Tuesday, November 29, 2011

Osborne finds some levers

When they came to power Osborne said it was not as if he had some levers he could pull in his office to get economic growth, it was down to the people of the country and businesses to provide it.

Well he seems to have found some levers now, infrastructure investment, loans to smaller companies. All sounds good in principle, it's a shame governments do not think of doing more of this even in the good times.

The spectre of PFI deals looms over us though, a financial trick that allows outside private firms to earn interest payments off public funded developments - with advisors from private firms working in the treasury sounds like another scandal waiting to break

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