These Tweets from BBC reporter, Andy Verity, are worth a read. Not just the first but the thread of them. He’s explaining how austerity measures are not actually needed and making a convincing case for them stifling the growth we need:
I've just got figures for how much of the money borrowed by the government since April (by issuing IOU notes – also known as government bonds or gilts) now has the Bank of England as creditor (which created the money to do so from nothing). /1
— Andy Verity (@andyverity) March 1, 2021