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Will infrastructure investment really rebalance the UK economy?

Large scale publicly funded projects can help balance an economy but some draconian measures are needed to make such projects work; namely: 1) A British only procurement policy which may break EU tendering rules 2) A policy toward using suitable unemployed persons which make employment on such projects mandatory or loss of benefits will ensue. 3) Such projects must be managed by private enterprise managers seconded for the purpose 4) Limited use of heavy machinery to ensure maximum employment [as China seems to do]. This converts welfare costs into useful output at little or no additional cost to the economy. Needless to say, no curent political party would be party to such measures.

18 Jan 2012

2:17 pm