The shadow chancellor Chris Leslie said Corbyn’s plans to fund infrastructure investment by printing money would “push up inflation, lending rates, squeeze out money for schools and hospitals and mean spending more on debt servicing”.
Looks like Corbyn has swallowed Ritchie’s Green QE hook line and sinker.
The problem, as ever, being that Ritchie doesn’t understand, refuses to understand, that the point and purpose of QE is that it is reversible. And this therefore isn’t QE, this is simply printing money to spend.
We really might see Baron Murphy if Corbyn wins.