For growth, we need smart government (Gerard Vélez)

Given Britain's historically and internationally low investment levels, government should use the relatively low cost of capital in the public sector to build infrastructure projects that are leased back to the private sector at a profit – thus turning the PFI system on its head. A properly funded green investment bank would go some way towards this goal but the £2bn mooted by the government will do little if anything to meet the challenge of decarbonising the British economy.