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    Police State UK (policestateuk@mastodon.me.uk)'s status on Monday, 04-Nov-2024 08:31:02 JSTPolice State UKPolice State UK

    "An increase in public investment does three things. It lifts the capacity of the economy permanently by improving the public infrastructure – everything from hospitals, court buildings and public housing to improved transport, utility provision and R&D. This is especially true after years of public underinvestment – following a war, say, or a prolonged period of austerity."

    #UKpolitics

    https://www.theguardian.com/commentisfree/2024/nov/03/investment-drives-growth-thats-why-gloomy-forecasters-are-so-wrong-about-the-budget

    In conversation6 months ago from mastodon.me.ukpermalink

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      Investment drives growth. That’s why gloomy forecasters are so wrong about the budget | Will Hutton
      from https://www.theguardian.com/profile/willhutton
      The Office for Budget Responsibility’s extreme conservatism means it has woefully underestimated the impact of Labour’s public spending plans
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