The Labour leadership frontrunner has proposed ‘people’s QE’ to fund infrastructure, instead of banks, but Yvette Cooper says it is bad economics
Jeremy Corbyn, the frontrunner in the Labour leadership election, has proposed “people’s QE” to fund extra infrastructure spending, build homes and invest in green industries.
The policy of “quantitative easing for people” has been attacked by fellow candidate Yvette Cooper, who said it would lead to higher inflation and a weaker pound.
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