Theresa May has stolen the idea of People’s Quantitative Easing

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The FT has just reported Theresa May’s speech on her effective promotion to prime minister in which they report she said:

In a series of criticisms of George Osborne’s tenure at the Treasury, Mrs May said he had neglected productivity problems and suggesting that government-backed project bonds could be used to boost infrastructure.

That’s the foundation of People’s Quantitative Easing by another description by the sound of it.

Last September I asked what George Osborne would call this idea when he used it. He won’t but his successor will and wow we know: Project Bonds.

I can’t complain: I created the idea to be used. I think it will be.