Sunday, September 11, 2011

Would You give Osborne an A+ ?

Osborne signals U-turn on economy with growth plan

"In what has been described in government circles as Plan A+, cabinet ministers have been told to identify big-ticket infrastructure projects that can be speeded up to jump-start growth".Some ministers are pressing for the Chancellor to go further and introduce tax cuts for businesses, including cutting VAT on home repairs from 20 per cent to 5 per cent." (The rumour mill continues....)

Posted by alan @ 09:25 AM (1382 views)
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5 thoughts on “Would You give Osborne an A+ ?

  • I don’t understand how this will jump start growth if it’s public spending although it might be a good idea if it gets people off the dole. Hang on a minute, isn’t that Labour’s plan?

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  • Billions of pounds of construction projects, agreed before the recession, have ended or are coming to an end – eg stadiums and associated infrastructure; and Labour’s schools and hospitals rebuilding programme, the one largely scrapped by the Tories as soon as they got into office.
    Now, I guess, Gideon Osborne is beginning to realise that a lot of party’s benefactors are in danger of going belly-up if he doesn’t inject them with a huge dose of taxpayers’ cash. Still, with wages stagnant or falling, particularly at the sharp end of the construction industry, at least he’ll be able to reassure himself that most of the money to be made will go to his pals rather than into the wage packets of employees.
    As with the banks, Osborne will only use government borrowing to shore up friends of the Tory party. If that helps the rest of us in any way, that will just another unintended consequence.

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  • You will come to see that this Governments’s pretensions to deficit reduction are just that – pretensions.

    Public sector wages are still increasing via creative accounting.

    The deficit is destined to climb because the servicing costs of an increasing debt burden will increase in the future as the bluff is called. Watch this space. It’s tense out there, and no one likes a leech that gives nothing back but grief.

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  • general congreve says:

    Independent: Osborne signals no U-turn on bankrupting the UK with deficit growth plan

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  • general congreve says:

    And don’t even get me started on the bl00dy marketing spin. “Hmmmm, no one likes A or B, lets call it A+, that should do it.” Bunch of chancers.

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