“Britain and other advanced economies should take advantage of ultra-low borrowing costs to lift spending on key infrastructure projects and boost the global recovery, according to the International Monetary Fund.  The IMF said a debt-funded investment spree could ‘pay for itself’ if projects were chosen wisely, as government spending would stimulate demand, create jobs, and support longer-term growth. However it warned against governments embarking on a blind spending spree, which would push up debt piles without stimulating growth. Spending on infrastructure would only have a positive impact if policymakers conducted ‘rigorous’ cost-benefit analyses.”