Editor's blog: Sooner or later, the spending must cease

We can't afford to keep spending money on recovery. Also, the Government is a useless banker/ VC.

by
Last Updated: 31 Aug 2010

Poor old Alastair Darling (ahem). He knows better than anyone that the one thing UK plc really needs to get to grips with, now that the worst of the recession is over, is public spending. But he’s a politician and there’s an election on the way. He can’t afford to be seen as the axeman, at least not until after May 6th, and Gordon wouldn’t let him if he tried. So here’s the line he has tried to walk instead. Yes, we need cuts, but not yet. It’s too soon, the recovery isn’t safe. We need to keep spending, but on recovery rather than rescue. Big government saved you in the dark days of 2008/2009, and it can do the same again this year – just keep the faith. Don’t trust Dave and the posh boys, they’ll turn the taps off straight away and the cure will be worse than the disease... [CONTINUED]


In today's bulletin:

Budget 2010: Government tries to woo small business vote
Editor's blog: Sooner or later, the spending must cease
Carolyn McCall swaps GMG frying pan for easyJet fire
No panic for Sainsbury's despite sales slowdown
MT Special: David MacLeod on employee engagement

Find this article useful?

Get more great articles like this in your inbox every lunchtime

A mini case study in horizon scanning

Swissgrid has instituted smart risk management systems for spotting things that could go wrong before...

Interview ghosting: Stop treating job seekers like bad dates

Don’t underestimate the business impact of a simple rejection letter.

5 avoidable corporate disasters

And the lessons to learn from them.

Dressing to impress: One for the dustbin of history?

Opinion: Businesswomen are embracing comfort without sacrificing impact. Returning to the office shouldn't change that....

How to motivate people from a distance

Recognising success in a remote or hybrid environment requires a little creativity, says Insight SVP...

What pushy fish can teach you about influence at work

Research into marine power struggles casts light on the role of influence and dominant bosses...