Labour should target national wealth, not debt
by Mark Cliffe
Mar 26, 2024
3 minutes
Politicians generally agree with economists in saying that investment is a Good Thing. After all, it’s seen as the font of economic growth and prosperity.
And yet so often the public investment that politicians control falls victim to more immediate priorities. But this is not just about being short-sighted. At the heart of the problem are the politicians’ fiscal rules, which focus on rather than what really matters, the nation’s . Indeed, the obsession with debt has blinded if we are to grow the and cover our debts.
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