If upon assuming office the Government had announced a reconstruction programme of that amount for hospitals, schools, transport, etc, what a different world would we be in today. Jobs created, bankruptcies avoided, homes repossessions averted, consumer spending encouraged, increased revenue from taxes generated, and a general feeling of confidence created that the tide was turning. Who would not have preferred that, even if the cost would be a (temporary) increase in inflation, say back to 5 per cent?
The Government has expended that pounds 1.5bn and has nothing to show for it except egg all over its face.
17 SeptemberReuse content