Friday, July 27, 2007

Mr Brown’s big brownies are about to hit the books

Capital projects face funding cuts

Indirectly related to houseprices, but it looks like all that PFI "hidden debt" is about to resurface, hitting capital investment.. such as a plan to build all over the green belt? The move could see the government breaking one of Mr Brown’s two cherished rules for running the economy. But the sustainable investment rule is seen as increasingly discredited and both economists and the Conservatives have been urging a rewrite – something Mr Darling could use the accounting change to achieve with minimal political damage.

Posted by dohousescrashinthewoods @ 09:17 AM (589 views)
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2 thoughts on “Mr Brown’s big brownies are about to hit the books

  • the bald man says:

    PFI=Enron for governments

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  • japanese uncle says:

    Next will be the two giant (by the British standard) aircraft carriers, each costing 2 billion quids. They won’t be finished forever, because of the shortage of fund.

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