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Picking losers - a new economic strategy

Noticed how effective the create signs of economic life before the next election plan stimulus package has been so far? Especially the coup de theatre that was the cut in VAT to 15%.

Anyway, the TUC wants more, much more. £25 billion more, actually. Well, it is only money and it can be extorted from the remaining productive parts of the economy or the government could always borrow some more, could it not?

And the detail:

"The TUC budget submission calls for a £25 billion public investment programme, which would create and safeguard one million jobs. This would double the UK's fiscal stimulus package to 3.25 per cent, bringing it into line with the average stimulus for advanced economies recently examined by the International Monetary Fund (IMF)".

Planned recipients are predicatable enough (social housing etc), but here is the stand out:

"a £3 billion support package for renewable projects that have financial difficulties".

Erm, as indicators go, 'financial difficulties' is just about the most basic sign that one is being sold not just a pup, but a pup with mange, fleas and breath that kills plant life.

So, always supposing that Brown and the glove puppet decide that the TUC's ideas have legs, we will have the government engaged in picking losers, rather than those triumphs like Concorde, Eurotunnel etc etc.

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Blogger Newmania said... 2:44 am

Especially the coup de theatre that was the cut in VAT to 15%.


Pure Croydonian , if you could only bottle it and sell it.Brilliant  



Blogger Newmania said... 2:47 am

Like the Bon mot of the day as well  



Blogger Croydonian said... 10:15 am

If only folk would buy the product, if bottled....  



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