A recent report for the Institute for Public Policy Research reckoned that Mr Sunak is only providing a quarter of the boost it needs to stabilise the economy. But Mr Sunak has not said what his planned state bank will invest in. His speech on Wednesday was preceded by so many media leaks that very little came as a surprise. The Conservative manifesto in 2019 said that while the Treasury could borrow to invest, this could not exceed 3% of GDP on average. Older readers may recall that I was one of the few commentators to have reservations about the granting of monetary independence to the Bank of England in 1997.
Not everyone uses abbreviation for "GDP."
( z0 use :ARG0 ( z1 everyone :polarity - ) :ARG1 ( z2 abbreviation :quant-of ( z3 product :ARG1-of ( z4 gross ) :mod ( z5 domestic ) ) ) )
(z0 / use-01
    :ARG0 (z1 / everyone
              :polarity -)
    :ARG1 (z2 / abbreviation
              :quant-of (z3 / product
                            :ARG1-of (z4 / gross-03)
                            :mod (z5 / domestic))))
Not everyone uses abbreviation for " GDP . "
z1 :polarity 0
z0 :ARG0 z1
z0 :ARG1 z2
z2 :quant-of z3
z3 :ARG1-of z4
z3 :mod z5