To do this Jeremy Corbyn must revisit and vigorously shake his people’s QE “money tree”. This could pay for real economic activity on the ground via decentralised infrastructure projects to make the nation’s 30 million buildings energy efficient, ensure a shift to localised renewable energy, and the building of local transport systems.
Older people with significant saving should be offered “housing bonds”, paying, say, 3% interest to help fund a massive council and affordable homes programme.
Why borrow if you’ve the magic money tree?
Plus, of course, inflation is 2.9% (?) you’re offering 3% interest and the magic money tree will drive inflation higher.
Can’t see it being all that great a deal myself.