Where’s the money coming from?
The Power Test
The Honesty of Public Investment
I can partially agree with Darren because I do think it is hugely important that we don't treat public investment like one big monolith. So I'm very heartened to see Rachel Reeves' plan for example to have an ambitious, muscular active state trying to shape the economy towards good outcomes. There's quite a traditional way of thinking about borrowing which is that it should only go on roads and hard infrastructure. And why on earth would that be restricted to things built with bricks and mortar? We should be properly looking at the evidence on whether things like childcare or other forms of social infrastructure could be part of that. No, in reality our public services are a real mess. The likelihood is that taxes
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