Emeritus Prof Christopher May on Nostr: Well, its a good question - the first thing would be for the Govt. to reverse the ...

Well, its a good question - the first thing would be for the Govt. to reverse the logic of cut then invest, to invest first & then cut if required (which it shouldn't be).... the difficulty for the Govt. is rejecting the advice that public borrowing is not 'too high' nor that creating credit cannot realistically contribute to stability - invested new credit (in a green transition) would help but while Reeves focusses on her inherited fiscal rule, nothing will likely be achieved.