Tag Archives: Crossrail

Investment in Infrastructure

railComment from Boris Johnson:  Whose jobs could we do without? … the legions of officials whose responsibilities have been generated by the cascade of bad law from Whitehall and Brussels and all the other officals whose non-job is to service them

 

Cuts! We’re gonna have cuts! All three parties are now engaged in a competitive slash-fest. David Cameron was the first to level with the public, pointing out that the state of public finances made retrenchment inevitable. After weeks of weedy wibbling about efficiencies and economies, Gordon Brown has at last allowed the Old English word to pass his lips – short, sharp and honest.

And now dear Nick Clegg has staggered wild-eyed before us, waving his chainsaw above his head and demanding “deep and savage” cuts in spending.

The electorate understands the need for cuts. The politicians claim to be determined to deliver. But what shall they cut? Well, there are the usual suspects: ID cards and the odd warship, and our old friend “waste”. But those savings will be nothing like enough, and in any case they have long since been discounted in the arithmetic. The obvious answer is to look at the armies of public-sector officials, whose salaries make up 85 per cent of government spending.

Whose jobs could we do without? Hmm? I know what you are thinking. Since 1997, the ranks of the public sector have been swelled with what the TaxPayers’ Alliance would call the politically correct non-job.

Continue reading Investment in Infrastructure

Are we on the verge of a recession?

A million jobs to be gone by Christmas. That was one of the chirpier headlines in the weekend papers, and oh boy, I don’t think I can take much more of this doomstering.

Spending an hour with the FT is like being trapped in a room with assorted members of a millennialist suicide cult. If their pundits are to be believed, the skies of the City will shortly be dark with falling bankers, and then for the rest of us it’s back to the 1930s, with barrels for trousers, soup kitchens and buddy can you spare a dime.

By this time next year, if the pessimists are right, Gordon Brown will have nationalised most of the British economy and a representative of the Treasury will be attending the editorial conference of The Daily Telegraph. Continue reading Are we on the verge of a recession?