I persist in believing that if there is to be economic recovery in the UK post Brexit then something like the Green New Deal will be an essential part of the process.
Unemployment at under 5% does not indicate the excess capacity which makes the following work:
The essence of the Green New Deal is a Keynesian stimulus. It recognises an essential truth, which is that the way to solve any government funding issue is to create well paid full employment. When you have that any government can fund itself without difficulty. Until you have that most inflation risk (excepting that from devaluation) is small.
Rather missing the point that that devaluation is a huge bolus of stimulus to the economy anyway. And GND isn’t standard Keynesianism either. It’s phantasy funded by the Magic Money Tree.
Still the international expert in political economy speaks, eh?