BUT.
There is a bond market (or more generally a macro) constraint to borrowing, as there was in the 2010s - we just weren't near it then. Dodging the issue/pretending it doesn't exist isn't a policy.
Zack is, without doubt, a great communicator. And on him talking about democracy & the bond markets I'm reminded of Eddie Dempsey at the Durham Miners Gala when he asked "who elected the bond market?"
BUT.
There is a bond market (or more generally a macro) constraint to borrowing, as there was in the 2010s - we just weren't near it then. Dodging the issue/pretending it doesn't exist isn't a policy.
www.mirror.co.uk/news/uk-news...
www.mirror.co.uk/news/uk-news...
⚡️ Bringing the first council homes to Battersea Power Station with LB Wandsworth and BPS Ltd
🏡 100 new affordable homes completed at Oval Village with Peabody and Berkeley
🏙️ Topping out 218 new homes (63 for social rent) on the Isle of Dogs with Riverside and Mount Anvil.
⚡️ Bringing the first council homes to Battersea Power Station with LB Wandsworth and BPS Ltd
🏡 100 new affordable homes completed at Oval Village with Peabody and Berkeley
🏙️ Topping out 218 new homes (63 for social rent) on the Isle of Dogs with Riverside and Mount Anvil.
open.substack.com/pub/davidaar...
open.substack.com/pub/davidaar...