I don't understand how you can write an article like this without any mention to the gold standard. With a floating Pound the problem of financing disappear as

I don't understand how you can write an article like this without any mention to the gold standard. With a floating Pound the problem of financing disappear as happened later in the Second World War. Note that they would be forced to tax heavily and emit bonds in order to retire money from the economy and avoid inflation, but it would not be a problem of 'where to get the money'. In times of war, the veil disappear and it becomes clear that the important thing is how much the economy can really produce, not how much money the country has.