Letter: Manifesto for recovery
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Your support makes all the difference.Sir: We need green leaves, not merely green shoots, for a sustainable recovery. Your 10-point plan, particularly in its emphasis on infrastructure for private transport, fails this test. The more fundamental change needed in policy should include:
1. a shift over five years from taxation of income to taxation on pollution and energy;
2. widening of the economic indicators guiding policy to include social and ecological indicators;
3. imaginative new approaches to unemployment, such as workshare and basic income schemes. Public investment for environmental goods, such as the four Rs (re-use, recycling, repair and reconditioning). Housing and conservation projects also offer low-inflationary and low-import paths towards job creation.
Yours sincerely,
ED MAYO
Director
The New Economics Foundation
London, E1
22 October
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