
The gamble for growth
Political Fix
00:00
Growth in the Short Term, Is It Possible?
This is like a big experiment because they've all said that people from that particular melee of thought, if we do this, we'll get growth up. But it just does raise this big question about if it does work, then a cent will all be proven wrong. If it doesn't work, then what happens? Well, we won't know for many, many years because you can get growth in the short term by spending a lot of money and I presume that is going to happen. To some extent, at least, unless the Bank of England really gets very tough with the government themselves. In terms of rates, that would cause a really quite constitutionally difficult situation where if the central bank
Transcript
Play full episode