The article is an intentional lie . This government has made a conscious decision to borrow more than the last government planned to , in order to stimulate economic growth via infrastructure development . While there may be a cost associated with Brexit , it ' s not 122 billion . The government is giving more money to Scotland and Wales , and is reducing planned cuts to departmental spending . None of this is related to Brexit . <| sep |> The scale of those consequences varies , at least in part , with respect to marker credibility . That ' s the issue , there is no such thing as market credibility , or at least , in the sense that it is understood now . There ' s no financial restraint on government spending other than those imposed by law for a currency issuing government . Yes this does not mean we should issue a 1 trillion today and give it to everyone . What it does mean though is when you have a anemic economy likes ours , where child poverty is rising , with precarious work and increasingly less opportunity , unaffordable housing and so on , that you use that financial capacity in combination with your legal authority to solve these issues . Instead we are trapped in a nonsensical battle for moral superiority over an arbitrary number under the guise of fiscal ' competence '. In light of the opportunities available when you lose this mindset of we can ' t afford it , what part of our economic policy has been competent over the last 6 years ? As things stand , for the UK government spending it is always a real resource problem , i . e . do we have people with the skills to do the work , is it worth doing and do we have the tools and resources to do it ?