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Public financial institutions increasingly resemble new PFI, Tim Dier notes

Public financial institutions increasingly resemble new PFI, Tim Dier notes
Public funds compared to new PFI

Tim Dier has written a paper arguing that public financial institutions such as the National Wealth Fund and the British Business Bank are starting to look less like engines of growth and more like the new PFI. Robert Colvile questioned whether it is time to limit their influence.

Colvile has previously highlighted the role of private sector growth in economic policy, citing Andy Haldane's endorsement of the Conservative strategy. He has also argued that taxing banks penalizes both investment and growth. These earlier positions reflect an ongoing debate about the balance between public and private sector drivers in the UK economy.

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