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More capital spending to help recovery?
JonnyBravo
Posts: 4,103 Forumite
Vince Cable suggests 'more borrowing for capital spending'
The government may need to borrow more to fund capital spending if the UK's economy is to recover, Business Secretary Vince Cable has suggested.
http://www.bbc.co.uk/news/uk-politics-21693829
I suspect this will have Graham spitting feathers. More debt?!!?
The government may need to borrow more to fund capital spending if the UK's economy is to recover, Business Secretary Vince Cable has suggested.
http://www.bbc.co.uk/news/uk-politics-21693829
I suspect this will have Graham spitting feathers. More debt?!!?
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Depends what the money is spent on. How much directly benefits the UK economy. Little substance at the moment. Just hot air.0
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JonnyBravo wrote: »Vince Cable suggests 'more borrowing for capital spending'
The government may need to borrow more to fund capital spending if the UK's economy is to recover, Business Secretary Vince Cable has suggested.
http://www.bbc.co.uk/news/uk-politics-21693829
I suspect this will have Graham spitting feathers. More debt?!!?
Maybe, maybe not.
Capital spending on house building for instance to bring jobs & homes to people would be very much welcome!
If it's more tinkering in the vein hope that making everything more expensive helps people spend, not so good.0 -
Just cut the state pension and NHS. No need to borrow anything.0
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Hey.....that's what Balls has been calling for during the past 3 years. Glad to see Vince starting to see some sense.0
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Yes and no!
Whilst we shouldn't be afraid of borrowing for specific infrastructure projects that will help the UK be more competetive in the future, aat the same time we should be cutting back all none essential public expenditure far harder and quicker than we are doing currently."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
Graham_Devon wrote: »Maybe, maybe not.
Capital spending on house building for instance to bring jobs & homes to people would be very much welcome!
If it's more tinkering in the vein hope that making everything more expensive helps people spend, not so good.
"Council" housing?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
....of course you personally wouldn't suffer any of the resulting fallout ...probably.....but there again words on an internet forum are cheap aren't they!:rotfl:MacMickster wrote: »Yes and no!
Whilst we shouldn't be afraid of borrowing for specific infrastructure projects that will help the UK be more competetive in the future, aat the same time we should be cutting back all none essential public expenditure far harder and quicker than we are doing currently.0 -
....of course you personally wouldn't suffer any of the resulting fallout ...probably.....but there again words on an internet forum are cheap aren't they!:rotfl:
Even cheaper are promises to make welfare payments with someone else's money, and then borrow an additional 1600 pounds per year for every man, woman and child in the country - but down that road lies eventual bankruptcy and impoverishment of a whole nation.
The best way to help the poor in the UK is to ensure that the economy will be competive, creating wealth and jobs in the future. We must not go down the path of Greece."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
grizzly1911 wrote: »"Council" housing?
Yeah...maybe.
So long as it truly helps people, and council housing seemed to. It wasn't really broken, allbeit maintainance could have been better, so no need to come up with something else to try and fix it.
On saying all this, I think it's pretty clear that the coalition, specifically the torie aspect of it are not gong to do anything at all. They won't change course, even if it's required, they won't implement anything radical, they won't change anything. So I doubt anything will happen at all in all honesty. They are too busy trying to make sure bankers can take bonuses.
Blair was dangerous....Brown I'd suggest even more so. Cameron is just proving to be all but useless at changing the UK. But he's pretty good in the EU.0 -
Vince Cable..6th March.
http://www.newstatesman.com/politics/politics/2013/03/when-facts-change-should-i-change-my-mind0
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