Debt monetization has traditionally been a dirty word, but the arguments against it are no longer so convincing.
Vince CableVisiting Professor
Vince Cable is a former U.K. secretary of state for business and was leader of the Liberal Democrats from 2017 to 2019. He was previously chief economist at Royal Dutch Shell. He is currently a visiting professor at the London School of Economics. His next book, "Politicians and the Politics of Economics," will be published later this year.
Big infrastructure projects have often struggled to deliver. The government must explain how new ones will be different.
The U.K. leaves the EU on Jan. 31. That will prove easier than the doubling of growth that the prime minister has promised.