Economic rethink offers hope of long-term solutions

Chris AWOl crop

Climate change and local deprivation are far too serious issues for our short-termist system of democracy to solve. Cross-party agreement on fiscal expansion is the way to go, writes Chris Brown

There is a fascinating paradigm shift in economic thinking happening right now: the Thatcher-inspired idea that a country must budget like a household is being upturned.

High-profile BBC political journalists, continually challenging politicians on how they plan to “pay the money back” are being re-educated by their economic colleagues. The BBC even showed a graphic last week confirming that 92% of the government’s pandemic borrowing had been from itself (or at least the Bank of England).

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