This letter was in the Guardian today:
A new form of quantitative easing to fund green activity would strengthen the economy not only of the UK but also of the rest of Europe, were it to be introduced continent-wide. This approach would be preferable to the proposed “helicopter money” solution (Report, 25 August), whereby newly printed money is showered indiscriminately on the majority of EU inhabitants. This would suck in more imports rather than paying for the kind of labour-intensive, green infrastructure programme that could help provide every community in Europe with a sustainable local economy.
Colin Hines
Convenor, Green New Deal Group