it's right wing bullshit.
The UK is never limited in the amount of £ it can issue to cover govt deficits. Read a textbook. Issuers of currency do not borrow i that currecy. Debt and deficits have economic impacts, but there is no hard limit.
The only reason for austerity is that rich twats want austerity so they can continue their insatiable greed.
3 nested death spirals. Or at least 2. Hydro should recover, at least temporarily, outside of El Nino.
The article doesn't waate time on talking about what the govt might be doing instead...to...you know... transition away from oil & ng over the next 25y. They certainly won't be slapping 100% tarrifs on super cheap Chinese EVs. Now even cheaper since they can't be dumped in Europe & NA.