Monetary policy will not save the economy: why the UK needs a Plan C.

 On Thursday, November 24, 2011, Robert Skidelsky and I published an op-ed in the Financial Times, arguing that QE has not done much to help the UK economy, and looking forward to the Chancellor’s Autumn budget statement next Thursday.
You can read it here.

What could a Plan C look like?  One idea that we believe could both boost demand and assist the long term rebalancing of the UK economy – all without damaging the government’s credibility on fiscal matters – is the establishment of a new British Investment Bank. 

 The Centre for Global Studies recently published practical proposals for what such a bank would look like and do.  You can read them here.