Government and Institutions

Hard to find ‘worthwhile shovel-ready projects’ to boost demand in the short term

Julian Jessop quoted by The Edge Markets

Responding to the Prime Minsiter’s promise of a  ‘new deal’ to rebuild U.K. economy after virus, IEA Fellow Julian Jessop said “Infrastructure spending can get the biggest bang for the buck over the longer term, if projects are chosen carefully and boost productivity, but it is hard to find a large number of worthwhile shovel-ready projects that can boost demand quickly in the short term.

Quoted by The Edge Markets, Julian added: “There is also a risk that the government simply takes jobs away from other priority areas, such as house building.

Read the full article here.