Opinion: Cameron and Osborne want growth – at any cost – Benedict Brogran Telegraph – John Gelmini

English: Secretary of State for Business, Inno...

English: Secretary of State for Business, Innovation and Skills Vince Cable with the Deputy PM and Lord President of the Council Nick Clegg by the 2009 UK budget. (Photo credit: Wikipedia)

Cameron and Osborne do not want “growth at any cost” as Benedict Brogan asserts, what they want is the appearance of growth and enough “feelgood factor” from those who will vote for them.

They plan to achieve this, as Dr Alf has identified, by creating a mini-housing boom, and a consumer led recovery by those people at work, through increased credit card lending and secured lending.

Growth means exports, genuine new businesses starting up and expansion through organic growth of UK Mid Caps or what should be our “Mittelstand“.

It is all smoke and mirrors and too little too late, particularly on the part of the so called “Business SecretaryVince Cable who is so complacent he is horizontal enough to work as a bed tester for John Lewis.

Dr Alf’s description of whitewashing evidence for growth is accurate and as for growth potential it will not be realized unless the Government and the country put in the hard work and pay the price.

John Gelmini

Enhanced by Zemanta

Lord Mandelson warns HS2 will be an ‘expensive mistake’ | UK news | The Guardian

English: Lord Mandelson

English: Lord Mandelson (Photo credit: Wikipedia)

This is an amazing, MUST READ, article in the Guardian. Check it out!

Lord Mandelson warns HS2 will be an ‘expensive mistake’ | UK news | The Guardian.

Lord Mandelson, former Labour, Business Secretary, is the latest, high-profile advocate of the scrapping of the HS2 rail program. The project is already billions over budget, even before construction has been started. Amazingly, there was not a proper business case that looked effectively at the opportunity cost of alternative major development programs and their social benefits.

With the UK in a self-imposed crisis because of David Cameron‘s excessive austerity, the IMF, as well as many prominent economists, have called for the UK to seriously increase infrastructure investment. Unfortunately, based upon HS2, it is evident, once again, that the Government is unable to manage effectively major investment programs; this is a long-standing problem highlighted by the Public Accounts Committee many, many times.

Part of the cause of the problem is as follows:

  • Too much political meddling in major projects and dependence upon cronies
  • Too much dependence upon consultants from major consulting practices
  • Ineffective governance
  • Inadequate deployment of expert, independent consultants
  • Because of austerity, the most capable and talented people are looking to careers outside the Public Sector or overseas

Any thoughts?


Enhanced by Zemanta