So after skimming this, it looks like they spend pretty much the whole 34 pages saying "the economy is bad and it isn't getting better." Fine, but I'm not sure

So after skimming this, it looks like they spend pretty much the whole 34 pages saying "the economy is bad and it isn't getting better." Fine, but I'm not sure that implies disaster. Aren't the typical solutions for massive debt either a) default or b) inflation? Since Britain has its own currency, it can just inflate away its debt if worst comes to worst. I didn't see any place where they even considered this possibility. On an unrelated note, I'm pretty impressed with how well Firefox's new PDF engine renders this large PDF. It's a bit slow, but not bad.