction to the announcement from the Office for National Statistics on Twitter:

I am making a very deliberate point. In a world overflowing with savings (because the wealthy are getting ever-richer) a great deal is being deposited with the government. Isn’t that good news? And shouldn’t it be promoting the idea that people could do this to transform our economy for the better?

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