Praise ConDems!

jimbms

StudentMoneySaver wrote: »

Stimulating growth, requires a stimulus, namely money. If that means the Government has to borrow in order to lend to key industries then so be it, the long term benefits outweigh the short term inconvenience. The country is still able to borrow and it is still meeting repayments. The UK isn't Greece, it is in a far better position but committing 'economic vandalism' (as David Miliband termed it on Twitter) will threaten the recovery.

The current Government has created the illusion that is has ceased to borrow, it hasn't. It is borrowing even more than last year. The world is fuelled by debt, if the UK wants to compete for inward investment, it needs to invest in order to attract it.

Given that the traditional industries are dying, don't you think it would be wise to invest elsewhere? For example, in IT and Science based industries and R&D related areas? There's no point in saying that the UK has no industry left and not suggesting alternatives.

You have contradicted yourself. Manufacturing is an industry, cheap or otherwise. Its only cheap because the employers choose not to pay a decent wage, allowing wages to be driven down.

It may be dificult to invest in science and engineering when labour have for years cut down on the number of science and engineering degree places in favour of getting greater numbers onto mickey mouse degrees such as travel management and media studies, face it labour have decimated your high end industrial skill and left you with a basic raw workforce, anyone with a decent degree has deserted, and why not, the UK is about one of the worst qualified IT areas so thats out, and you want the new government to invest to reverse the failings of the one eyed jock and his cronies, it's not going to happen, there is no short term alternative, it has to start from rock bottom and built up, the UK has to encourage its engineers and scientists to return and if that means giving them massive tax breaks and wiping out student loans for worthwhile courses then so be it, one of the first things should be to stop all these useless degree courses and get school levers back into doing apprenticeships and practical courses to get industry going. I am afraid you lot over there are facing some very bleak times before there is even a glimmer of hope and it is already starting, we are here seeing a 37% increase in expatriate workers opening offshore accounts, in simple terms that means people are deserting the sinking ship for warmer climes and opening bank accounts outside the UK to keep their monies in.