No it does not.
This Keynesian bullshit about “helicopter money” is just that — bullshit.
I am sure if Gordon Brown believed that “helicopter money” worked, he, been Labour, would rather spend money on whatever current Labour’s liability Jeremy Corbyn is planning to spend it, rather then do Quantitative Easing :)
If you maxed up on your credit card, what would you do? Go and splash on the latest electronic toys for your children and take your wife to a nice expensive restaurant, explaining that you this way you “investing money” for “future growth”? For some reason Labour thinks that their voters are that stupid…