Why the Government should spend more on capital

Jun 22, 2020

This paper argues that the Government should spend more on capital investment. The case was already strong before the Covid-19 crisis and has been strengthened since, as its financing has become more affordable. The paper highlights the importance of taking advantage of the present macro-economic environment afforded by low borrowing costs to provide stable – and sizeable – funding for new infrastructure through an increase in capital spending by the public sector. Additional capital spending, in excess of the fiscal rules, would be sustainable and affordable.

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RT @BenMcAleenan 🚨NEW REPORT from @Policy_Exchange 🚨 Capital Shift: How the UK can use the G7, COP26 and other summits in 2021 to drive through a programme of green finance reforms. By me and @bencaldecott, with a foreword from Anthony Browne MP. policyexchange.org.u… Here’s a summary...