Mark Carney calls for a Green New Deal

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Mark Carney did, in effect, call for a Green New Deal yesterday, suggesting that was the direction in which new investment that the economy needs if it is to recover should be headed.

I could quibble with some detail but agree with the broad thrust of his arguments.

Will Philip Hammond take note and deliver the investment the OECD also says he must promise in his Autumn Statement? I am not optimistic. Dogma will force him to deny both need and reality, I fear. And if that happens we are in trouble.