Time for the direct approach….

On March 1, 2012, Robert Skidelsky and I published an article in the New Statesman arguing that printing money and cutting taxes – examples of the indirect approach to promoting growth currently favoured by the government – are not enough.  The Chancellor should use his 2012 budget to try an alternative: upgrading the Green Investment Bank to a full-scale British Investment Bank that can provide a direct stimulus to the recovery and rebalancing of the UK economy.

The article was No.1 on PoliticsHome‘s Top Ten Political Must-Reads on March 1, 2012.

You can read it here.