The question has been asked, time and again, as to People’s Quantitative Easing could provide on the sums invested. One way to determine that is to look at estimates of the GDP generated per £1 invested. I have not needed to do this: Savings & Poor (a rating agency) have already done so in a report published in January this year.
Recall, Ritchie’s idea is that the Local Authorities, or the government, do all this investing. Because, you know, democracy and all that, no bankers should profit.
S&P say, in that very report:
Some governments, notably in the U.K. and Australia, have extensive experience using public-private partnerships
(P3s) to finance infrastructure projects. Private-sector participation can allow governments to tap into design and
engineering expertise, better manage construction timelines, reduce costs, and improve the delivery of services to the
public. The track records for the U.K. and Australia suggest P3 projects generally suffer fewer construction delays and
smaller cost overruns. However, these results can vary, and savings may not accrue to smaller projects where
economies of scale can’t be achieved. Nonetheless, we see P3s as an appealing alternative to relying solely on public