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Despite all the evidence that privatisation has been a disaster and investment is needed, the department remains in thrall to discredited financial orthodoxy, says Fran Boait of campaign group Positive Money
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An interesting article about the nature of policymaking in the Treasury, with Fran Boait arguing that a peculiar mix of economic orthodoxies - in favour of privatisation and yet also committed to "arbitrary fiscal rules" - ensure that the UK under-commits to public investment, to the extent that with have the lowest level of public sector investment in G7.