Action to promote growth - why didn't we think of that?

Tullett Prebon CEO and Fundsmith founder Terry Smith discusses the latest UK government borrowing figures and policymakers' plans to stimulate growth.

Greetings from New York. I have been busy on this side of the Atlantic for the past couple of weeks, but have been prompted to write by a sequence of developments. First there were reports the government is considering plans to stimulate housebuilding. These were followed by an open letter from Alistair Darling, the former Chancellor, in which he urged the government to change course and take ‘urgent action to promote growth’, including building more houses and other infrastructure projects. Then this was followed by the grim figures for the public finances just in. July is usually a ...