- Sun Jul 28, 2024 8:11 pm
#73815
Doubt we’ve heard the last of Mr Yakoob, he’ll soon probably be a low rent daytime TV presenter.
Nigredo wrote: ↑Thu Aug 01, 2024 10:14 am https://tribunemag.co.uk/2024/07/breaki ... over-againIt remains to be seen what happens in the budget, but this is an odd comment.
Grace Blakeley utilizes her one year of working as a management consultant at KPMG to ponder why Reeves isn't chucking all the money at public services herself, personally, now.
The worst possible scenario is some combination of the two — cuts to productive investment alongside increasingly wasteful public spending decisions that do not increase long-term productivity. This scenario is, as you might have guessed, not some far off possibility. It describes our current economic reality. Successive governments have dished out billions to the wealthy and powerful while allowing the resources everyone else needs to survive to collapse.If the issue is extravagant wasteful spending, why the reaction against austerity? Surely with taxes high by historic standards and very little spare capacity and fairly expensive borrowing, there would seem to be a lot to be said for a fairly austere approach, with existing spending redirected to better things.
Rather than wasting money on private sector consultants, unnecessary and polluting infrastructure projects, or just outright corruption, the government could prioritise investments that would actually expand the supply of available resources over the long run. What would such an approach look like?Rail investment, famously cheap. And this sounds like pretty much the worst approach, what's called "crayonning" by rail people- you look at a map and think "Hmmm, big gap there between Gloucester and Ledbury let's fill that in with a railway line. Actually look, there used to be a railway there!Imagine how great it would be we brought it back!"
It would mean fewer massive, glamorous infrastructure projects that made use of expensive private sector financing and advice, and many more smaller, more sustainable investments. Investments like improving existing public transport capacity in areas currently underserved by our woeful privatised bus and rail services; or expanding renewable energy across the country; or funding desperately needed research into the climate crisis, and the development of new technologies to tackle it.
The Weeping Angel wrote: ↑Sun Aug 04, 2024 8:50 pmIt's amazing that they can convince themselves of this stuff. Yeah, Keir. Bet you're OK with people burning down hotels, because you don't want to offend the Red Wall!
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