What that means is that what we need now is an industrial strategy, which is something no UK government has had for decades. Money has to be spent, wisely. This is, of course, why we need a Green New Deal and a national investment bank to direct it, including by taking stakes in companies.
There’s a certain handwaving assumption there, that government direction of investment will mean money being spent wisely. You know, HST 2 and all that. Even, as the P³ himself says:
The government has shown no more awareness of this economic consequence of coronavirus, and the long term impact it will have, than it has of the epidemic itself. It has randomly bunged money (no other term is appropriate), without reason, and with indifference to consequence,
So, err, more government direction of investment solves this problem how?