This is a transcript of Professor Stephany Griffith-Jones’s address from her joint lecture with John McDonnell MP on the case for a UK national investment bank, part of PEF’s series of public lectures on macroeconomic issues. She argues:
“It seems essential for the UK to have a national investment bank… This will help fund the investment needed to support the structural transformation required for a greener economy, that will provide our citizens with an ecologically sustainable future and decent jobs, and will increase the UK’s productivity throughout the country; above all, it can help create an economy that serves the many not the few. It would help implement and contribute sufficient financial resources to a modern industrial policy that re-balances the UK economy, between sectors and between regions, and contributes to delivering a viable ecosystem nationally and internationally.”