At which point we come to the man who is not afraid to tell it as it is. Private banks have a poor record in financing new investment, preferring instead to expand reckless consumption and casino-like speculation. Frankly, both Brexits are hard; it is just that no-deal would be even harder. Neither is the Treasury being as creative as its counterpart in Germany, where a 100bn state fund can take Covid equity stakes in otherwise financially viable firms. A major investment package that boosted jobs and growth would also see public debt as a proportion of GDP fall.
Frankly, both Brexits are hard; it is just that no-deal would be even harder. Neither is the Treasury being as creative as its counterpart in Germany, taking a 100 billion state fund will take refuge.
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Frankly , both Brexits are hard ; it is just that no - deal would be even harder . Neither is the Treasury being as creative as its counterpart in Germany , taking a 100 billion state fund will take refuge .
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