Interest rates would need to be more attractive, but bonds could act as test run for financing greening of economy
It’s a sign of how bad things have got for Sir Keir Starmer that the Labour leader felt the need to float his idea for British recovery bonds in his speech on the economy. Opposition leaders tend to keep specific policy proposals under wraps in the early stages of a parliament because they know there is a risk they will be filched by the government if they are any good.
Instead, they prefer to focus on the big picture: the current lot are making a total hash of things, there must be no return to the failed policies of the past, we must invest in the future. And most of Starmer’s speech was indeed made up of that sort of stuff, coupled with the usual harking back to the postwar Attlee government.
