Planes and trains can deliver the growth the IMF wants

Research output: Contribution to specialist publicationArticle


The International Monetary Fund’s annual report on the UK economy calls for the Chancellor to boost economic growth through investing in infrastructure.

While the IMF is right to make this point, we must ensure we do not once again become bogged down in the simplified debate around “austerity vs stimulus” that has dominated policy discussion in recent years. Economic growth will only return through what is known as “investment spending” on planes, trains and other projects with a strong “multiplier” effect.
Original languageEnglish
Specialist publicationThe Conversation
PublisherThe Conversation UK
Publication statusPublished - 22 May 2013


  • Transport
  • IMF
  • Investment
  • Infrastructure
  • Energy policy
  • Economic growth
  • George Osborne
  • HS2


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