George Osborne has missed his chance to end the British disease – Ambrose Evans-Pritchard Telegraph

This is a good article from Ambrose Evans-Pritchard, International Business Editor at the Telegraph.

via George Osborne has missed his chance to end the British disease – Telegraph.

This article takes a hard look at the record of UK Chancellor, George Osborne and his outline proposals for the next parliament, if the Conservatives return to power. The thrust of the article is that the UK is still not managing both public and private sector debt effectively. Also the article recognizes that the UK record on competiveness is getting worse.

I have just returned from a trip to London and can witness first hand this crisis. A three bedroom terraced house in an attractive central London suburb is now circa GBP2 million. Unless you are from a privileged and wealthy background, young people will increasingly struggle to buy their own home in London. Across London I witnessed numerous cranes on the skyline, deployed for expensive refurshishment of large private homes.

As an expert in delivering strategic change, I worry deeply about the absence of cohesive strategy from the government, and the nation’s risk register where major risks seems to go unmitigated.

Let me turn to an open question:

How should the UK effectively reduce the levels of private & public sector debt?

Thoughts?

Opinion – Danny Alexander: I am as patriotic a Scot as any nationalist – Telegraph – John Gelmini

First Minister Alex Salmond

First Minister Alex Salmond (Photo credit: Wikipedia)

Like Dr Alf I agree with Danny Alexander on this one thing.

That said, even if the Scots decide to remain in the Union, they will demand more and create international uncertainty, which will cause foreign governments and potential investors to not be so willing to invest here or listen to what the UK Government says.

This not least because they will never really know how long any agreement they reach with the British Government will last or whether other elements of the Celtic fringe or the Orkney’s and Shetland Islands are prepared to break away.

Already the larger regions like the NorthEast, parts of the NorthWest and Cornwall are getting restless and demanding devolved powers over income taxation, business rates and housing.

They smell blood and the possibility of getting their hands on money which under Margaret Thatcher was placed firmly beyond their wasteful reach.

What is needed is fewer councils, fewer layers, fewer civil servants, fewer MPs and much greater efficiency NOT more devolved powers to waste and steal taxpayers money.

This and the uncertain climate on confidence and inward investment is what Alex Salmond has caused and the genie is now out of the bottle with almost unstoppable momentum.

Alex Salmond is interested in himself and his own self aggrandizement, not in these bigger issues and the damage his demagoguery causes and will continue to cause the very people whose interests he pretends to truly represent.

John Gelmini