Tag Archives: infrastructure spending

Opinion: Nick Clegg’s fiscal target – splitting the difference

Calculating Taxes Up And DownStephen Tall writes that “in terms of policies, there wasn’t much that was new” in Nick Clegg’s Bloomberg speech. Giles Wilkes and others have suggested that, on the contrary, Nick’s fiscal targets are a welcome change from the excessive deficit reduction the Coalition has pencilled in for the next parliament.

These commentators think that Nick’s deficit target (below) is a continuation of Labour and current Coalition policy – to balance the budget excluding capital spending. My understanding, however, is that what Nick said …

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Opinion: The Opportunity Costs of HS2

HS2 Brick WallToday’s publication (pdf) by the Liberal think tank Centre Forum, “Build the infrastructure: bin the wish list”, ought to make every Liberal Democrat stop and think again about the wisdom of spending £50 billion on HS2.

The report concludes that “projects must be prioritised with full consideration of opportunity costs”, saying:

Posted in Op-eds | Also tagged | 23 Comments

Danny Alexander MP writes… Investing in Britain’s future


Video by hmtreasuryuk on YouTube.

Yesterday, we set out a Spending Round that delivers Liberal Democrat priorities on investment and improving our public services while making responsible choices to deal with the financial problems Labour left us. It demonstrated that the Liberal Democrats will remain firm in our commitment to tackling the deficit, but fair in the way we go about it. Our number one priority in Government has been to fix the economic mess we inherited from Labour.

Today I have set out how we will invest in our country’s economic future by creating balanced growth and delivering lasting prosperity. I have announced the most comprehensive, ambitious and long-lasting capital investment plans this country has ever known.
In doing so we are putting long term priorities before short term political pressures and we are ending the culture of short-termism that plagued so many of our predecessors.

Posted in Op-eds | Also tagged , , , and | 22 Comments

The Independent View: how Liberal Democrats can provide Clegg’s “gear shift” in infrastructure spending

As Nick Clegg has recently noted, there needs to be a ‘gear shift’ in infrastructure spending. Whilst George Osborne dots the i’s and crosses the t’s on his third budget, it is worth considering how such a ‘gear shift’ may be enacted. Localis has undertaken just such an analysis, and this week launched Credit Where Credit’s Due – produced in partnership with Lloyds Banking Group – that illustrates how local government can help deliver a step-change of this type from the bottom-up. Though our report alights on many policy areas, from increasing the powers of LEPs to astute asset management …

Posted in Op-eds and The Independent View | Also tagged , , , and | 3 Comments
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