The Power Test cover image

Where’s the money coming from?

The Power Test

CHAPTER

How to Set a Rule to Differ Between Capital and Day to Day Spending

Gordon Brown tried to do it with his golden rule and sort of messed it up. But we need something which is a lot more ambitious, but really financially credible. It doesn't distinguish between government spending to create more wealth than assets or government spending to consume or maintain our nice little cosy lives. There's a huge difference.

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