The FT has reported that the Biden administration is going to go for a $2tn infrastructure programme in order to reshape and stimulate the US economy.
This, it is suggested is:
…the biggest public investment programme since the creation of the interstate highway system and the Space Race of the 1960s.
And including some green improvements:
…funding for traditional infrastructure upgrades, including roads, bridges, public transport networks, electric vehicles and vital hubs such as ports and airports.
Now this is after the $1.9tn stimulus plan now passed, mostly to give a boost to employment. This is about double the UK’s current stimulus per head (depending largely on how long furlough actually lasts).
So the US is now proposing a second, really transformational boost to the economy.
Meanwhile the UK Chancellor, Sunak, obsesses about paying back what he’s borrowed from his own government self, rather than trying to make this post Brexit, Covid flattened, offshore island’s economy zing.
Our elected Brexiter government has truly stitched up its people.