Excl: case studies show Labour investment WILL pay for itself

A very important post from the Skwawkbox

The SKWAWKBOX

In a bid to divert attention from the wet blanket of Philip Hammond’s budget last week, the Establishment has been attacking Labour’s plans for borrowing (only) for investment.

Channel 4’s FactCheck issued an article criticising Shadow Chancellor John McDonnell’s supposed lack of understanding of how government borrowing works – allowing Tories to crow briefly and erroneously – only to have to issue a corrected version. Other ‘MSM’ piled in with similarly-misplaced attacks.

The push-back against this nonsense has started. A group of twenty-three renowned economists also made a firm, public statement of support for the sound economic principle of government borrowing to invest to strengthen the economy – and the tax take.

Now the impact of government investment – and the reality that it pays for itself in economic growth and improved tax-receipts – can be seen in these previously-unreleased case studies of three planned Labour investment projects:

Crossrail for…

View original post 511 more words

Author: Thomas

I am branch secretary of NAS West Norfolk and #actuallyautistic (diagnosed 10 years ago at the comparatively advanced age of 31). I am a keen photographer, so that most of my own posts contain photos. I am a keen cricket fan and often write about that subject. I also focus a lot on politics and on nature.