Cable Says More U.K. Capital Spending Might Boost Growth
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Business Secretary Vince Cable said the economic argument in the U.K. may have shifted in favor of debt-funded capital investment, with slow growth now a greater concern than a loss of market confidence.
“There is a body of opinion arguing that the risks to the economy of sticking to existing plans are greater than the risks stemming from significantly increased and sustained public investment,” Cable wrote in an article for the New Statesman magazine, headlined “When the facts change, should I change my mind?”