You can call me an idiot if you like, although I do have an OK grasp on financial gubbins, but I'm a little confused about something that I wondered if someone could clear up for me?
Labour came to power owing nothing. Then they borrowed money. Lots of it. If the target of 40% of the GDP (or whatever it is - I'm sure I've got that wrong) is exceeded then they - I disassociate myself from Crash Gordon and his cronies - must have borrowed a hell of a lot.
My question is, where did they borrow all of this money from? The BOE? Surely there isn't an unlimited pot, and if they continue borrowing does it lead to hyperinflation of some such financial faux pas?
A simple-ish answer would be gratefully received!